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DICK'S Sporting Inks an Agreement to Buy Foot Locker

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DICK'S Sporting Inks an Agreement to Buy Foot Locker

DICK’S Sporting Goods, Inc. DKS has been making smart moves to enrich the customer experience. DKS is emphasizing the omnichannel experience to drive solid athlete engagement.

In a latest announcement, DKS and athletic shoes and apparel retailer Foot Locker FL unveiled a definitive merger agreement, which states that the former will buy the latter for an equity value of almost $2.4 billion and an enterprise value of roughly $2.5 billion.

The proposed merger deal highlights a key strategic milestone for DICK’S Sporting. This transaction is likely to be accretive to DKS’ earnings per share in the first fiscal year post-close (excludes transaction and more one-time expenses to accomplish synergies) and produce $100-$125 million in cost synergies in the medium-term via procurement and direct sourcing efficiencies.

The company notified that it expects to operate Foot Locker as a standalone business within its portfolio, thus retaining the FL brands. The aforesaid transaction has been unanimously approved by both companies’ board members. According to the proposed merger terms, FL shareholders have the option to either receive $24 in cash or 0.1168 shares of DKS common stock for every share of Foot Locker’s common stock. The option is not subject to a minimum or maximum value of cash or stock consideration.

The $24.00 per-share consideration reflects a premium of about 66% to FL’s 60-trading-day volume-weighted average price, based on its yesterday’s closing price. The total consideration shows an acquisition multiple of roughly 6.1x adjusted EBITDA of fiscal 2024.

More on DKS’ Latest Announcement

The proposed deal is subject to FL shareholders’ approval and more customary closing conditions, with the regulatory approvals. This is likely to conclude in the second half of 2025. DKS expects to finance the buyout via a combination of available cash and new debt.

The combined company looks to offer strategic and financial benefits, including a global platform in the booming sports retail industry, boost relationships with brand partners, unlock operational effectiveness to maximize shareholder return, serve a wider consumer base in differentiated concepts and invest in omnichannel growth. 

DICK’S Sporting will benefit from FL’s sneaker expertise and culture through its impressive portfolio of brands, comprising Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos. FL operates about 2,400 retail stores in 20 countries across North America, Europe, Asia, Australia and New Zealand, in addition to a licensed store presence in Europe, the Middle East and Asia. FL registered net worldwide sales of $8 billion in its last fiscal year. 

The combined company is likely to better serve customers worldwide. Through this deal, DKS will interact with customers in new U.S. locations via FL’s real estate portfolio, as well as internationally. The company will be able to serve a broader spectrum of customers, ranging from performance-focused athletes to sneakerheads. The transaction is likely to boost growth via unique store concepts and solid digital experiences to aid long-term success.

Shares of this sporting goods dealer have lost almost 5% yesterday. Over the last three months, this Zacks Rank #4 (Sell) company’s shares have fallen 24.8%, wider than the industry’s 4.9% decline.

Eye These Solid Picks in Retail

We have highlighted two better-ranked stocks, namely Nordstrom JWN and Canada Goose GOOS.

Nordstrom, a key fashion specialty retailer, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here

The Zacks Consensus Estimate for JWN’s current financial-year sales indicates growth of 2.2% from the year-ago figure. The company has delivered an earnings surprise of 22.2% in the last reported quarter.

Canada Goose, a designer and retailer of premium outerwear, currently carries a Zacks Rank #2 (Buy). GOOS delivered an average earnings surprise of 71.3% in the trailing four quarters.

The consensus estimate for Canada Goose’s current financial-year sales indicates a drop of 4.9% from the year-ago figure.

This article originally published on Zacks Investment Research (zacks.com).

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Kenny Dillingham-Michigan saga proves college football about money

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Dec. 23, 2025, 6:07 a.m. ET





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No. 1 college football team predicted to sign $2.1 million transfer QB

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As Indiana prepares to host its first-ever College Football Playoff game as the No. 1 seed, the Hoosiers are quietly already planning for 2026.

Fernando Mendoza, a redshirt junior transfer who led the Hoosiers to a 13-0 regular season, won the 2025 Heisman Trophy after throwing 2,980 yards and a national-best 33 passing TDs and is widely seen as an early NFL first-round prospect.

Should Mendoza depart for the draft, Indiana would be tasked with replacing an elite, NFL-caliber starter, which explains why numerous quarterbacks expected to enter the transfer portal have been linked to the Hoosiers.

On a December 20 episode of “Hoosiers Football Tailgate,” host Coach Griff specifically named TCU quarterback Josh Hoover, who announced he will enter the transfer portal and skip the Alamo Bowl, as a name Indiana should watch.

“I like this guy as a definite target for Indiana,” Griff said. “So, Josh Hoover, keep an eye on him as a potential target… The one I think they’ll really try to get is Hoover.” 

TCU Horned Frogs quarterback Josh Hoover.

TCU Horned Frogs quarterback Josh Hoover (10) comes off the field during the game between the Horned Frogs and the Bearcats | Jerome Miron-Imagn Images

Hoover was a three-star recruit out of Rockwall-Heath (Texas) and initially committed to Indiana in 2021 before flipping to TCU after the school extended an offer. 

He then redshirted in 2022 and became the starter in 2023, producing breakout numbers in 2024 with 3,949 passing yards, 27 passing touchdowns, and 11 interceptions with a 66.5% completion rate.

In 2025, Hoover threw for 3,472 yards and 29 TDs, with 13 INTs, and projects among the most productive returning QBs in 2026 on career totals of 9,629 passing yards, 80 total TDs, and a career passer rating of 147.8.

On3’s NIL valuations list also shows Hoover ranking among the most marketable college quarterbacks, with a valuation in the neighborhood of $2.1 million.

Hoover is an intriguing option for Indiana due to his proven production and Power Five experience, positioning him as a potential one-year, plug-and-play solution as Curt Cignetti prioritizes continuity.

There is also a “full-circle” aspect to his recruitment, as Hoover originally committed to Indiana before flipping to TCU in 2021.

Read More at College Football HQ

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  • College Football Playoff team has ‘significant interest’ in 4,000-yard QB

  • College football quarterback enters transfer portal after 4,000-yard season

  • No. 1 ranked transfer portal player predicted to join College Football Playoff team



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Joey McGuire sees NIL similarities between Oregon, Texas Tech

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Two teams that have really embraced the NIL era are set to meet on New Year’s Day. Oregon‘s win over James Madison advanced them to the College Football Playoff quarterfinals, where Texas Tech was waiting on the other side. Now, it’s Dan Lanning vs. Joey McGuire in the Orange Bowl with a lot of resources put into rosters.

Oregon has been at the forefront of NIL since its inception, especially under Lanning. Texas Tech could be considered the new kid on the block after major investment from a few donors. Even so, McGuire sees some similarities between the two when it comes to winning at whatever cost.

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“They’ve got a great booster in Phil Knight that really said, ‘We’re going to go win at the highest level and there’s no excuse when it comes to finance.’ You turn around and I think that we’re showing that we’re doing that. I think we’re really comparable,” McGuire said.

“We’ve got guys that have stepped up and done a great job. I kind of call them the ‘Big Five’ whenever you talk about Cody and John, Mike, Dusty, and Gary. Those guys have, along with everybody else in Red Raider Nation, but those guys have really led the charge. So, we’re kind of comparable on and off the field in this team. They’ve just done it for a little bit longer. That’s what we’re trying to do.”

As he said, McGuire is looking to put together a run similar to Oregon. All four years since hiring Lanning have been a resounding success, finishing with double-digit wins in all of them. This is the program’s second College Football Playoff appearance in the 12-team format, just missing out in 2023 due to a Pac-12 Championship loss.

Oregon won the Big Ten in its inaugural season inside the conference. Texas Tech can check that box already though, winning the Big 12 for the first time in school history. Advancing in the CFP would be a sweet bonus.

No matter the result on Jan. 1, Texas Tech is positioning itself to be successful moving forward. The 2026 recruiting class ranked 20th in the country but No. 1 in the Big 12 per the Rivals Industry Team Rankings. This is all before raiding the NCAA transfer portal, something McGuire and his staff did so well with last offseason.



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No. 1 college football transfer portal QB predicted to draw $3 million offer

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In the weeks leading up to the opening of the NCAA transfer portal, hundreds of college football players have announced their decisions to leave the schools they played for in 2025 for new horizons next season.

Some cases involve players transferring up from Group of Five or FCS programs to broaden their exposure. Others feature players following their coaches from one school to another due to the coaching carousel. In occasional instances, players are searching for the highest bidder on the portal.

Former Arizona State quarterback Sam Leavitt is a portal entry drawing the attention of high-bidding college football programs. He will enter the portal with two seasons of eligibility remaining.

On3 ranks Leavitt as the top available quarterback in the transfer portal. Chris Hummer of CBS Sports reported that schools are expected to offer Leavitt around $3 million.

Sam Leavitt look toward the sideline in Arizona State's game at Texas Tech.

Arizona State Sun Devils quarterback Sam Leavitt (10) | Mark J. Rebilas-Imagn Images

“Sam Leavitt on the open market is going to command a significant amount of money,” Hummer said. “We’re talking $3 million plus most likely. Although, in all fairness, I think teams really do have questions about Sam Leavitt’s injury and what that means moving forward. It’s kind of like the Carson Beck situation a year ago.”

The 6-foot-2, 205-pounder began his college football career with Mel Tucker at Michigan State in 2023. He played in a maximum of four games that season to maintain his redshirt, throwing for 139 yards, two touchdowns, and a pair of interceptions.

Leavitt transferred to Arizona State in the 2024 offseason. The Sun Devils were 10-2 in the regular season and defeated Iowa State (45-19) en route to the program’s first-ever College Football Playoff appearance. Leavitt passed for 2,885 yards, 24 touchdowns and six interceptions and rushed for another 443 yards and five touchdowns.

Postseason honors for Leavitt included Big 12 Offensive Freshman of the Year and Second Team All-Big 12. His 2,885 passing yards are the most by a freshman quarterback in Arizona State history.

Leavitt’s season was cut short after the Sun Devils’ game against Houston due to a Lisfranc injury. He threw for 1,628 yards, 10 touchdowns and three interceptions while he ran for 306 yards and five touchdowns in seven games.

Arizona State will not start Leavitt in its bowl game. The Sun Devils (8-4, 6-3) will play ACC champion Duke (8-5, 6-2) in the Sun Bowl in El Paso, Texas (3 p.m. EST, CBS).

The NCAA transfer portal officially opens on Jan. 2, 2026, the final day of bowl games across the FBS ranks. It will remain open for the following two weeks.





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University of Alabama football player uses NIL money to spread Christmas cheer

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TUSCALOOSA, Ala (WIAT) – University of Alabama offensive lineman Parker Brailsford’s childhood experiences inspire him to help Tuscaloosa’s underserved youth.

Brailsford is an Arizona native, who has made a name for himself in the world of college football. But when he takes off the helmet and pads, his focus shifts to something else.

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“Being able to give back to kids that don’t have – that’s something that fulfills me,” Brailsford said. “It’s my purpose.”

Brailsford took 10 children and their families from the Boys and Girls Club Christmas shopping on Monday.

Each child received a $100 Target gift card. All together it was $1,000 of NIL money.

Alabama moves up to No. 14, Auburn falls out of AP men’s college basketball rankings

“He just gave her a turkey for Thanksgiving, and now he’s taking her Christmas shopping,” Toniko Bryant said. “I’m very thankful because he doesn’t have to do that.”

Brailsford understands he doesn’t have to – but he wants to.

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“As a kid, we didn’t have a lot but we had enough,” Brailsford said.

During Brailsford’s infancy years he was adopted.

“I never was in the foster care system, but one of my friends was,” Brailsford said.

Brailsford’s formative years were a stark contrast to what he saw other children experience. His parents gave him support and stability, while other children moved from home to home.

At the same time, his mother took him to homeless shelters and food pantries to volunteer. There he saw how poverty affects anyone of all ages, races, and gender.

“Sometimes you get caught in the what you’re living in right now – you think there’s not a place for you,” Brailsford said.

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Brailsford found his place on the field, but his purpose is to help children find theirs.

“This is something God put on his heart,” John Nero said. “I appreciate every bit of it, not just for Oshae but for all the other kids.”

Brailsford relates to many of the children he serves. Whether it’s adoption, financial hardships, or empathizing with experiences his friend encountered years ago.

While Brailsford’s success in football gives him the financial resources and name recognition to coordinate outreach events, this is just the beginning even if his football career comes to an end.

“I’m working on my social work degree right now because I really want to be able to help kids, anyway I can,” Brailsford said.

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Major college football team reportedly does not have ‘any interest’ in $2.4 million QB

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Indiana’s meteoric ascent to the top of college football has transformed the Hoosiers into a prime destination for transfer quarterbacks, and for a brief moment, that attention turned toward a familiar face.

Cincinnati signal-caller Brendan Sorsby, who spent his first two seasons at Indiana before moving on, formally entered the transfer portal on December 15 after a productive 2025 campaign with the Bearcats.

In 2025, Sorsby produced 2,800 passing yards, 27 touchdown passes, and five interceptions, plus 580 rushing yards and nine rushing scores. 

Across his collegiate career, he has totaled 7,208 passing yards, 60 passing touchdowns, 1,305 rushing yards, and 22 rushing touchdowns, positioning him as one of the top dual-threat quarterbacks currently available in the transfer portal.

He is also one of the market’s most valuable quarterback assets, with an estimated NIL valuation of approximately $2.4 million and reports indicating that suitors have discussed packages exceeding $4 million.

Recent reports have tied Sorsby to several Power-5 suitors, notably Texas Tech and, in initial rumor threads, a potential reunion with the Hoosiers.

However, “Hoosier Tailgate” host Shannon “Coach Griff” Griffith pushed back on the speculation during a December 20 episode, suggesting that Indiana would not view Sorsby as a realistic target.

“I do not think Sorsby is anybody that Indiana would have any interest in,” Griff said. “I don’t necessarily think Sorsby is better than, other than playing, Alberto (Mendoza). I just don’t think that’s something that I can see them getting back in. He’s kind of linked to Texas Tech.”

Cincinnati Bearcats quarterback Brendan Sorsby.

Cincinnati Bearcats quarterback Brendan Sorsby (2) throws the ball during the game between the Horned Frogs and the Bearcats | Jerome Miron-Imagn Images

The Hoosiers finished the 2025 campaign undefeated, captured the Big Ten title, and entered the College Football Playoff as the No. 1 seed. 

Their offense was driven by Fernando Mendoza (2,980 yards, 33 TDs, six INTs), who swept national awards (Davey O’Brien, Maxwell, and the Heisman) and is widely discussed as a top prospect for the 2026 NFL Draft.

Head coach Curt Cignetti’s program has proven adept at integrating transfer quarterbacks, with both Fernando Mendoza (Cal) and Kurtis Rourke (Ohio) finding success after joining the Hoosiers.

For Sorsby, the portal still offers multiple paths, including a high-value college package or an NFL evaluation, but commentary from influential IU voices, such as Griff, has effectively taken a straightforward reunion scenario off the table.

Read More at College Football HQ

  • Major college football program loses 15 players to transfer portal

  • College Football Playoff team has ‘significant interest’ in 4,000-yard QB

  • College football quarterback enters transfer portal after 4,000-yard season

  • No. 1 ranked transfer portal player predicted to join College Football Playoff team



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