Basin Energy (BSN:AU) has announced Queensland Uranium and Rare Earth Acquisition Completed
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Quimbaya Gold Inc. (‘Quimbaya’ or the ‘Company’) (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) is pleased to announce that it has entered into an agreement with Stifel Canada to act as sole underwriter and bookrunner (the ‘Underwriter’), in connection with a ‘bought deal’ private placement of 14,300,000 units of the Company (the ‘LIFE Units’) at a price of C$0.70 per LIFE Unit (the ‘Offering Price’) for aggregate gross proceeds of C$10,010,000 (the ‘Offering’), with the LIFE Units to be issued pursuant to the Listed Issuer Financing Exemption (as defined below).
The Company has granted to the Underwriter an option, exercisable up to 48 hours prior to the closing date, to purchase for resale up to an additional 15% of LIFE Units at the Offering Price for additional gross proceeds of up to C$1,501,500.
Each LIFE Unit will consist of one common share (a ‘Common Share‘) and one-half (½) of one Common Share purchase warrant (each whole warrant, a ‘Warrant‘) of the Company. Each Warrant will be exercisable to acquire one Common Share for a period of 36 months following the closing date of the Offering at an exercise price of C$1.00 per common share.
The net proceeds from the Offering are expected to be used to advance the Company’s exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), the LIFE Units will be offered for sale to purchasers resident in Canada other than Quebec and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the ‘Listed Issuer Financing Exemption‘). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the LIFE Units issued pursuant to the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document related to the Offering that can be accessed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at quimbayagold.com. Prospective investors should read the offering document before making an investment decision.
The Offering is scheduled to close on or about November 4, 2025 (the ‘Closing Date‘) and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the Canadian Securities Exchange.
The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, ‘U.S. Persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
About Quimbaya
Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.
Quimbaya Gold Inc.
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Cautionary Statements
Certain statements contained in this press release constitute ‘forward-looking information’ as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. Generally, but not always, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’, ‘expects’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. Forward-looking statements herein include statements and information regarding the closing of the Offering, Offering’s intended use of proceeds, any exercise of Warrants, the future plans for the Company, including any expectations of growth or market momentum, future expectations for the gold sector generally, the Colombian gold sector more particularly, or how global or local market trends may affect the Company, intended exploration on any of the Company’s properties and any results thereof, the strength of the Company’s mineral property portfolio, the potential discovery and potential size of the discovery of minerals on any property of the Company’s, including Tahami South, the aims and goals of the Company, and other forward-looking information. Forward-looking information by its nature is based on assumptions and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to, that the Company’s exploration and other activities will proceed as expected. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Offering proceeds being received as anticipated; all requisite regulatory and stock exchange approvals for the Offering are obtained in a timely fashion; investor participation in the Offering; and the Company’s ability to comply with environmental, health and safety laws. Although Quimbaya’s management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.
SOURCE Quimbaya Gold Inc.
View original content: http://www.newswire.ca/en/releases/archive/October2025/23/c7762.html
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Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to announce that it will be attending and presenting at the 51st Annual New Orleans Investment Conference, taking place November 2–5, 2025 at the Hilton New Orleans Riverside.
Niel Marotta, CEO and Director, will host a Sunrise Session presentation on Tuesday, November 4 at 7:15 AM (Churchill B2), where he will share updates on the Company’s flagship JD Project in British Columbia’s Toodoggone District, following the completion of a successful 2025 exploration season.
Space is limited. Investors are invited to RSVP by October 31 to info@sunsummitminerals.com, and to visit Sun Summit at Booth #229 throughout the conference.
The New Orleans Investment Conference brings together leading analysts, newsletter writers, and investors to discuss emerging opportunities across all major asset classes. Register today at https://neworleansconference.com/online-registration/.
About the JD Project
The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold’s Lawyers and Ranch projects, TDG Gold’s Baker-Shasta projects, Amarc Resource’s AuRORA project, Centerra’s Gold’s Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.
The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.
The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.
About Sun Summit
Sun Summit Minerals (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district-scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes its flagship JD Project and the nearby Theory Project in the Toodoggone region of north-central B.C., as well as the Buck Project in central B.C.
Further details are available at www.sunsummitminerals.com.
On behalf of the board of directors
Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com
For further information, contact:
Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that are not historical in nature may be ‘forward-looking information’ within the meaning of applicable Canadian securities legislation (‘forward-looking statements ‘), which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements, by their nature, require Sun Summit to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Forward-looking statements are not guarantees of performance. Words such as ‘may’, ‘will’, ‘would’, ‘could’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘intend’, ‘estimate’, ‘continue’, ‘objective’, ‘strategy’, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward-looking statements. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including the assumptions, qualifications, limitations or statements relating to the pending results of the drill holes, the success of the exploration program, the impressive results of the drill campaign, the ability of exploration activities (including drilling) to accurately predict mineralization, future drill programs and high-priority targets, our timing and ability to receive assay results, the reliability of historical information that cannot be independently verified by Sun Summit, interests in the JD Project, errors in geological modelling, and the adjacent properties having any significance to the projects in which Sun Summit has an interest. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the Company’s ability to obtain assay results for the completed drill program; the anticipated results varying from current indications, including the already released drill results; risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. Accordingly, readers should not place undue reliance on the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof or the dates specifically referenced in this news release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271649
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A group that includes activist investor Jana Partners and NFL player Travis Kelce says it has accumulated one of the largest ownership stakes in Six Flags Entertainment and intends to press the company’s leadership on ways to improve the struggling amusement park operator’s business.
Jana said Tuesday that the investor group now owns an economic interest of approximately 9% in Six Flags. The group plans to ‘engage’ with Six Flags’ management and board of directors to discuss ways to enhance shareholder value and improve visitors’ experience.
Shares in the Charlotte, North Carolina-based Six Flags surged 17.7% on the news. The shares added another 5.1% gain in after-hours trading. Even with Tuesday’s rally, the company’s shares are down about 47% so far this year.
Six Flags reported a loss of $319.4 million for the first half of the year. The company said attendance fell 9% in the three months that ended June 29, due partly to bad weather and a ‘challenged consumer’ in most of the markets it operates in.
The investor group also includes consumer executive Glenn Murphy and technology executive Dave Habiger.
Kelce, tight end for the Kansas City Chiefs, said in a statement that he grew up going to Six Flags amusement parks.
‘The chance to help make Six Flags special for the next generation is one I couldn’t pass up,’ he said.
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The American cattle ranching industry is blasting President Donald Trump’s proposal to purchase beef from Argentina in an effort to lower supermarket beef prices.
“This plan only creates chaos at a critical time of the year for American cattle producers, while doing nothing to lower grocery store prices,” Colin Woodall, CEO of the National Cattlemen’s Beef Association, said in a statement Monday.
Wyoming-based cattle operation Meriwether Farms addressed Trump directly in a social media post Monday.
“We love you and support you — but your suggestion to buy beef from Argentina to stabilize beef prices would be an absolute betrayal to the American cattle rancher,” the farm wrote on X.
By midday Tuesday, the post had already received 4 million views. A representative for Meriwether Farms did not immediately respond to a request for comment.
Trump floated purchasing beef from the South American nation Sunday aboard Air Force One to push down U.S. beef prices by increasing the overall supply.
‘We would buy some beef from Argentina,’ he told reporters, ‘If we do that, that will bring our beef prices down.’
Beef prices have hit record highs this year, according to data from the Bureau of Labor Statistics, fueled in part by depleted herd counts and steady demand from U.S. consumers.
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San Antonio Spurs star Victor Wembanyama wasn’t willing to take a backseat to anyone on Tuesday night, including new in-state rival Cooper Flagg of the Dallas Mavericks.
The Spurs overwhelmed the Mavericks in a 125-92 victory on the road to open the season on Wednesday night.
It was Wembanyama’s first regular-season game since he had his 2024-25 season cut short due to deep vein thrombosis.
Wembanyama produced an incredible double-double in the outing with 40 points and 15 rebounds.
Flagg, the 2025 No. 1 overall pick, has a lot of hype behind him, but he struggled to find his way in the first half. He was held scoreless before halftime before scoring his first career points in the third quarter.
The rookie managed to pick things up down the stretch and finished with a double-double performance.
Here’s how the biggest game in Texas played out on Wednesday night.
Spurs vs. Mavericks highlights
Final: Spurs 125, Mavericks 92
Victor Wembanyama and Stephon Castle push the Spurs past the Mavericks for a road win to start the season.
Castle added 22 points, seven rebounds and six assists in 29 minutes of play. Devin Vassell added 13 points. Anthony Davis led the Mavericks with 22 points in the loss.
Victor Wembanyama scores 40 points
Wembanyama produced a double-double with 40 points and 15 rebounds in 30 minutes of play. He shot 15-of-21 from the field.
3Q: Spurs 93, Mavericks 72
Victor Wembanyama scored 10 points in the quarter to continue pushing San Antonio past the in-state rival Mavericks.
Wembanyama has produced a double-double performance with 10 of 11 rebounds coming on defense. Stephon Castle added 18 points, six rebounds and six assists for the Spurs through three quarters.
The Mavericks have struggled to keep up with the Spurs, being outscored 33-21 in the quarter.
Cooper Flagg scores first points
Cooper Flagg had a slow start in the first half of his regular-season debut. After going scoreless through the first two quarters, he scored his first points early in the third quarter.
He’s now 1-of-3 from the field.
Halftime: Spurs 60, Mavericks 51
The Spurs finish the second quarter on a 15-3 scoring run.
Victor Wembanyama had 21 points and seven of his eight rebounds on defense in the first half for the Spurs. Stephon Castle added 13 points, four assists and four rebounds.
Anthony Davis scored a team-high 12 points in the first half for the Mavericks, with 10 coming in the first quarter. He also had 10 rebounds for a double-double.
P.J. Washington added 10 points after shooting 4-for-5 from the field.
1Q: Mavericks 29, Spurs 28
Anthony Davis had 10 points and five rebounds for the Mavericks in the first quarter. Cooper Flagg did not score in the first quarter after shooting 0-for-2 from the field.
Victor Wembanyama scored 11 points in the opening quarter, shooting 4-for-5 from the field. He also went 3-for-4 from the free-throw line.
Spurs lead Mavericks early
The Spurs put together a 10-0 scoring run to lead the Mavericks 14-8 with 7:29 left in the first quarter.
How to watch Spurs at Mavericks
- Date: Wednesday, Oct. 22
- Time: 9:30 p.m. ET/8:30 p.m. CT
- Where: American Airlines Center in Dallas
- TV: ESPN
- Stream: Fubo
Stream Cooper Flagg’s NBA debut with Fubo
Dallas Mavericks starting lineup vs. Spurs
Rookie Cooper Flagg will start for the Mavericks tonight against the San Antonio Spurs.
Flagg is the youngest player in the NBA at 18 years, 10 months and a day old.
Klay Thompson, P.J. Washington, Anthony Davis and Dereck Lively II will join the No. 1 overall pick in the starting lineup tonight.
San Antonio Spurs starting lineup vs. Mavericks
Forward Victor Wembanyama will headline the Spurs’ starting lineup.
Guard Stephon Castle, forward Harrison Barnes, forward Julian Champagnie and guard Devin Vassell will join Wembanyama in the lineup.
Spurs at Mavericks odds
*All odds via BetMGM
- Spread: Mavericks (-2.5)
- Moneyline: Mavericks (-145); Spurs (+118)
- Over/Under: 226.5
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You can add Bill Self to the list of prominent, old-school college basketball coaches who have an issue with the direction college basketball is going with its updated eligibility guidelines from the NCAA.
Speaking at Big 12 basketball media days in Kansas City on Wednesday, Oct. 22, the Kansas basketball coach offered his thoughts on the NCAA allowing NBA G League players to be in the transfer portal and apply for eligibility in college basketball.
‘Who knows, we may be recruiting one when it is all said and done. I got to know the rule because I didn’t know it was just limited to the G-League. I thought a guy could be cut in the NBA and be eligible for college,’ Self said. ‘My personal opinion is, I have no idea what we’re doing.’
Self’s comments comes less than two days after Pat Kelsey and Louisville, which hosts Kansas for an exhibition at KFC Yum! Center in Louisville on Friday, landed the commitment of three-year G-League guard London Johnson. The former four-star recruit is the second player from the G-League, which serves as the NBA’s developmental league, to make the move to the college ranks. The other was Thierry Darlan, who committed to Santa Clara, as noted by USA TODAY.
He is one of three high-profile Power Four college basketball coaches in the last 24 hours to comment on Louisville landing Johnson from the G-League and the direction the sport is shifting to, with the others being Michigan State’s Tom Izzo and Houston’s Kelvin Sampson.
Self, the two-time Associated Press Coach of the Year, went on to tell reporters that he isn’t well-versed with the rule, but it could be consequential for teams down the road.
‘We are going to call NBA teams, G-League teams to find out who (might) potentially be available and that is who we are going to recruit now compared to high school kids or portal kids. And what is the actual rule? Does it have to fit within a five-year window? Can he go to college first? I don’t really understand it well enough to comment too much, other than why wouldn’t everybody declare for the draft if it doesn’t work out and (you can) go back to college?
‘If it is the way that I think it is, which it may not be because I don’t understand it well enough yet, it is going to open up some unintended consequences that we’re going to have to deal with for sure.’
Self is set to open up his 23rd season at Kansas, which was picked to finish No. 6 in the Big 12 preseason poll, against Green Bay on Monday, Nov. 3 at 8 p.m. ET inside Allen Fieldhouse in Lawrence, Kansas.
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The USA TODAY Sports men’s basketball preseason coaches poll is out, as the top title contenders for the 2025-26 season have been identified.
Of course, the preseason poll is all about projections. It is comprised of who the nation’s coaches believe have a good chance of cutting down the nets at the Final Four in Indianapolis in April.
For as much stock as we buy into it before the ball is tipped, we must be just as cautious. After all, it was just three years ago when Connecticut was just outside of the Top 25 to start the 2022-23 season. Five months later, the Huskies were national champions. This year it is Purdue at No. 1 to start the season.
OUTLOOKS: Previewing each team in the preseason Top 25 rankings
While we debate who is ranked too high or too low, you can’t forget about those flying under the radar. There are several teams that were left out of the preseason poll that could not only find themselves ranked as play begins, but making deep runs in the tournament. A look at our five biggest snubs from the preseason rankings.
North Carolina State
Will Wade arrives fresh off his stellar run at McNeese State and looking like he can carry the success over to the Wolfpack. He went to the portal and found proven stars, headlined by Darrion Williams (Texas Tech). Williams, the ACC preseason player of the year, has All-America potential as a consistent double-figure scorer. He is joined by Tre Holloman (Michigan State), who can flourish in an elevated roll leading the back court. With the ACC remaining pretty open outside of Duke and Louisville, North Carolina State can very much find itself winning 20 games and returning to the big dance.
Oregon
Last season was a roller coaster for the Ducks, but it can be much more steady for Dana Altman’s club in a crowded Big Ten. Oregon returns one of the best tandems in the country with Jackson Shelstad and Nate Bittle, who combined for 27.9 points per game. Shelstad is expected to miss the first couple of weeks due to a broken right hand, but that could offer the opportunity for Oregon to showcase one of the most intriguing offseason additions in Wei Lin. The Chinese guard was ruled eligible and is coming off a season playing professionally in the Chinese Basketball Association, where he averaged 21 points and five assists per game.
San Diego State
No team from the Mountain West cracks the Top 25, and San Diego State may take it personal as a team that has made the tournament for five consecutive seasons. The Aztecs appear primed for another appearance. Magoon Gwath, the conference’s freshman of the year, decided to stay put. Gwath (8.5 ppg, 5.2 rpg) is expected to be a bigger role. San Diego State also boasts one of the best back courts in the Mountain West with Miles Byrd (12.3 ppg) being joined by transfer Latrell Davis (San Jose State). Also added to the group is Reese Dixon-Waters, who missed all of last season with a foot injury and improves San Diego State’s scoring options.
Iowa
Ben McCollum brings his tradition of winning to Iowa City in hopes of revitalizing the Hawkeyes. He doesn’t come from Drake by himself. He brings five of his former players into the fold. Three of them were major contributors, including reigning Missouri Valley Conference player of the year Bennett Stirtz, one of the top transfers. Also joining is reigning Horizon League player of the year Alvaro Folgueiras (Robert Morris). The offense should be solid but the key will be if McCollum can replicate the defensive success he had last season that helped Drake reach the second round of the tournament.
Southern California
Eric Musselman is putting a ton of effort in making men’s basketball significant at USC, and his second year should see big gains. While he lost leading scorer Desmond Claude, Musselman made a major splash in the portal in luring Chad Baker-Mazara to Los Angeles after Auburn reached the Final Four. Also arriving is Rodney Rice (Maryland), who has a chance to break out in an elevated role after showing glimpses last season. One setback is an injury to five-star freshman Alijah Arenas. He is expected to miss the season with a knee injury.
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There are folks in these jobs who will take chances, some who will take considerable risk – and then there’s Buster Posey.
Posey, the San Francisco Giants president of baseball operations, just established himself as the biggest gunslinger in the business with a massive gamble hiring Tennessee baseball coach Tony Vitello.
Yes, Vitello, the same guy who has never played a day professionally, never managed a day professionally, is now in charge of taking the San Francisco Giants to the promised land.
Vitello, 47, becomes the first person to ever jump straight from the college ranks to become a Major League manager, signing a five-year contract.
It has all of the makings of an unmitigated disaster, but Posey didn’t budge.
Posey had a chance to bring back future Hall of Famer Bruce Bochy.
He could have tried to convince future Hall of Famer Dusty Baker to come for one last ride.
He could have reached out and tried to hire Skip Schumaker, who was the top choice of virtually everyone, including the Baltimore Orioles who wined and dined him before he was hired by the Texas Rangers.
Instead, he’s going with one of the most successful collegiate coaches in recent years, betting that his team mixed full of veteran All-Stars and young kids – with plenty of egos – will actually pay attention to him and give him respect.
Good luck!
Posey, of course, took a leap of faith in his personal life by leaving the relaxing confines of home in Georgia to move to San Francisco, become part owner of the Giants, and then the president of baseball operations.
He went out and dumped $182 million on free agent shortstop Willy Adames.
He drove to third baseman Matt Chapman’s home before he could hit free agency again, signing him to a six-year, $151 million contract extension.
And, of course, he traded for Boston Red Sox infielder Rafael Devers, assuming $255 million.
Now just a month after firing veteran manager Bob Melvin, weeks after telling Bochy he was not wanted, he turns to a guy who has zero experience at the professional level.
The Giants originally were expected to hire Nick Hundley, a special assistant with the San Diego Padres, but when he withdrew his name from consideration, Posey pivoted to Vitello and wouldn’t take no for an answer.
Certainly, Vitello is taking a risk, too. The dude was earning more than $3 million annually with salary and benefits at Tennessee through 2029.
There’s also a $3 million buyout that must paid to Tennessee. While the Giants still owe $4 million to Melvin for 2026.
Still, Posey is convinced Vitello is the right guy after developing 10 first-round picks in eight seasons at Tennessee, including Boston Red Sox ace Garrett Crochet, Los Angeles Angels reliever Ben Joyce and Giants infielder Gavin Kilen. The Giants are filled with former players from Tennessee including outfielder Drew Gilbert, shortstop Maui Ahuna and pitcher Blade Tidwell. He also coached Toronto Blue Jays starter Max Scherzer at Missouri.
Now, he’s going where no man has gone before, straight from college to an MLB dugout as manager. The closest to make this jump was former Arizona State coach Bobby Winkles, who spent one year on the California Angels coaching staff become becoming their manager.
Will it work?
Scherzer believes Vitello he has the right temperament and will instantly infuse energy into the Giants. Gilbert can’t stop gushing over him.
And Posey is betting his job on him.
If it backfires, as several MLB executives and scouts already are predicting, it could end up costing Posey his job.
It’s one thing to take a chance that could damage a team’s chances for the postseason, it’s quite another to bet your job and reputation on it.
There’s a new gunslinging executive in MLB, a moniker last bestowed upon the great, late Kevin Towers, who was GM of the San Diego Padres and Arizona Diamondbacks.
His name is Buster Posey.
And this one is a doozy.
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This story has been updated to include new information.
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Kawhi Leonard and the Los Angeles Clippers open the season Wednesday night against the Utah Jazz, but a cloud still hangs over LA’s head regarding an ongoing NBA investigation.
Leonard and team owner Steve Ballmer are at the forefront of the investigation into whether the team allegedly helped facilitate a $28 million “no-show” endorsement deal for Leonard with a now-bankrupt sustainability company called Aspiration.
Aspiration, a green bank, was founded by Joe Sanberg and Andrei Cherny. Ballmer was an investor in the company.
The Clippers and Aspiration struck a $300 million sponsorship deal in 2021 that was vetted and approved by the league, according to ESPN.
It was some time after that sponsorship deal that the company reached a deal with Leonard.
The company declared bankruptcy in March.
What are the latest developments?
He had previously agreed to plead guilty to his role in a scheme that defrauded investors out of $248 million.
Kawhi Leonard addresses investigation
Leonard denied any wrongdoing during the team’s media day on Sept. 29, when he made his first public comments since the league opened the investigation.
“There’s no wrongdoing there,” Leonard said. “We’re just going to keep going as any other season. My name might pop up, but it is what it is. I’ve been through times like this before.”
The two-time NBA Finals MVP compared the investigation to more adversity in his career, including last year when his house and community caught fire during the L.A. wildfires.
Ballmer has not spoken publicly since Sept. 4, when he addressed the reports and allegations when they first surfaced.
Has the investigation impacted the team?
The Clippers players remain united and focused on the season ahead.
The team has been seen on social media participating in several team-bonding activities.
Leonard, James Harden and several members of the Clippers were seen in a post on social media painting walls and furniture that will be placed in homes across Los Angeles and the San Gabriel Valley.
The team also got together for the Los Angeles Rams’ game against the San Francisco 49ers on ‘Thursday Night Football’ earlier this month.
Will Clippers lose NBA All-Star Game?
The Clippers are still expected to host the All-Star Game at the Intuit Dome in February 2026.
NBA commissioner Adam Silver stated that there’s ‘no contemplation’ of moving the game while the investigation is taking place, according to the Associated Press.
USA TODAY’s Lorenzo Reyes contributed to this story
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