Sportsline Com Inc

In an effort by the NCAA to distance itself from sports wagering, SportsLine.com will sell two gambling sites as part of an agreement to produce and manage an official NCAA championship Web site. The agreement, announced Wednesday, requires that SportsLine dispose of its gaming information operations -- VegasInsider.com and Las Vegas Sports Consultants, which account for up to 15% of SportsLine's revenue.

In an effort by the NCAA to distance itself from sports wagering, SportsLine.com will sell two gambling sites as part of an agreement to produce and manage an official NCAA championship Web site. The agreement, announced Wednesday, requires that SportsLine dispose of its gaming information operations -- VegasInsider.com and Las Vegas Sports Consultants, which account for up to 15% of SportsLine's revenue.

A new online venture led by sports legends Michael Jordan, John Elway and Wayne Gretzky has agreed to take over the online retailing business of SportsLine.com Inc., publisher of the CBS SportsLine Web site, the companies said Tuesday. Under the deal, SportsLine.com will receive $120 million in guaranteed cash payments over 10 years and receive an equity interest in the venture, MVP.com. MVP.com Inc.

A new online venture led by sports legends Michael Jordan, John Elway and Wayne Gretzky has agreed to take over the online retailing business of SportsLine.com Inc., publisher of the CBS SportsLine Web site, the companies said Tuesday. Under the deal, SportsLine.com will receive $120 million in guaranteed cash payments over 10 years and receive an equity interest in the venture, MVP.com. MVP.com Inc.

In a deal valued at more than $100 million, the National Football League on Wednesday turned its online operations over to a powerful team that includes AOL Time Warner Inc., Viacom Inc.'s CBS network and sports site Sportsline.com Inc. The partnership underscores the media world's belief that online sports will prove to be a profitable business. The NFL will receive more than $100 million in cash during the five-year deal, according to sources familiar with negotiations.