Today in Sports: Ochocinco gets cut, Usain Bolt is a beast, and Curt Schilling is big trouble.

  • The New England Patriots released Chad Ochocinco, after unsuccessfully trying to trade him today. The 34-year-old wide receiver caught just 15 passes last year and after never really learning to fit in with quarterback Tom Brady. He's now an unrestricted free agent, but may find just one or teams interested in taking a flyer for next season. [ProFootballTalk]
  • Curt Schilling's video game company 38 Studios officially filed for bankruptcy today, after laying off its entire staff and closing its doors last month. However, federal authorities are also investigating the company for an unknown matter. The company that was found by the former Boston Red Sox Star moved from Massachusetts to Rhode Island after the state offered $75 million in loan guarantees, but the company began to struggle and failed to make its payments. Now the governor and citizens are upset that the state is likely on the hook for those loans and the company failed to produce a single marketable video game. [Chicago Sun-Times]
  • In what was likely a preview of the men's 100-meter final this summer in London, Jamaican sprinters Usain Bolt and Asafa Powell squared off in a meet in Norway. Check it out:

Bolt narrowly won, beating Powell for the tenth time in 11 meetings between the two sprinters. Powell seemed to have him early, but as Bolt usually does, he turned on the jets in the second half and cruised to the win in 9.79 seconds. Another Jamaican, Lerone Clarke, finished third. [SB Nation]

  • More than 80 different lawsuits claiming that NFL hid or downplayed information related to brain injuries have been consolidated into one master suit against the league. The move sets up a massive federal court battle between the league and dozens of its former players over what could become the most important sports issue of the next decade — can pro football survive when it does such brutal damage to the men who play it? [AP/Yahoo]
  • Maria Sharapova has regained her No. 1 world ranking after advancing to the finals of the French Open. She'll face No. 21 seed Sara Errani of Italy, who made an improbable run the championship match. Sharapova returns to the No. 1 ranking for the first time since 2008, when she suffered a shoulder injury that forced to change her swing. It's a rare feat for anyone in tennis to lose the No. 1 ranking and get it back after so much time away. A win on Saturday would also make her the tenth woman to win all four Grand Slam titles in a career. [The Telegraph]