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LeBron James’ business partner and Klutch Sports Group Founder Maverick Carter is looking to own an international league. Since 2006, Carter has been working alongside James within the business world. The pair had been playing basketball together in high school, and Carter was a trusted figure in James’ life. For that reason he was tapped by the NBA superstar to assist him on the business side as his sports career was taking off. “He betted on me at a time I didn’t know what I was doing,” Carter recalled during an interview on the “ UNINTERRUPTED” podcast . “And, you know, I’m still learning every day. But he really gave me a shot and was like, ‘I’m gonna empower you.'” Since that time, Carter has been a pivotal player in James’ journey to becoming a billion-dollar athlete today. Carter has served as his manager , and they have launched several business together, including SpringHill Entertainment, which merged with British television, film, and music production company Fulwell 73...
Kevin Garnett broke away from the status quo with his financial decisions during his first decade in the NBA, opting for an unconventional approach that set him apart from his peers. The South Carolina native was drafted into the NBA in 1995 as the fifth overall pick by the Minnesota Timberwolves, notes ESPN. The power forward signed a three-year rookie contract worth $5,397,120, according to Sportico. He remained with the team for 13 years before being traded to the Boston Celtics. For the majority of his time with the Minnesota Timberwolves, Garnett had an unconventional way of keeping track of his paychecks, which he attributes to a lack of financial literacy. “I was kind of raised with a certain pedigree and mindset so I wasn’t introduced to wires or just fintech. I wasn’t financially savvy. I didn’t know about direct deposit. I didn’t know none of this,” Garnett admitted during an interview on “Jimmy Kimmel Live.” Garnett opted to cash his earnings and store it under his...
A Memphis, TN, restaurant owes NBA star Ja Morant a significant sum of money. Commercial Appeal reports that the Memphis Grizzlies point guard became a brand ambassador for The Wing Guru chain of restaurants in 2022, announcing the partnership via X (formerly Twitter) on March 17, 2022. “Honored to be a Brand Ambassador for @TheWingGuru. I always choose the Guru when I get wings #TheWingGuru #BrandAmbassador #GuruGang,” he wrote on X. The agreement between both parties permitted the restaurant to use Morant’s image for advertising in exchange for a payment of $6,250 a month, adding up to about $75,000 per year. However, according to Commercial Appeal, Morant’s attorneys allege that he had not received any payments starting approximately four months after the contract signing, though the company continued to profit off his likeness in locations such as Nashville, TN; Houston, TX; and Dallas, TX. Morant’s attorneys had sent a letter by November 2022 and requested for “the company to...
Derrick Rose is truly living up to his name. The former NBA point guard is hosting a pop-up flower shop in Chicago, IL, on Thursday, Jan. 2, 2025. Rose’s Flower Shop will be open for “one day only,” from noon until 4 p.m., according to the Memphis Commercial Appeal. “Welcome to Rose’s, the No. 1 flower shop in Chicago . How can I help you?” Rose teased in an Instagram reel announcing his venture. “A dozen roses? Coming right up. … We’re open for business. We can do that. We got you. It’s on the house. We appreciate your business.” View this post on Instagram A post shared by Derrick Rose (@drose) Rose, a Chicago native, began his NBA career with the Bulls , where he was the No. 1 overall pick in the 2008 Draft. He made history as the youngest MVP in NBA history, winning the award in 2011 at 22 and 6 months old, the Commercial Appeal reported. While Rose is giving the community their flowers in the city where it all started, the Bulls are honoring him in return. The Bulls shared...
Vince Carter says he leaned on fellow NBA player Grant Hill when he was pursuing team ownership. As AFROTECH™ previously told you, Hill is the owner of several teams. He has a minority stake in the Atlanta Hawks (NBA), Orlando City (Soccer Club), Orlando Pride ( National Women’s Soccer League) , and Baltimore Orioles ( MLB) . Therefore, when it came time for Carter to act on his desire for team ownership, Hill was top of mind. “Grant’s been in a situation where he’s a good friend for a long time and right there in Atlanta (GA). So, my neighbor, ” Carter told Front Office Sports. “He was, in that entire process, somebody that I leaned on, that we talked to because he’s good friends with T-Mac (Tracy McGrady) as well. So we talked to him from the beginning of this process on what we were looking for, what they were looking for, how to go about it and just kind of just listening. He’s like that big brother that I’ve been through a lot with. What better guy than him to ask?” In December...
The future is bright for top high school prospect Anicet “AJ” Dybantsa Jr. The No. 1 recruit in the class of 2025, AJ Dybantsa has already caught the attention of NBA great Kevin Durant , who is impressed by his skill set and has no doubt he will one day be drafted into the NBA. “I got to know him two summers ago between his sophomore and junior year in high school. He came to work out with us. I was impressed by his size and fluidity as a player, his ballhandling. He was shooting jump shots well. He’s got the body type to become a pro in this league for 20 years. It is good to be around him. He has a lot of energy, too,” Durant told Andscape. While there appears to be a foreseeable path towards the pros, Dybantsa will first be taking his talents to college. According to The Athletic, he has committed to Brigham Young University (BYU) located in Provo, UT. He also is the school’s first 5-star recruit, notes KUTV 2 News in Salt Lake City. View this post on Instagram A post shared by...
NBA star Jimmy Butler has brewed his love for coffee into a storefront in Miami, FL’s Design District. After teasing the concept for some time, the Miami Heat star officially opened his first BigFace Coffee shop on Dec. 5, 2024, according to Axios. The café boasts a chic interior design, a selection of merchandise including hats and jerseys, and an outdoor courtyard featuring ample seating. “This is a dream of mine,” Butler said at the grand opening, CBS News reported . “I get to come in here, chill out, meet people, vibe out, and become friends. Coffee is life. It’s how I start my mornings, watching my daughter play while I enjoy a cappuccino. For me, that’s the quintessential coffee experience.” View this post on Instagram A post shared by La Marzocco USA (@lamarzocco.usa) Besides Butler, other basketball figures at the grand opening included Carmelo Anthony , Heat center Kevin Love, and former NBA guard Brandon Jennings, according to Axios. DJ Khaled and French footballer...
Damian Lillard just received back-to-back victories. The eight-time All-Star is currently on the roster of the Milwaukee Bucks following a three-team trade in November 2023, a news release mentioned. It has not taken long for the team to reach a major milestone. On Tuesday, Dec. 17, 2024, the Milwaukee Bucks were announced as champions over the Oklahoma City Thunder in the annual in-season NBA Cup, which is in its second year. What’s more, players on the team with standard contracts will be awarded $514,971 each for the victory, notes WGN-9 TV. “I’ve had a lot of experience individually where I’ve had accomplishments and stuff,” Lillard said, according to AP News. “But to have some team success and win something and be the last team standing in this tournament, it feels great.” Giannis Antetokounmpo, power forward and teammate, commented: “I’m so happy for Dame that we got our first trophy together. This is just the beginning. We have to keep on improving and getting better, and we...
Stephen Curry stands by his decision to choose Under Armour over Nike. In 2013, in what was arguably the fumble of that decade for Nike, the shoe brand conducted a pitch meeting with the Golden State Warriors point guard. He had been signed to the company since being drafted to the NBA in 2009, according to Basketball Network. Sports Illustrated notes Curry began setting up meetings with leading shoe companies, and the new Under Armour ultimately came out on top. Under Armour offered a $4 million annual contract that included the promise of a signature shoe and the chance for him to become a key figure for the brand. Nike’s offer was $2.5 million without the additional perks, and the meeting reportedly didn’t go so well. A representative was said to have mispronounced Curry’s first name, calling him “Steph-on” instead of “Steph-en,” and a slide presentation allegedly had Kevin Durant’s name on it and not Curry’s. With Curry choosing Under Armour, the deal kicked into gear in 2013....
Jerseys worn by LeBron James and his son Bronny performed exceptionally well at auction. On June 27, 2024, Bronny James made headlines when he joined the Los Angeles Lakers, selected as the 55th overall pick in the second round of the NBA Draft, notes USC Athletics. Shortly after, he signed a four-year rookie contract worth $7.9 million guaranteed, per ESPN. This historic move placed Bronny on the same team as his legendary father, LeBron. “Bronny is, first and foremost, a person of high character,” Lakers General Manager Rob Pelinka said, according to the NBA. “And second, he is a young man that works incredibly hard. Those are the qualities we look for in drafting players and adding to our developmental corps at the Lakers.” Speaking to his potential, Lakers Head Coach JJ Redick commented, per Sports Illustrated: “We view Bronny as case study No. 1. Because his base level of feel, athleticism, point-of-attack defender, shooting, passing — there’s a lot to like about his game. And...
Ray Allen turned down a lucrative offer as a rookie to sign with Nike. The California-born athlete was drafted by the Minnesota Timberwolves in 1996 during the first round as the fifth pick, according to ESPN. He was traded that same day to the Milwaukee Bucks with a three-year rookie contract valued at $6.2 million, per Spotrac. Allen’s earnings helped him remain level-headed when he was receiving offers from FILA and Nike. He already had his mind set on Nike and was not even swayed by a six-figure offer from FILA, despite having a prior sponsorship deal with the company. “ I almost ended up wearing FILA. My agent at the time tried to make me accept a check for a $100,000 but they were telling me they were going to give me a signature shoe,” he told Sports Illustrated in a 2017 interview. “It was either FILA or Nike at the time, and (FILA) told me (I’d get) the signature shoe for five years years but the first two I had to lead the team in scoring, rebounding, steals or assists....
James Harden hit the jackpot thanks to an investment decision influenced by the late Kobe Bryant. During an interview on the “Earn Your Leisure” podcast, the basketball star revealed that Bryant suggested creating a pool of money dedicated to investments, including sports drink company BodyArmor. As previously reported by AFROTECH™ , Bryant had invested $6 million in BodyArmor back in 2014. “Kobe basically was like ‘W e going to put a stash of $5 million and then any like business opportunities — it might be as little as $200,000, it might be $500,000 just depending on what, you know, what investment it is. But we going to put a pot together and we just going to invest our money,’ rest in peace before he passed away,” Harden explained to “Earn Your Leisure” hosts Rashad Bilal and Troy Millings. “ But BodyArmor was the beginning of that, and we seen how it is.” While it is unclear what Harden’s direct contributions were, the investment into BodyArmor was a smart move. In 2021,...
NBA star Giannis Antetokounmpo has launched a venture capital firm. According to Bleacher Report, the Milwaukee Bucks player has introduced Build Your Legacy Ventures (BYL). The venture capital firm, backed by institutional investors and tech veterans, aims to funnel investments into the sports and entertainment sectors. As noted in a press release, the firm will be “driven by the Antetokounmpo family’s dedication to fostering innovation and entrepreneurship.” “I’m incredibly energized to launch BYL Ventures as a way to give back and support the next generation of visionaries,” Antetokounmpo, founder and general partner of BYL Ventures, said in the release. “This fund is not just about capital; it’s about forging partnerships and opening my network to accelerate the growth trajectory for companies. I want to help other entrepreneurs, especially those who have faced barriers, to grow and succeed. BYL Ventures will be focused on finding people with big dreams and helping them make...
A handful of Michael Jordan memorabilia has sold for millions. According to the Chicago Sun-Times, a jersey worn by the former Chicago Bulls star during a 45-point game in the 1996-1997 season sold for $4.7 million at auction. This met expectations, as the auction house Sotheby’s had projected it would sell for between $4 million and $6 million. “One of the finest Michael Jordan jerseys ever to come to auction, MJ wore this road-red jersey for 5 months and 17 games during the Chicago Bulls legendary 1996-1997 championship season,” Sotheby’s commented on Instagram. View this post on Instagram A post shared by Sotheby's (@sothebys) Brahm Wachter, Sotheby’s head of modern collectibles, commented to the Chicago Sun-Times: “This jersey symbolizes not just Michael Jordan at the height of his celebrity and prowess, but also a pivotal moment in basketball history. Today’s results highlight the enduring strength of the game-worn market, especially those pieces associated with Michael...
Anthony Edwards has been making headlines recently for his prolific performance on and off the court . Since joining the NBA in 2020, the young legend has already managed to stack up a list of accolades a mile long and has even landed a front-and-center placement as the subject of a season-long documentary with Netflix’s Starting 5 . The latter has seen Edwards popping up in the news a lot lately, due to his braggadocios nature and tendency to roast Jayson Tatum every chance he gets. Since Edwards has become such a major media figure in recent years, it only makes sense that we take a look at his net worth and various streams of income . According to Celebrity Net Worth , Anthony Edwards is currently packing an impressive nest egg of over $40 million, exemplifying his meteoric rise to super-stardom. So, let’s take a moment to study Edwards’ rise to popularity, college and NBA records, and other various streams of income to see what we can learn about his fast accumulation of...