Yet another busy week in the world of sports law and business. Nike sued Reebok over the sale of Tebow jerseys, the Los Angeles Dodgers sold for a record $2.15 billion, and the Cowboys and Redskins refuse to go quietly into the night.

To keep up throughout the week be sure to follow us on Twitter.
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Nike v Reebok

Nike filed suit against Reebok to prevent Reebok’s sale of NY Jets Tebow jerseys. The right to produce NFL jerseys entails obtaining a license from both the league and the player. Reebok’s license with NFL Properties runs through March 31, 2012, but their license with NFL Players Incorporated expired on March 1, 2012. With the Tim Tebow trade going down on March 21, Tebow jerseys from Reebok are forbidden. http://sbn.to/Hmslpj

Copy of the complaint filed by Nike: http://on.wsj.com/HxRCNo.

U.S. District Court Judge Kevin Castel issued a temporary restraining order against Reebok on Wednesday. Copy of the TRO: http://t.co/K2Bc5qFg. And, the letter Reebok sent to retailers who purchased Tebow Jets gear explaining the recall http://bit.ly/H6JH7q

Sports Broadcasting

March Madness digital viewing generated $60 million in ad sales for Turner and CBS. This is nearly double the $32 million sold for the 2009 tournament, and does not include revenue from the one-time fee of $3.99 that the companies charged for March Madness Live. http://bit.ly/Hkmcyk

News Corp/Fox is taking steps to start a national U.S. sports network on cable television aimed at challenging ESPN. http://bloom.bg/H2wYJW 

The UFC is one of many entities attempting to curtail pirated live-video feeds on the internet. Here is an update on their battle with Justin.tv: http://bit.ly/H77ZjU

Redskins and Cowboys Salary Cap Penalties

The Redskins and Cowboys filed a complaint over their salary cap penalties http://bit.ly/GQrf3g The NFL released a statement confirming that the arbitration will be heard by Professor Stephen Burbank. http://cbsloc.al/GW7ivz

Warren Zola provides a detailed time line of the events in the Redskins/Cowboys salary cap case. http://bit.ly/GUaOs8

NCAA

Joe Nocera keeps on rolling. Here is his latest, "Standing Up to the N.C.A.A." http://nyti.ms/GY8xs9 

Do college athletes deserve union status? http://bit.ly/GTrivb

A review of the sanctions handed down against UNC and what it may mean for the University of Miami. http://bit.ly/GSv7DG

The NFL players’ union has voted to repeal the “junior rule” which prohibited certified agents from having contact with college players until the student-athletes have been out of high school for three years. http://wapo.st/H7bZiE

Social Media

Michigan State AD tweets Michigan point guard. NCAA violation? http://es.pn/H0wCO0

Other

Dodgers sold for a record $2.15 billion http://lat.ms/GXRWVP

Lack of collective bargaining agreement, differences in state law lead to UFC drug testing that varies by state. http://yhoo.it/H3BnYH 

Add Mark Rypien to the list of former players suing the NFL over concussions. http://bit.ly/GTMh1O

Could the NHL be headed for another lockout? http://bit.ly/GRG4qn