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Disgraced crypto mogul Sam Bankman-Fried was sentenced to 25 years in prison Thursday, but the convicted fraudster could be out in half that time.

The 32-year-old was sentenced to more than two decades in prison in Manhattan after being found guilty of stealing more than $8 billion from FTX customers.

Federal crimes are not eligible for parole, however, Bankman-Fried could shave off a considerable amount of time — perhaps as high as 40 or 50% — with good behavior and completing prison rehabilitationprograms, said Mark Bini, a veteran prosecutor turned defense lawyer at white-shoe law firm Reed Smith.

This means the fallen crypto king could serve as little as 12.5 years.

Bankman-Fried would qualify for a sentence reduction under the federal First Step Act, signed into law by President Trump in 2018, because he’s a non-violent offender and this is his first conviction.

However, if “he shoots himself in the foot as he has done in the past, he’s going to do the whole 25 years,” Bini told The Post, referring to how Bankman-Fried breached the terms of his release while on bail when he leaked the personal writings of his former lover and business associate Caroline Ellison to a New York Times reporter.

Another way the entrepreneur could have his sentence reduced is by the court for extraordinary reasons, such as medical issues, former prosecutor Jordan Estes told CNN.

“Since the pandemic, courts have been more willing to grant early release under this provision if the defendant has served a substantial portion of his or her sentence, Estes said.

US District Judge Lewis Kaplan suggested that Bankman-Fried — who is currently being held at the Metropolitan Detention Center in Brooklyn — be sentencedto serve his time in a medium-security prison near his family’s home in Northern California.

He added that the federal Bureau of Prisons could also send the convicted fraudster to “any lower security prison that they could consider appropriate” — raising the possibility that Bankman-Fried could do his time at a far more comfortable low-security prison, like Ghislane Maxwell and Todd Chrisley, rather than a medium-security one.

Judge Kaplan said Bankman-Fried should not be sent to a maximum security prison, citing the non-violent nature of his crimes.

The Bureau of Prison did not immediately respond to a request for comment. They are expected to decide where Bankman-Fried will go in the next few months.

Bankman-Fried was also ordered to pay $11 billion and forfeit assets that could be used to pay the hefty fine.

Ahead of his sentencing, the fraudster apologized before the judge for making “bad decisions” and failing “everyone I care about.”

At the end of the day, I failed everyone that I care about and everything that I care about, too, he said Thursday. A lot of people feel really let down and, Im sorry about that. Im sorry about what happened at every stage.”

His company, FTX, hit $40 billion at its peak and even had celebrities endorsing it.

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Sankey asks NCAA to rescind betting rule change

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Sankey asks NCAA to rescind betting rule change

The SEC has asked the NCAA to rescind a pending rule change that will allow athletes and athletic department staff members to bet on professional sports beginning on Nov. 1, according to a copy of a memo obtained by ESPN.

SEC commissioner Greg Sankey sent a letter to NCAA president Charlie Baker on Oct. 25, stating that during an Oct. 13 conference meeting, “The message of our Presidents and Chancellors was clear and united: this policy change represents a major step in the wrong direction.”

Last week, the NCAA’s Division I cabinet approved a rule change to allow betting on professional sports, and Division II and III management councils also signed off on it, allowing it to go into effect on Saturday. NCAA athletes are still prohibited from betting on college sports and sharing information about college sports with bettors. Betting sites also aren’t allowed to advertise or sponsor NCAA championships.

“On behalf of our universities, I write to urge action by the NCAA Division I Board of Directors to rescind this change and reaffirm the Association’s commitment to maintaining strong national standards that keep collegiate participants separated from sports wagering activity at every level,” Sankey wrote. “If there are legal or practical concerns about the prior policy, those should be addressed through careful refinement — not through wholesale removal of the guardrails that have long supported the integrity of games and the well-being of those who participate.”

If the rule goes into effect, it would mark a shift in a long-held policy that had become difficult to enforce with an increase in legal sports betting in the United States. The NCAA has faced an uptick in alleged betting violations by players in recent years. In September, the NCAA announced that a Fresno State men’s basketball player had manipulated his own performance for gambling purposes and conspired with two other players in a prop betting scheme. The NCAA is investigating 13 additional players from six schools regarding potential gambling violations dealing with integrity issues.

On Oct. 22, when the NCAA announced the adoption of the new proposal, it stated that approving the rule change “is not an endorsement of sports betting, particularly for student-athletes.”

“Our action reflects alignment across divisions while maintaining the principles that guide college sports,” said Roberta Page, director of athletics at Slippery Rock and chair of the Division II Management Council, in the NCAA’s news release. “This change recognizes the realities of today’s sports environment without compromising our commitment to protecting the integrity of college competition or the well-being of student-athletes.”

Sankey wrote that the “integrity of competition is directly threatened when anyone with insider access becomes involved in gambling.” He also said the SEC is “equally concerned about the vulnerability of our student-athletes.”

“The SEC’s Presidents and Chancellors believe the NCAA should restore its prior policy-or a modified policy-communicating a prohibition on gambling by student-athletes and athletics staff, regardless of the divisional level of their sport,” Sankey wrote. “While developing and enacting campus or conference-level policy may be considered, the NCAA’s policy has long stood as an expression of our collective integrity, and its removal sends the wrong signal at a time when the gambling industry is expanding its reach and influence.”

ESPN’s Pete Thamel contributed to this report.

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Kiffin trolls Venables over Ole-Miss-OU ‘hot take’

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Kiffin trolls Venables over Ole-Miss-OU 'hot take'

Lane Kiffin could not resist taking a shot at Brent Venables, sarcastically accusing the Oklahoma coach of a “hot take” in his evaluation of last weekend’s game against Ole Miss.

Kiffin and the seventh-ranked Rebels rallied for a 34-26 victory Saturday in Norman, Oklahoma, against Venables and the Sooners. Venables said Sunday that he thought Oklahoma was “the better team” before conceding that Ole Miss “out-executed us.”

“That’s an interesting take. That’s a hot take [that] they have the better team,” Kiffin said Monday when asked about Venables’ comments. “I wouldn’t have thought that people watching would say that.

“I felt that one, we won at their place in weather that — as a defensive head coach — you would normally wish for, and won by eight points. And I think we left a lot out there. I think we should have won by a couple of scores. So I don’t know how he evaluated that game that they were the better team.”

Kiffin cited Ole Miss’ 26-14 victory last season at home against Oklahoma before mentioning other previous games he has coached against Venables’ teams.

“Maybe they had the better team last year, too, when we beat them,” said Kiffin, who shrugged before apologizing for interrupting a reporter’s follow-up question. “Sorry … maybe he had the better team in Oklahoma, when we beat him 55-19 in the national championship — maybe.

“Maybe he had the better team at Clemson, when we beat him 45-40 in the national championship at Alabama. Next question, my bad.”

Kiffin was an assistant under Pete Carroll at USC when the Trojans beat the Sooners for the national title after the 2004 season. Venables was a defensive assistant on that Oklahoma team.

The coaches squared off again for the national championship 11 years later, when Kiffin was the offensive coordinator for the Nick Saban-coached Alabama team that beat Clemson for the NCAA title after the 2015 season. Venables was the Tigers’ defensive coordinator that year.

Kiffin’s Rebels were successful offensively Saturday against the Sooners, finishing with 431 yards of total offense against a Venables-coached team that led the nation in total defense and ranked second in scoring defense heading into the weekend.

“We had way more yards, 21 first downs to 14, and we played 87 plays of offense and they had one sack and didn’t force any turnovers,” Kiffin said. “That’s an interesting take. But whatever he needs to say.”

Ole Miss is scheduled to visit Oklahoma again next season. The Rebels (7-1, 4-1 SEC) host South Carolina in their next game Saturday, while the Sooners (6-2, 2-2) visit No. 14 Tennessee.

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$168M owed to fired FBS head football coaches

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8M owed to fired FBS head football coaches

Former LSU coach Brian Kelly’s $54 million buyout would bring the amount of money owed to FBS head football coaches fired this season to $167.7 million, according to publicly available data and reports.

Kelly’s buyout, which is still being negotiated with LSU, is the highest of the 2025 season so far, topping the $49 million owed to Penn State‘s ex-coach James Franklin, who was fired on Oct. 12.

Also included in the $167.7 million:

  • $21 million for Billy Napier, fired from Florida Oct. 19.

  • $15 million for Mike Gundy, fired from Oklahoma State Sept 23.

  • $9.8 million owned to Sam Pittman, fired from Arkansas Sept. 28.

  • $6 million for Brent Pry, fired from Virginia Tech Sept. 14.

  • $5 million for DeShaun Foster, fired from UCLA Sept. 14.

  • $4 million for Trent Bray, fired from Oregon State Oct. 12.

  • $2.4 million for Trent Dilfer, fired from UAB Oct. 12.

  • $1.5 million for Jay Norvell, fired from Colorado State Oct. 19.

Buyout totals are subject to change in certain circumstances; for example, if Kelly or Franklin land new jobs, the schools that fired them owe them less money. Napier’s contract with Florida, on the other hand, did not include offset language, and half of his buyout is owed to him within 30 days of his firing.

Kelly’s buyout is the second largest in college football history, behind Texas A&M‘s record $76 million buyout of Jimbo Fisher in 2023. Both coaches were hired by current LSU athletic director Scott Woodward, who ran the Texas A&M athletic department from 2016 to 2019.

“We had high hopes that [Kelly] would lead us to multiple SEC and national championships during his time in Baton Rouge,” Woodward said when he announced the firing, which came a day after the Tigers’ 49-25 loss to Texas A&M. “Ultimately, the success at the level that LSU demands simply did not materialize, and I made the decision to make a change after last night’s game.

The $168.1 million applies to coaches who have been fired since the start of the 2025 season and does not include coaches who were fired over the offseason.

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