Cleveland Browns player Myles Garrett has entered another league.
According to NBC Sports, the four-time Pro-Bowler purchased minority stake in the NBA’s Cleveland Cavaliers. He becomes part of an ownership group under the leadership of the Cleveland Cavaliers Chairman and Governor Dan Gilbert.
Additionally, Garrett confirmed the news via Twitter on Oct. 25, 2023.
#LetEmKnow https://t.co/xtczqCBYC0
— Myles Garrett (@Flash_Garrett) October 25, 2023
“I have admired the Cavaliers organization’s hard work, tenacity and dedication to the community since my early days in Cleveland,” explained Garrett in a news release. “To have the opportunity to join this impressive and purpose-filled franchise, under Dan’s leadership, is truly a dream come true.”
Gilbert also shared a statement.
“As a leader on and off the field, Myles has become a Cleveland icon and shares in our organization’s commitment to being a transformative force for good across the region,” he said, according to the release. “We are honored to welcome this long-time friend of the team as our new partner and investor. Myles’ passion and commitment to the city he loves will allow us to reach new communities and continue to build the successful future of this franchise.”
The NFL reports that Garrett has been a “frequent attendee” of Cavaliers games.
What’s more, in the same report, it was stated that “Garrett has participated in some cross-promotion with the Cavs in the past, even showing up to the team’s Summer League game in 2022 in full uniform, participating in warmups with the squad and throwing down a two-handed dunk prior to the start of the game.”
Look who pulled up to #CavsSummer 👀 pic.twitter.com/zQYN0YrSVh
— Cleveland Cavaliers (@cavs) July 10, 2022
Now, Garrett has transitioned from being just a fan to taking his post as an owner and official brand ambassador for the Cavaliers.
Per the NFL, Garrett is currently under a five-year agreement with the Cleveland Browns valued at $125 million. Garrett’s contract guaranteed him $50 million at the time of signing, and $100 million in total guarantees. His contract is set to expire in 2026.