Gay no longer a slanderous term
 

As Society has evolved and generally accepted gay, US Courts are more often ruling that calling someone "gay" is not slanderous speech. Recent Court decisions in Boston and New York as well as other districts have determined that the term "gay" no longer is a social stigma and therefore use of it against another person does not show an intent to slander. Some gay activists regard this as an improvement in social acceptance.

For additional details, read:
The Associated Press: Some courts are ruling 'gay' is not slanderous

And yet you are upset that someone called cricket a 'gay' sport.

Yes, calling a sport or any other activity "gay" to demean it, demeans being gay. While Jason Alexander's comments were insensitive, I did not consider them slanderous.