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How Tom Brady could buy into the Raiders and why he wants a piece of the NFL pie

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How Tom Brady could buy into the Raiders and why he wants a piece of the NFL pie

Tom Brady, a surefire future Pro Football Hall of Fame inductee and arguably the greatest player in NFL history, could be on the precipice of NFL ownership.

Brady and businessman Tom Wagner, the co-founder of Knighthead Capital Management, came to an agreement with Las Vegas Raiders owner Mark Davis to buy into the franchise last year. Their bid will be discussed at the NFL’s owners’ meetings on Tuesday in Atlanta, according to a league source. The league’s financial committee will review Brady’s bid, with a potential vote to follow.

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Here’s an explainer of how Brady and the Raiders got here:

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What is the process for Brady becoming a part-owner of the Raiders?

Brady and Wagner had to reach an agreement with Davis to purchase a minority stake in the franchise, which they did in May 2023. From there, the bid is reviewed by the NFL’s finance committee, which was formed last year and is composed of owners. The committee decides if the bid will proceed to a vote. If it does, the bid must be approved by 24 of the NFL’s 32 majority owners.

What would his ownership share be, and how much is he paying for it?

According to league sources, the agreement between Brady, Wagner and Davis is for a 10 percent stake in the Raiders. CNBC estimated the value of the Raiders to be $7.8 billion last month, but that doesn’t mean Brady and Wagner have to pay $780 million.

That’s because a valuation is based on the estimated price the Raiders would draw if Davis sold the entire stake. The price Brady and Wagner agreed on with Davis has not been disclosed, but it’ll likely be substantially less than 10 percent of the valuation of the Raiders.

How does one pay for, say, a 10 percent share of an NFL team? Does he have to come up with cash, or is it a payout over a longer period?

Brady and Wagner have to pay cash. If they don’t have the full amount on hand, they’ll have to take out a loan.

Why has the process taken so long?

It has taken some time to nail down the final price. According to The Washington Post, the NFL’s finance committee raised concerns last year that Davis was giving Brady and Wagner too much of a discount. The Post reported earlier this month that Brady and Wagner have since increased their offer to “far more money than originally proposed.”

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What would be different for Brady given his TV broadcasting career?

The NFL has already placed restrictions on Brady in his role as a Fox analyst. He’s not allowed access to other teams’ facilities and practices, nor can he attend broadcast production meetings, which usually include meetings with coaches and players ahead of games.

In the scenario that he’s approved as a minority owner, however, the restrictions would increase. According to an ESPN report in August, Brady wouldn’t be able to publicly criticize officials or other teams and could be fined or suspended if the league feels he breaks that policy. He would also have to abide by the league’s gambling and anti-tampering policies, and he would be limited to “strictly social communication” with members of other teams, per the report.

What is Brady’s connection to Raiders owner Mark Davis?

In January 2020, Brady attended UFC 246 and was photographed smiling while talking to Davis, whom he’d previously met, and then-Raiders executive Marcel Reece. The Raiders were moving to Las Vegas, while Brady was coming off what would be his final season with the New England Patriots. With Brady set to become an unrestricted free agent that March, rumors were swirling that he could potentially sign with the Raiders to replace then-starting quarterback Derek Carr.

The Raiders considered pursuing Brady, but then-coach Jon Gruden, who had personnel power, ultimately decided against it and stuck with Carr. Brady went on to sign with the Tampa Bay Buccaneers, but the Raiders’ flirtation was the start of a deeper relationship with Davis, who took over as head of the franchise following the death of his father, Al, in 2011.

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In May 2022, Brady attended a Las Vegas Aces game. He caught up with Davis, who purchased the WNBA franchise in 2021, and expressed his admiration for what they were building. On the court, the team was thriving and en route to its first WNBA championship. From a fan base perspective, the Aces were regularly selling out games and drawing some of the best attendance numbers in the league.

“I think (Brady) was just really impressed with how far women’s basketball has come,” Davis told The Athletic last year. “And he was also impressed by the excitement and the enthusiasm of the crowd in Las Vegas.”

Shortly after the game, Brady’s representatives reached out to Davis and asked whether he would be willing to sell a minority stake in the Aces. In March 2023, the Aces announced that Brady had reached an agreement with Davis to become a minority owner. The purchase was approved by the WNBA’s other owners in October. The percentage of Brady’s stake and the amount he paid for it remain undisclosed.

“He knew that I was in it, and I think he just felt he wanted to be a part of it,” Davis said. “His people contacted me and we talked about it, and he became a partner.”

In May 2023, Davis told ESPN he had come to an agreement with Brady for the former quarterback to purchase a minority ownership stake in the Raiders.

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“We’re excited for Tom to join the Raiders,” Davis told ESPN, “and it’s exciting because he will be just the third player in the history of the National Football League (after George Halas Sr. and Jerry Richardson) to become an owner.”


Mark Davis and Tom Brady attend UFC 246 in Las Vegas on Jan. 18, 2020. (Jeff Bottari / Zuffa LLC via Getty Images)

Why is Brady trying to purchase a share of the Raiders — and not the Patriots, Buccaneers or his hometown San Francisco 49ers?

It all starts with the existing business relationship between Brady and Davis. You can’t buy a stake in a team without an owner being willing to sell a portion of his or her stake and it’s unclear if that would’ve been possible with the Patriots, Buccaneers or 49ers. The Patriots, for one, are 100 percent owned by Robert Kraft and he told Fox Business in February 2023, “I’m never selling it. We’ve set it up so it hopefully stays in the family for many decades to come.”

It’s also possible Brady viewed the Raiders as a more attractive investment. Among the four aforementioned teams, only the Patriots — valued at $7.9 billion — are worth more than the Raiders, per CNBC’s estimation. Their report has the 49ers at $7.4 billion and the Bucs at $6.05 billion.

The report also suggests that the Raiders are generating more revenue than those three other teams. According to CNBC, the Raiders generated $780 million in revenue in the past year, which trails only the Dallas Cowboys ($1.22 billion) and Los Angeles Rams ($825 million). That, plus Davis being willing to sell, is likely part of the reason this came together.

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Does this mean Brady would have any sort of control of the Raiders?

No. To be considered a majority owner by the NFL, someone who buys into the franchise must acquire at least a 30 percent stake. At that point, they could have voting rights and team control. Because Brady and Wagner are purchasing only 10 percent of the Raiders, they won’t have control. That’s another reason why they won’t pay 10 percent of the valuation of the Raiders.

“If somebody buys what’s called a limited partnership share, they pay a much lower valuation because they don’t have any control,” a former NFL executive told The Athletic last month. “They’re basically just passive investors. It’d be like if you were selling the garage of your house. You wouldn’t sell it on a per-square-foot basis. Somebody would pay a lot less because they don’t own the house.”

How many other minority owners do the Raiders have?

Davis and his mother, Carol Davis, are listed as co-owners of the Raiders and own 47 percent of the franchise. That number would drop if Brady and Wagner’s bid is approved, but the Davis family would remain the principal owners. As of 2022, the NFL dropped the minimum percentage of a team that a longstanding owner must control from 5 percent to 1 percent for teams with the same owner for at least 10 years.

When the late Al Davis became principal owner in 1972, he founded a company called A.D. Football Inc. alongside eight partners. The original eight partners have passed, but their heirs became limited partners.

The Raiders 2024 media guide lists six other “interest holders” in the franchise: A. Boscacci, Jill Boscacci Lovingfoss, First Football, Winkenbach Family, Fox Football and Sargent Family.

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Could Brady still return to play in the NFL as a part-owner?

No. NFL rules state that employees can’t own equity in a team unless they are family members of the team’s owner.

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What is the Raiders’ succession plan after Mark Davis? Could Brady eventually become the primary owner?

It’s unknown. Mark Davis, 69, has no siblings and is single with no children. Carol Davis is in her 90s. If they still have stakes in the franchise when they die, their ownership stakes could either be passed on to someone else in the family or sold.

Brady could attempt to purchase their stakes in the latter scenario. He could also attempt to purchase their stakes while they’re living — or those of the other limited partners. Not only would he need to cross the 30 percent threshold, but he’d also need to own more shares than Carol and Mark Davis to become the “controlling” owner. If Carol and Mark Davis ever decided to sell, there would likely be suitors beyond Brady.

“It’ll be a real ‘Game of Thrones’ when that happens,” a former NFL executive told The Athletic. “When something’s worth $1,000, there’s not a fight. When something’s worth $10 billion, it gets pretty ugly.”

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(Top illustration: Meech Robinson / The Athletic; photos: Cooper Neill and Ethan Miller / Getty Images and Matthew Pearce / Icon Sportswire via Getty Images)

Culture

Court Vision: 11 things to know about 2024-25 NCAA men’s college basketball season before tipoff

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Court Vision: 11 things to know about 2024-25 NCAA men’s college basketball season before tipoff

It’s a long wait from the first weekend in April until the first week of November, but at last, the men’s college basketball season is upon us.

We’ve already shared The Athletic’s preseason conference rankings, full of stats and analysis. We’ve rolled out our preseason All-America teams and Top 25. And there’s plenty more to come. Consider this my first national column, which will regularly cover the week that was and preview the weekend that will be.

So, before the games actually tip off, let’s get you caught up on everything you need to know.

1. UConn’s quest for a three-peat is historic — but not impossible

Last season, Connecticut became just the third program in the modern era to win back-to-back national titles, joining Florida (2006 and 2007) and Duke (1991 and 1992).

But neither the Gators nor the Blue Devils were able to run things back a third time. Which means the only team that’s ever won three straight is still John Wooden’s UCLA dynasty, which won seven consecutive championships from 1967 to ’73 (and 10 over a 12-year span). But Dan Hurley wouldn’t have turned down the Los Angeles Lakers’ head-coaching job this summer if his team didn’t have a realistic shot at cutting down the nets (again) in 2025.

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Beyond the difficulty of winning a single-elimination tournament three years running is that Hurley, 51, keeps losing his best players. After his first title, three starters left for the NBA. After UConn won it all again, Hurley lost four more starters. At least Hurley convinced redshirt junior Alex Karaban to come back … but now he needs the 6-foot-9 forward to go from highly efficient role player to a true All-American.

Karaban will get help from guard Aidan Mahaney (Saint Mary’s) and center Tarris Reed Jr. (Michigan), both top-50 transfers according to The Athletic’s list of best available players, and five-star wing Liam McNeeley was the No. 17 recruit in the nation. Hurley also needs his role players from the past two seasons to take the leap. There’s enough talent here to make another run. And if UConn does? It would cement Hurley not just as the best coach of the modern era, but one of the best the sport has ever seen.

2. The coaching carousel

Who knew that SMU firing Rob Lanier would be so consequential?

But that became the first domino in a wild offseason. SMU, ahead of its move to the ACC, quickly hired Andy Enfield away from USC, which paved the way for Eric Musselman to leave Arkansas for Los Angeles. The Razorbacks responded with a home run swing: luring Hall of Famer John Calipari away from his lifetime contract at Kentucky as his act appeared to be wearing thin in Lexington. (A blue-blood coaching change, for the fourth straight offseason.)

Kentucky settled on BYU coach Mark Pope — a captain on UK’s 1996 championship team — as Calipari’s successor, after its pursuit of Baylor coach Scott Drew came up short. BYU hired former Phoenix Suns assistant Kevin Young, who has seemingly unlocked the Cougars’ name, image and likeness vault.

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Those interconnected dominoes don’t even factor in Michigan winning the sweepstakes for Dusty May, who took Florida Atlantic to its lone Final Four. Louisville, which ended its disastrous two-year Kenny Payne experiment, pivoted to Charleston’s Pat Kelsey.

Tony Bennett’s recent abrupt retirement from Virginia, where he hung the program’s only national championship banner in 2019, left the ACC without a championship-winning coach for the first time since 1981-82. Ron Sanchez (former head coach at Charlotte) was named interim coach and will have every opportunity to win the full-time job. And lastly, tragically, South Florida coach Amir Abdur-Rahim — who led Kennesaw State to its first NCAA Tournament appearance and was a rising star — died last week at age 43 due to complications from a medical procedure. Assistant Ben Fletcher will be the interim.

3. Zach Edey is gone, but there’s still returning star power

Edey — the first two-time Wooden Award winner since Ralph Sampson in the 1980s — is gone to the NBA, but The Athletic’s preseason All-America teams include several accomplished players.

North Carolina guard RJ Davis is the only first-team All-American back from last season, but two second-team honorees also return: Alabama guard Mark Sears and Kansas center Hunter Dickinson. (Thank the extra COVID-19 year of eligibility for guys sticking in school long enough to become household names.) Karaban is the face of UConn’s bid for a three-peat, Arizona guard Caleb Love is two seasons removed from ending Mike Krzyzewski’s Hall of Fame career, and Purdue guard Braden Smith is set to step out of Edey’s enormous shadow.

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That’s just a snippet of the talent back. But there’s also …

4. Cooper Flagg, the most hyped high school prospect since …?

Welcome to the year of Flagg. The 6-foot-9 Maine native was the top-ranked recruit in this year’s freshman class, and he’s long been the front-runner to go No. 1 in the 2025 NBA Draft. It’s not hyperbolic to call him the most-anticipated high school recruit since Anthony Davis at Kentucky in 2011-12. And the nine months “The Brow” was on campus turned out pretty well for the Wildcats, no? Duke and third-year coach Jon Scheyer are hoping Flagg leads the Blue Devils to similar national championship heights — and talent-starved NBA fans in Washington, Brooklyn and Detroit are watching just as eagerly.

Flagg’s hype train hit a new gear after his performance this summer at Team USA camp. Despite being the lone college representative on the Select Team — which featured rising NBAers like Brandon Miller and Jalen Suggs — Flagg was, at times, the best player on the court.

Flagg is a better defensive player than offensive one at this point, but he can still pour it in as a scorer. Regardless, Duke’s do-everything centerpiece will have a spotlight trained on him for good reason: He’s the rare talent, even at 17, who can lead a team to a national championship.

5. Experience rules

When the 2020 NCAA Tournament was canceled due to COVID-19, the NCAA granted every player that season an additional year of eligibility. In the final season with those players still active, what is the legacy of that decision? The most experienced era in the recent history of the sport.

According to NCAA data, in 2018-19 — the final full season before the pandemic — the average experience level for DI men’s players was 2.41 years; for this season, it’s up to 2.62. But that data isn’t totally representative because it counts fifth-year players like normal seniors. If it accounted for the additional year, the average is pushed even higher. Take Xavier, the most experienced high-major team in the country this season. The Musketeers’ average experience is 3.35 years, per NCAA data. But if you account for the team’s eight fifth-year players, that figure rises to 3.53.

As for how experience correlates to winning? There have been only two freshman starters in the past two Final Fours combined, both for UConn: Karaban (2023) and Stephon Castle (2024). Duke, or another freshman-heavy team, may reverse that narrative this season. But recent history suggests experience is more valuable than ever.

6. Rutgers has 2 of the nation’s top 3 recruits

The only school in the past decade to land two of the nation’s top three recruits was Duke, until this summer. But by signing forward Ace Bailey (No. 2 nationally, per the 247Sports Composite) and point guard Dylan Harper (No. 3), Rutgers coach Steve Pikiell has accomplished the seemingly impossible in New Jersey. (The wonders that a family legacy — Harper’s older brother, Ron Harper Jr., also played at Rutgers — and a robust NIL pitch can do.)

Both Bailey and Harper are projected top-five picks in next summer’s NBA Draft — and they could even challenge Flagg to go first if they lead the Scarlet Knights to the NCAA Tournament.

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At 6 feet 6 and 215 pounds, Harper has ideal size for a lead guard, and he offers polished three-level scoring ability. Bailey is more raw, but there aren’t many prospects with his athleticism at 6 feet 10. They’ll be asked to carry a heavy load in a Big Ten predicated on physicality and post play.

7. Another transfer portal cycle sees top names find new homes

Where did some of the top names wind up? Former Final Four participants — point guard Jeremy Roach (Duke) and forward Norchad Omier (Miami) — will team up at Baylor this season. The remaining cornerstones from Florida Atlantic’s 2023 Final Four team scattered, as well; center Vlad Goldin followed May to Michigan, guard Johnell Davis went to Arkansas, while guard Alijah Martin stayed in Florida and joined the Gators.

Tucker DeVries — the two-time Missouri Valley Player of the Year and the No. 1 transfer in The Athletic’s rankings — went with his father, Darian, to West Virginia. New Saint Louis coach Josh Schertz brought his best player, the goggle-wearing Robbie Avila, with him from Indiana State. Forward Great Osobor moved from Utah State to Washington to stay with coach Danny Sprinkle.

Coleman Hawkins (Illinois) picked Kansas State. Rylan Griffen left one Final Four team (Alabama) for another potential one (Kansas). Louisville brought in an entire new roster, headlined by Chucky Hepburn (Louisville), Terrence Edwards Jr. (James Madison) and Kasean Pryor (USF). We could go on.

8. Can the Big Ten end its 25-year national title drought? It looks unlikely

No Big Ten team has won it all since Tom Izzo captured his first (and only) title with Michigan State in 2000.

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Since then, eight Big Ten teams — Indiana (2002), Illinois (2005), Ohio State (2007), Michigan State (2009), Michigan (2013), Wisconsin (2015), Michigan (2018) and Purdue (2024) — have made it to the championship game, but none have finished the job. Eleven coaches surveyed by The Athletic largely agreed that probably speaks more to the randomness of March Madness than any overarching condemnation of one conference but also spoke to style of play.

It seems unlikely the Big Ten snaps its dry spell this season. Purdue is the top-ranked preseason team in the league at No. 14, followed by Indiana (No. 17), UCLA (No. 22) and Rutgers (No. 25). There just doesn’t appear to be one or two clear front-runners. However …

9. Could we see a record for NCAA Tournament teams from one league?

The Big East holds the single-season record for NCAA Tournament bids by one league, when 11 of its 16 teams qualified in 2011. But with conference realignment leading to larger high-major leagues, will the record be broken this season?

Possible, but still improbable. Three leagues seem best-positioned: the SEC, Big Ten or Big 12. The SEC has nine teams ranked in the preseason Top 25 and a 10th (Mississippi State) that received votes in the poll. The Big Ten has seven others who received preseason votes in addition to the four ranked. The Big 12 is top-heavy; six of its teams are ranked, with the potential for more to emerge from its meaty middle class.

Even if it doesn’t happen this season, we expect that 11-bid mark to eventually be topped. It could also fall soon if there is moderate NCAA Tournament expansion, which could be implemented as soon as the 2026 bracket. Over the summer, The Athletic reported that the NCAA had presented proposals for both a 72- and 76-team field to DI conference commissioners. Under both proposals, the First Four would be expanded to include at least four more at-large teams.

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How much of an appetite is there to expand the 68-team field? Enough, although not to a major extent. But multiple high-major conference commissioners — including the SEC’s Greg Sankey and the ACC’s Jim Phillips — have previously expressed an interest in exploring tournament expansion. Talks remain ongoing.

10. Final Four predictions

In our staff survey, 11 teams earned Final Four votes: Gonzaga (8), Alabama (6), UConn (5), Houston (5), Kansas (5), Iowa State (4), Duke (2), Baylor (2), Arizona, Arkansas and Texas A&M.

Of those schools, five were picked as the preseason national champion at least once — but none more than Gonzaga, whom three of our experts picked to deliver Mark Few’s long-awaited first title. (The others? Alabama, Kansas, UConn and Houston.) That group makes up the clear top cluster of teams expected to compete to win it all.

11. Cheers to the schedule-makers for great opening-week games

Here are 10 of the opening-week matchups circled on our calendar, featuring 10 different ranked teams (times ET):

Monday

No. 13 Texas A&M at UCF, 7 p.m.

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Missouri at Memphis, 8 p.m.

No. 19 Texas vs. Ohio State, 10 p.m.

No. 8 Baylor at No. 6 Gonzaga, 11:30 p.m.

Friday, Nov. 8

No. 9 North Carolina at No. 1 Kansas, 7 p.m.

Saturday, Nov. 9

No. 12 Tennessee at Louisville, noon

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No. 8 Baylor vs. No. 16 Arkansas, 7:30 p.m.

Northwestern at Dayton, 7:30 p.m.

No. 11 Auburn vs. No. 4 Houston, 9:30 p.m.

Sunday, Nov. 10

Michigan vs. Wake Forest, 1 p.m.

 (Photo of UConn’s Alex Karaban: Brett Wilhelm / NCAA Photos via Getty Images)

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A Poem About Waiting, and Wishing You Had a Drink

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A Poem About Waiting, and Wishing You Had a Drink

If you ever see me at a party, I’ll most likely be standing off to the side, looking slightly lost, staring down into my glass. Perhaps you’re that way too — introverted, awkward, thirsty. Nice to meet you. And since we’re here, may I introduce you to my friend Philip? Or perhaps you’ve already met.

Philip Larkin, circa 1958.

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Rogers/Camera Press, via Redux

The posthumous publication of Larkin’s letters revealed him to be something uglier than a garden-variety curmudgeon. The private expressions of misogyny, antisemitism and xenophobia he shared with friends have dented his reputation in the years since his death.

If he hasn’t been fully canceled, it may be because his gift for self-cancellation makes such censure redundant. Larkin writes from the standpoint of someone who is out of touch, out of step and out of sorts, with himself and everyone around him. He’ll never be the life of the party, and you may wonder why anyone invited him in the first place.

Nonetheless, it’s good to see him there. For one thing, it’s nice to know that someone might be having a worse time than you are. He even has a theory about why some people have a better time than others; in fact, he’s an expert on the subject.

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Misery loves company, and this miserable chap turns out to be just the companion you’re looking for, at least until you can find another drink.

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Emma Hayes struck balance between USWNT celebration and evaluation, winning the October window

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Emma Hayes struck balance between USWNT celebration and evaluation, winning the October window

Center back Naomi Girma stole the show in Louisville as the U.S. women’s national team wrapped up the international window with its third win. But the real story of that October camp is the sheer amount of evaluation head coach Emma Hayes managed in addition to the celebratory nature of the team’s Olympics gold medal victory tour.

“I got out of it what I wanted to get out of it,” Hayes said Wednesday. “A ton of debutants, managed minutes for everyone that’s still in NWSL play, (and) a chance to develop some things that, for us, we set as targets for ourselves on the training pitch.”

Hayes has backed up everything she has said since taking over the job in May, going back to her first media appearances in New York City this spring — specifically: club form matters. While her hands were tied slightly in this window as Olympics celebrations meant she had to call up every healthy member of the squad that went to the Games in France in the summer, she used her remaining roster spots to the fullest. She also maximized rotation, not just in the starting line-ups and her substitute choices, but the 23-player game-day rosters.

All seven uncapped players on the roster, including a mid-camp addition, earned their first USWNT minutes.

Orlando Pride defender Emily Sams and Washington Spirit midfielder Hal Hershfelt were in France as alternates but did not see the field. Racing Louisville forward Emma Sears immediately impressed in her debut as only the fourth player in program history to record a goal and assist in her first cap. Bay FC defender Alyssa Malonson nabbed her first assist in her debut Wednesday against Argentina, playing provider to Girma. Paris Saint-Germain’s Eva Gaetino, Utah Royals’ Mandy Haught and Gotham FC’s Yazmeen Ryan rounded out the new kids.

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There were important returns too. Alyssa Thompson finally scored her first international goal in her return to the national team after missing out on the Olympic roster, and Ashley Sanchez and Hailie Mace picked up minutes against Argentina.

It’s hard to disagree with Hayes’ approach to club form after a successful window because she achieved all of her objectives and captured three multi-goal wins. As a bonus, she also finally saw the team down a goal, forced into mounting a comeback against Iceland in Nashville on Sunday. It was the first time the USWNT had fallen behind in a game managed by Hayes.

The challenge now is figuring out how much these matches actually matter in the long run. While the friendlies were fun to watch — no one will complain about a Girma brace either — with so much focus on rotation and evaluation, it feels more like one of the first pieces to the larger puzzle. One that won’t be completed for a few more years.

The back half of 2024 has generally felt like a period for recovery and big-picture thinking at the senior team level.

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While the next and final window of the year in late November and early December involves two high-profile European opponents on the road, the friendlies against England and the Netherlands will likely be an outlier from this period. Higher-profile opponents mean higher stakes, but it’s fair to expect Hayes to again use the full depth of her roster with an eye on evaluation and development.

Hayes has already shown she’s not afraid of big moments and prioritized using the depth of her roster to bring Jaedyn Shaw, Croix Bethune and others to their first major tournament this summer. While the starting XI against England on November 30 is sure to be the strongest possible, Hayes has another chance to ensure that players who will be crucial to the team’s success two or three years down the line experience an environment like Wembley Stadium as well.

The true sign of things to come will be January’s Futures Camp, which Hayes promised to run concurrently with the full senior team camp in Los Angeles. The USWNT hasn’t run a talent and identification camp since 2019, shortly after Vlatko Andonovski took over the team, but it was the only one to occur during his four-year tenure.

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Hayes has promised to cast a wide net, especially following semifinal appearances from the under-20 and under-17 teams in their respective World Cups this year. But for all the angst over the past few years about generational change, the runway has finally been fully cleared.

The Olympics were the most obvious symbolic gesture of the end of one USWNT era, with Alex Morgan not named to the roster. It was a surprise sunsetting of a generational player but was also a testament to the team she helped build.

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There are more options than ever before in every position. Making the U.S. roster seems harder than it’s been in the past, but doing so is also more clearly tied to form and thus more transparent than ever. Hayes has finally truly buried that “emergency surgery” line she came in with and led the team to Olympic gold, and as promised, the larger work is now underway.

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These three games provided a good start, but were just a start nonetheless.

The first 270 minutes of the cycle leading to the 2027 World Cup in Brazil and home-turf Los Angeles-hosted Olympics a year later are in the bag. There’s still so much more to come.

(Top photo: Scott Wachter / Imagn Images)

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