Forbes Lists Most Valuable Teams

Real Madrid tops Forbes’ list of 50 most valuable sports teams, with Manchester United and Barcelona holding the next two spots. Forbes says Real Madrid is worth $3.3 billion. The Spanish power moved up a spot from No. 2 last year.

Man United, which was No. 1 last year…

U.S. Sprinter Tyson Gay Fails Dope Test

Tearful former double sprint world champion Tyson Gay said on Sunday he had tested positive for a substance he could not identify and was pulling out of next month’s world championships in Moscow.

Gay, who had the year’s fastest 100 meters time of 9.75 seconds, told two…

Giants Pitcher Tim Lincecum Throws No Hitter

San Francisco Giants pitcher Tim Lincecum threw the first no-hitter of his career against the San Diego Padres on Saturday.

The 29-year-old right hander struck out 13 batters and walked four to record the no-hitter in his team’s 9-0 win. He also hit San…

Dwight Howard Joins Houston Rockets, Officially

Dwight Howard is officially a Houston Rocket.

The center was formally introduced in Houston on Saturday after spurning the Lakers to sign with the Rockets. He was greeted by some of the brightest stars in team history.

Hall of Fame center Hakeem Olajuwon and Yao Ming were among those on…

Penn State Authorizes Settlement to Sandusky Victims

UNIONTOWN, Pa. (AP) — Penn State trustees say several tentative settlements have been made with men who claim former assistant football coach Jerry Sandusky sexually abused them.

The board voted Friday to authorize members of a committee to approve settlements in the matter. The deals are limited to a range of…