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On this episode of 3 & Out, John Middlekauff breaks down the latest changes in NFL ownership as a new wave of billionaire owners enters the league. What does the increasing value of NFL franchises mean for the future of the sport, and how could these ownership changes impact teams on and off the field?
John also reacts to Jon Gruden expressing interest in calling NFL games as a play-by-play broadcaster. Would Gruden make the transition from the sidelines to the broadcast booth, and what kind of impact could his personality and football knowledge have on a game telecast?
Plus, John shares his thoughts on Matt Miller's wild story, discussing the latest buzz surrounding one of football's most talked-about personalities and why the story has captured so much attention.
To wrap things up, it's the Middlekauff Mailbag, where John answers listener questions on the biggest topics around the NFL and offers his insight into everything from roster building to league trends.
From ownership changes and broadcasting news to behind-the-scenes stories and fan questions, it's all covered on this episode of 3 & Out.
Follow John on Twitter, and Instagram for the latest.
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"3 & Out - New NFL Billionaire Owners, Gruden’s Broadcasting Ambitions, Matt Miller’s Wild Story & Mailbag" is an episode of The Herd with Colin Cowherd. Runtime 1 hr 16 min. Published July 15, 2026. Hit play above to stream it here, or open the free Spot Sports app for background play and offline downloads.