MLS says no to promotion-and-relegation regime — and $4 billion, to boot

The top U.S. professional soccer league has reportedly rebuffed an overture from an international media-rights company that would have netted the league $4 billion over its 10-year term but would have forced the MLS to adopt the practice of relegating to a lower-level league its bottom finishers each season in order to promote the top performers from that lesser division.