A seminal figure in turning the Golden State Warriors into a sports colossus has stepped down as president and general manager after 12 years.

A prominent player agent before moving into team operations, Bob Myers was the architect for four NBA championship teams and a two-time NBA Executive of the Year.

With the foundation of sustained on-court success built by Myers, the Warriors became the NBA’s most valuable franchise and one of the world’s leading sports brands with an estimated team value of $7 billion. The Warriors also led the league in road attendance this season and routinely rank among NBA merchandise sales leaders. 

Myers also signed Stephen Curry to two historic “supermax” contracts collectively worth more than $415 million and helped turn the Warriors guard into a global superstar, as well as played an influential role in the development of the $1.4 billion Chase Center, regarded as one of the world’s top arenas. 

Upon Myers’ arrival in 2011, the Warriors had made the playoffs just twice in the prior 20 seasons, were worth just an estimated $363 million, and were widely considered a laughingstock of the league.

Beyond winning, Myers and his Warriors business counterparts — former team president Rick Welts and successor Brandon Schneider — turned the team into industry thought leaders on numerous fronts such as arena operations, roster development, ticketing, and sponsorship sales.

If and when the 48-year-old Myers returns to team operations, he’ll be among the most highly coveted executives ever.

Performance apparel brand NOBULL is the latest fitness company to trigger layoffs.

NOBULL confirmed to Footwear News that cuts were made. The company’s founders cited “the challenging economic climate” and a desire to “safeguard the brand for the future.”

The total number of employees impacted was about 75, according to The Barbell Spin, representing about 35% of the company’s workforce. The cuts came after NOBULL CMO Todd Meleney, the company’s first employee, resigned at the beginning of May.

In December, the Boston-based company received backing from the NFL’s investment arm, 32 Equity, adding to funding that valued NOBULL at $500 million in 2021.

NOBULL became the presenting sponsor of the NFL Scouting Combine this year, replacing Rebook. The brand also sponsors the CrossFit Games and works with the PGA Tour and Patriots QB Mac Jones.

In the last 12 months, layoffs have impacted a number of sports and fitness companies, including Peloton, WHOOP, and Tonal, while Amazon shut down its fitness wearable product line.

Several Nike employees reported being laid off in March, but the company didn’t confirm or comment on any such moves.

It’s unclear what the layoffs mean for NOBULL’s immediate future in the direct-to-consumer retail space. The brand has been popular on Instagram and appeared to maintain an upward trajectory before these layoffs.

The Minnesota Vikings will be able to pay off debt on their publicly owned home stadium 23 years early, thanks to a new tax bill signed by Gov. Tim Walz.

The legislation will retire $377 million in outstanding stadium bonds for Minneapolis’ U.S. Bank Stadium by the end of June — wiping out debt scheduled to be paid off in 2046 and saving Minnesota taxpayers $226 million in interest.

The stadium, which opened in 2016 and hosted the NFL’s Super Bowl LII in 2018, cost slightly more than $1.1 billion to build. The Vikings and other private sources paid about $620 million, with the state and city combining to supply around $500 million.

State officials were able to retire the stadium debt after tax revenue from legalized, electronic pull-tab games — a key funding source for the facility’s bonds — soared beyond initial projections.

Lester Bailey, Vikings executive vice president of public affairs, called the decision “great news and the latest chapter in a success story that has benefited Vikings fans, the city of Minneapolis, and the state of Minnesota.”

Progress For The Bears

Meanwhile, the Vikings’ NFC North rivals are moving forward with their own stadium plans. 

On Tuesday, the Chicago Bears started the demolition of Arlington International Racecourse, where the team intends to build a domed stadium. The team sought permission for the demolition earlier this month.

Newly installed Bears president Kevin Warren has a link to both NFC North projects, having led the Vikings during the construction of U.S. Bank Stadium.