From Aaron Rodgers to Myles Garett- NFL Stars With Legal Stake in NBA Franchises

Published 10/26/2023, 7:57 AM EDT

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As an NFL player, if you’re a good player, you get a ton of cash quickly. Some players choose to splurge, while some choose to invest. Chiefs QB Mahomes’ exploits in the gridiron field are well known. But the 28-year-old also has investments in Kansas City Current (women’s soccer team), Kansas City Royals (MLB), Sporting KC (MLS) and Alpine F1.

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With Fox Business estimating that 78% of all athletes go broke after just 3 years of retirement, what are some of the options that they have to safeguard their “life after football”? Many choose to pick up stakes in other sports teams, to earn hefty returns on their investments. Myles Garett is the latest NFL player indulging in the practice.

Myles Garett is the latest in NFL stars picking up NBA stakes

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NBA Insider for The Athletic, Shams Charania, broke the news on Instagram that 4x Pro Bowler has purchased a minority stake in the Cleveland Cavaliers. The size of the deal has not been disclosed to the public yet. The 27-year-old has also agreed to serve as the official Cavaliers brand ambassador. He can now use his NFL fame to popularise his NBA team.

 

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This doesn’t come as a surprise since the Cleveland Browns player had attended several Cavaliers games recently. “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,” Cavaliers owner Dan Gilbert said. “We are honored to welcome this longtime friend of the team as our new partner and investor.”

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Myles Garett has played his entire career till now with Cleveland and is rightly an icon for the city and its brand. He had also participated in the NBA’s All-Star Celebrity Game in 2022, which was hosted by Cleveland’s Rocket Mortgage Fieldhouse. With Myles making big NBA moves, who are some other players with stakes in NBA franchises?

The GOATs of football bank on basketball for post-retirement security

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Earlier this month, 7x SB Champion Tom Brady, had his purchase of a stake in the Las Vegas Aces approved by the WNBA. Although he had bought the stake back in March 2023, the league’s formal approval came almost 7 months later. Brady has always been a fan of women’s basketball. Now, his partnership will bring added attention to the league and women’s professional sports as a whole.

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4x NFL MVP, Aaron Rodgers, started the entire trend in 2018. He became the first active NFL player to own a slice of an NBA team cake. He did this by entering as a limited partner in the Milwaukee Bucks’ ownership group. Long fascinated by basketball, he would often use the hashtag #midrange, which comes from basketball. Vlade Divac, who played mostly with the Lakers, is the football GOAT’s idol. Who will be next in this trend of cross-sports ownership?

Watch This Story: Derek Jeter and NFL Icon Explore Partnership a Year After Tom Brady’s Historic 375 Million Deal

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Written by:

Jakso James

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Jakso James is a seasoned NFL writer at EssentiallySports. A student of Mass Media, Jakso knows how to break the barrier of time and distance between him and his readers. As an NFL enthusiast, he knows how to break down strategies and player performance to provide engaging content to readers.
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Edited by:

Garima Yadav

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