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ESPN is laying off a portion of its staff today, a network spokesman confirms to us. How many? ESPN won’t say. A tipster told us earlier today that it would be more than 400 staffers. A source at ESPN said that number is a little high, but it appears to be in the hundreds.

Mets-Einhorn deal is dead 

For much more head over to MetsBlog

I’m very, very sorry for the Islanders organization and its loyal fans. There is no question that everyone who cares about the Islanders did the best they could to help with the referendum. Once again, this story is far, far from over. I would still suggest keeping the faith and I believe the Islanders will remain in the New York area – with Nassau still the leading contender.

Yankees, Giants and Jets all make Forbes’ top-10 of most valuable franchises in professional sports

Six of the ten most valuable franchises in sports play American football, according to a list issued by Forbes, and two of them play in the same yet-to-be-sponsored stadium.

The Giants were ranked eighth, and the Jets, co-owners of the New Meadowlands Stadium, checked in at No. 10. Both earned their way among the world’s top 50, trailing only the Yankees in the tri-state area. The Giants were tagged as worth $1.18 billion while the Jets weighed in at $1.14 billion.

Only one baseball team was able cement its status in the top-10: The Yankees. The Bronx Bombers checked in at No. 3 on the list with a value of $1.7 billion.

Continue reading… NYDailyNews

The New York Times Co. said it has sold more than half its holdings in the Fenway Sports Group, which includes the Boston Red Sox, for $117 million.

Daniel Kaplan of SportsBusiness Journal reports that the Jets and Giants are getting closer to selling the rights, and that a new name could be applied to the New Meadowlands Stadium before the start of the 2011 season. If, of course, there even is a 2011 season.