According to TechCrunch, Yardbarker which is basically turning into one of the largest independent sports social networks on the internet received 6 million in funding led by Draper Fisher Jurvetson and includes investors Russ Siegelman, Ronnie Lott, Jarl Mohn, Labrador Ventures, and Baseline Ventures. 

This should give adverstisers in their network a good boost as they will probably be able to higher more sales people to sell their ads.  They have done a great job of acquiring new general blogs and athlete blogs.  They have also done a great job providing value to their blogs in the network.  It will be interesting to see if they can keep doing this once they have to worry about making a profit.