Tracy McGrady bets millions on 1-on-1 basketball start-up OBL

Tracy McGrady Source: Ones Basketball League This time, Tracy McGrady is trusting his ideas. The basketball Hall of Famer has funded real estate projects, he’s backed a sports and entertainment agency, and committed to a cryptocurrency partnership before the sector lost billions in value. Now, McGrady is investing in his own company, Ones Basketball League, … Read more

Inflation is rising, but fans are paying for NBA, NFL, other sports tickets

People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means big demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a sports economics professor at the University of Maryland, Baltimore County. “Good times, bad … Read more

Who needs LeBron James? Luka Doncic, Ja Morant put NBA in strong media position

Ja Morant # 12 of the Memphis Grizzlies drives to the basket to shoot against the Golden State Warriors in the second half of Game Three of the Western Conference Semifinals of the NBA Playoffs at Chase Center on May 07, 2022 in San Francisco, California. Thearon W. Henderson | Getty Images The NBA is … Read more

Brooklyn Nets dysfunction weighs on business prospects

The Brooklyn Nets’ Kyrie Irving (left) has a pat for teammate Kevin Durant as the Celtics were expanding their lead in the second half of Game Four of their first round NBA playoff series at Barclays Center in Brooklyn, NY on April 25, 2022. Jim Davis | Boston Globe | Getty Images The superstar-laden, super-expensive, … Read more

NBA’s Golden State Warriors plan to be more than a basketball team

Stephen Curry # 30 of the Golden State Warriors drives to the basket during the game against the Washington Wizards on March 14, 2022 at Chase Center in San Francisco, California. Noah Graham | National Basketball Association | Getty Images The Golden State Warriors are getting back to business. After two years of pandemic challenges, … Read more

Golden State Warriors launch entertainment division, will feature BamBam

SAN FRANCISCO, CA – MARCH 16: Stephen Curry # 30 of the Golden State Warriors warms up prior to the game against the Boston Celtics on March 16, 2022 at Chase Center in San Francisco, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting … Read more

Teenagers making money to play high school basketball

Bryson Warren is probably one of the few teenagers you’ll meet whose high school job comes with a guaranteed six-figure income. Warren, 17, is among the first class of high school athletes to join Overtime Elite, a New York-based company that recruits – and pays – some of the top-ranked high school and teenaged basketball … Read more

NBA’s Cavaliers reach jersey patch deal with steel company Cleveland-Cliffs

Darius Garland # 10 of the Cleveland Cavaliers shoots over Admiral Schofield # 25 and Chuma Okeke # 3 of the Orlando Magic during the second quarter at Rocket Mortgage Fieldhouse on March 28, 2022 in Cleveland, Ohio. Jason Miller | National Basketball Association | Getty Images The Cleveland Cavaliers have a new jersey patch … Read more

How Grant Hill built his post-NBA business empire

Grant Hill, the former NBA superstar and Duke Blue Devils icon, amassed over $ 100 million in career earnings. He has invested in several huge real estate projects, including a $ 5 billion development in Atlanta. He has an ownership stake in an NBA team, and has a new partnership with multinational conglomerate Philips. Now, … Read more

Private equity sports investments neared $2 billion in 2021, NBA hot

The Ballboys wear gloves while handling warm-up basketballs as a precautionary measure ahead of an NBA game between the Charlotte Hornets and Atlanta Hawks at the State Farm Arena on March 9, 2020 in Atlanta, Georgia. Todd Kirkland | Getty Images U.S. stocks earned a wealth of money for investors in a decade-long bull market … Read more