What happened: Cleveland Browns managing and principal partners Dee and Jimmy Haslam have donated $130 million to the University of Tennessee. The contribution marks the largest single donation ever received in the university's history.

Why it matters: The Haslam family has deep ties to the university and a long history of prominent support for the institution. This philanthropic commitment provides sweeping resources for the university's future initiatives and further cements the family's legacy on campus.

What to watch: The university is expected to outline specific allocations for the historic funding across its academic and athletic programs.