Todays' top sports stories:

The NHL's board of governors has approved a broad realignment plan for next season that would split the league into two conferences with two divisions each. The top three teams in each division would make the playoffs, plus the two teams with the next best records in each conference, regardless of their division. [Bloomberg]

Former Kansas City quarterback Matt Cassel is heading north to Minnesota. Cassel had two years left on his $63 million deal with the Chiefs, but when the team recently acquired Alex Smith, it was time for Cassel to go. [Arrowhead Addict]

Ed Reed, the longtime Baltimore Raven considered by many to be one of the best free safeties of all time, met with the Houston Texans, who just yesterday lost their safety, Glover Quin, to the Detroit Lions. Both sides seem excited about a possible deal. [ABC]

Tennis's best rivalry over the last decade restarts Thursday night, when Roger Federer and Rafael Nadal meet in the quarterfinals of the BNP Paribas Showdown in Indian Wells, California. It's their first meeting since last year's edition of the same tournament. [USA Today]

It must be nice to the best pound-for-pound boxer in the world. Floyd "Money" Mayweather revealed that he lost an ungodly amount of money on a particularly notorious NFL game last year. [GuySpeed]