40/40 in Las Vegas could expand.

Rap superstar Jay-Z’s Las Vegas 40/40 Club is rumored to be at the center of talks with the Las Vegas Sands Corp. for a possible buy-in. The 40/40 Club could bring Jigga even more millions if a 50 percent stake in the company is sold. The Sands agreement would reportedly let the casino corporation open 40/40 Clubs in Europe and also expand the U.S. nightspot.

Lil’ Wayne to return his ring.

Lil’ Wayne has come to terms with a New Orleans jeweler who says the rapper snagged a $138,000 diamond ring and a $32,000 necklace – but only paid $24,000 for the bling. Weezy, who was sued by the jeweler, has reportedly agreed to return the ring and pay an agreed-upon balance to settle the debt. The sale took place last October. The jeweler’s lawsuit was filed this year.

Golf star gains Forbes magazine’s No. 1 rank.

Golf star Tiger Woods tops all takers in earnings from June 1, 2007 to June 1, 2008, according to Forbes magazine. Woods pulled down $115 million in competition earnings and endorsements, making him the top-paid pro player in the world. Others making the men’s top-earner list include retired NBA star Michael Jordan, who heads the Charlotte Bobcats, banked $45 million over 12 months, still snatching checks from his Nike brand endorsements. Male athletes out-earned female athletes by a collective $483 million compared with the women’s $118 million, according to Forbes.

Opening Olympics ceremonies begin today. It’s not only D. Wade, Kobe and King James who’ll hold court at the Beijing Olympics, which host opening ceremonies today. Elite Black athletes will compete in sports as diverse as track and swimming. The Williams family’s presence will be felt in women’s tennis, as Black stars appear among 11,000 athletes from 205 nations. You can follow BET.com to see who’s a contender and who brings home the gold.

Expansion team’s choice appears to be Thunder. The former Seattle Supersonics has apparently become the Oklahoma Thunder. But the new franchise’s name appeared on the Web without an official NBA announcement. Not long after the “Thunder” leak surfaced, the nickname was removed from the league’s site. Last month, the NBA had included Thunder among its potential choices after the city of Seattle let the team go to Oklahoma over complications with an arena lease.