On this day in 1976, Apple co-founder Ronald Wayne sold his 10% stake for $2,300

On April 12th, 1976, one of three co-founders of Apple Computer sold his 10% stake in the company for $2,300. Ronald Wayne says he made the “best decision with the information available to me at the time” when he chose to sell his shares in the emerging technology firm. Unlike counterparts Steve Jobs and Steve Wozniak, Wayne had capital on the line and stood to lose his assets if Apple went under. Had he retained his full stake in Apple to this day, it would currently be worth nearly $60 billion. Wayne went on to enjoy a long career as an engineer with the Lawrence Livermore National Laboratory and other firms, Wired reports, and he later opened a stamp shop before retiring

Brees: Saints will thrive in wake of bounty system

Drew Brees is sticking up for the Saints and said they'll continue to thrive despite coach Sean Payton's season-long suspension for his role in New Orleans' bounty system.

Panthers' Smith agrees to three-year extension

(Reuters) - Steve Smith, the Carolina Panthers' all-time leader in receptions and receiving yards, agreed to a three-year contract extension, the National Football League team said on Tuesday. Benefitting from the passing of rookie quarterback Cam Newton, the 32-year-old All-Pro receiver caught 79 passes for 1,394 yards and seven touchdowns last season. The 32-year-old now has 699 career receptions for 10,278 yards and 67 total touchdowns, 59 of them receiving. (Reporting by Gene Cherry in Salvo, North Carolina; Editing by Frank Pingue)

Unlike NFL lockout, NBA's truly jeopardizes season (AP)

AP - Minnesota Timberwolves forward Anthony Tolliver was watching back in March, when pro football players such as Tom Brady and Drew Brees announced they were disbanding their union and suing the NFL under antitrust law.

Unlike NFL lockout, NBA's truly jeopardizes season (AP)

AP - The NBA's lockout came swiftly on the heels of the NFL's, and there's one significant difference: Pro football lost one exhibition game. The NBA will have a shortened regular season — if one is played at all.