Earlier this week, LeBron James reappeared for the first time since agreeing to his three-year, $100 million deal with the Cleveland Cavaliers to guest-star on Uninterrupted’s “Open Run” podcast and talk about a number of things, including what he sees for his life after basketball.
In that interview, James admitted that when he does retire from the game – likely at some point over the course of the next decade – he’d like to look into at least partial ownership of an NBA team.
“I would love to be a part of a franchise, if not at the top,” James said. “My dream is to actually own a team.”
There won’t be much stopping him, as James is the most prodigious active earner both in terms of annual salary and endorsement contracts, and while he likely never will be able to piece together the $3+ billion he’ll need to buy a team all on his own 10 years from now, he’s got more than enough to buy into a minority stake. Frankly, there aren’t many teams that wouldn’t love to have him as a figurehead of the franchise, and his desire to move into an ownership position is far from unprecedented.
The following are a list of players who have bought teams (or parts of teams, rather) in the years following their retirements. Seeing an NBA player actually own a piece of an NBA team is rare, but plenty of big-name stars have bought franchises in a number of different sports:
LeBron James, Liverpool FC – James may truly long for a piece of NBA ownership somewhere down the road, but his active status as an NBA player hasn’t stopped him from getting into sports team ownership in other arenas. He already owns a small stake of Liverpool FC, one of the most popular soccer clubs in the Champions League.
In April of 2011, James teamed up with Fenway Sports Group, which also owns the Boston Red Sox, after they had purchased the team for $488 million in October of 2010. James got his mitts on a minority stake in the FC, marking the first time that a professional athlete in his prime invested in a sports franchise with the popularity and breadth of Liverpool. He remains a minority owner to this day and is doing quite well with his investment. Getting a stake in an NBA team would only broaden his horizons as a business mogul.
Michael Jordan, Charlotte Hornets – Of course, the king of all basketball business moguls is Michael Jordan, who became majority owner of the then-Charlotte Bobcats for $275 million back in 2010. He had been a minority investor dating back to 2006, but when former owner Bob Johnson couldn’t justify bleeding tens of millions of dollars every year, he sold it to the state of North Carolina’s most famous basketball icon.
Jordan assumed $150 million in debt in the transaction, but considering the most recent Forbes valuation for the team was $750 million, it looks like His Airness already has made a rather significant return on his investment. The Hornets are the fifth-least valuable team in the league, but they’re already exponentially more valuable than they were six years ago when Jordan bought the team.
Shaquille O’Neal, Sacramento Kings – The only other former NBA player to own any part of an NBA team is O’Neal, who threw in a fair chunk of change as part of the investment group that purchased the Sacramento Kings from the Maloofs in 2013. According to Forbes, O’Neal only owns between two-to-four percent of the team. It wasn’t a huge investment, but the value of the team already has jumped from $534 million at the time of sale a few years ago to over $800 million in Forbes’ most recent estimate for the team. The math says that O’Neal has made somewhere in the neighborhood $5 million to $11 million in just a few years without having had to do much, so while some believe his ownership investment was mostly a PR stunt to help get a new arena built in Sacramento, he really has raked in a little easy cash to supplement his TV checks.
Magic Johnson, L.A. Dodgers – Arguably the most successful team owner on this list, Johnson was a major player in the group that purchased the L.A. Dodgers for a record $2.15 billion back in the spring of 2012. Magic “only” put in $50 million of that money, but he’s been a figurehead for the organization and has been vital in recruiting free agents despite his relatively meager stake in the team, which would only equate to about 2.3 percent ownership. Even still, he’s the only former NBA player to ever own any stake in a Major League Baseball team, and for him to further endear himself to the City of Los Angeles will do nothing to hurt his legacy as arguably the most beloved athlete that city has ever known.
Yao Ming, Shanghai Sharks – Occasionally, former players invest in professional teams outside of the United States, as well, which Yao proved when he seized the opportunity to play for his former pro team in China, the Shanghai Sharks. Yao actually grew up in Shanghai, so when news began to leak that a few failing seasons (both financially and on the court) might cause the organization to fold, he stepped in and rescued them from ruin. As of 2008, Yao was ranked as the wealthiest Chinese entertainer with tens of millions of dollars to his name, so purchasing the team that gave him his start as a pro probably felt like as safe an investment as anything. He still spends a lot of time with the team as a figurehead for the organization, and he’s helped bring in big names too. Gilbert Arenas, Michael Beasley, Delonte West and John Lucas III have played for Shanghai since Yao took over.
Tony Parker, ASVEL – Like Yao Ming, Tony Parker decided to become the owner of a team from his home country. Parker first bought a 20 percent stake in ASVEL back in 2009, and then he decided to suit up with the team in 2011 during the NBA lockout. This led to Parker becoming the majority shareholder in 2014 and eventually take on the role of president as well. At 34 years old, Parker is likely nearing the end of his NBA career; however, his shares and role with ASVEL ensure that he stick around the sport for many years to come even when his playing days are over.
Amar’e Stoudemire, Hapoel Jerusalem – One fun fact about Stoudemire is that he’s part Hebrew on his mother’s side, and in 2010 he took a pilgrimage to Israel to get in touch with his roots a little bit and see the extensive religious history there. He was affected enough by his experiences to team up with Ori Allon to purchase a professional basketball team in Jerusalem back in 2013, and it’s something he enjoyed quite a bit until this past summer when he retired from the NBA, sold his shares to Allon, and agreed to actually play for Hapoel Jerusalem in 2016. That means he’s not currently an owner of the team, but one gets the sense that as soon as he’s finished playing Allon will be happy to get him involved once again on the ownership side of things. The more a big name like Stoudemire is present around a small-time team like that, the better it is for business.
Steve Nash, Vancouver Whitecaps, RCD Mallorca – While Nash hasn’t shown much interest for ownership in basketball franchises, he does actually own stakes in not one but two professional soccer clubs. He started with his share of the Vancouver Whitecaps of Major League Soccer back in 2005, which came as part of a group of investors that also included Jeff Mallett, Steve Luczko and Greg Kerfoot.
Then, more recently, he and Phoenix Suns owner Robert Sarver pitched in to purchase Spanish football club Real Mellarco for a shade over $21 million. They had tried to purchase Levante a year earlier but failed, but men driven to spend their money will find a way to do so. Now Nash, a well-known die-hard soccer fan, gets to enjoy ownership of a soccer club not just in his native country but also overseas.
Jamal Mashburn, Ol Memorial Horse Stable – While it’s not quite the same as owning a sports franchise, Mashburn and former University of Kentucky coach Rick Pitino are partners in owning Ol Memorial Stable, which did at one point serve as the home of a Kentucky derby hopeful that went by the name of Buffalo Man.
Mashburn is a great example of how NBA players can have successful entrepreneurial lives after basketball. Today he owns 37 Papa John’s restaurants, 34 Outback Steakhouse restaurants, two car dealerships and a real estate company. Like everyone else on this list, he’s putting his playing checks to good use in life after hoops.
Should James someday earn a small stake in the Cavaliers or some other random franchise for sale, he’ll join the very small ranks of former NBA players that managed to eventually own an NBA team. So far, it’s just Jordan and Shaq, but there’s no reason King James couldn’t join that list as a way to enjoy his retirement.
NBA PM: Patrick Beverley Set the Tone for Clippers in Season Opener
Patrick Beverley set the tone for the L.A. Clippers with his aggressive defense in their season opener.
“The LA Clippers are going to the Western Conference Finals. Guaranteed.”
That bold statement was made by Charles Barkley during TNT’s coverage of last night’s matchup between the Lakers and Clippers.
While Barkley may have had his hot take canon primed and in mid-season form, that should not overshadow the fact that the Los Angeles Clippers put together a strong showing in their first regular season game since the departure of Chris Paul.
Blake Griffin logged 29 points, 12 rebounds, three assists, two steals and knocked down three of his six three-point attempts. Griffin was aggressive and showed no hesitation on his jumper, which seemed to open up lanes for him to drive to the basket (where he is most effective). DeAndre Jordan was fantastic as well, contributing 14 points, 24 rebounds, one assist and one steal.
While the Clippers lost some significant contributors from last season, including J.J. Redick, Luc Mbah a Moute and Jamal Crawford, the team had some returning and new players show that they are capable of filling the void.
Milos Teodosic was just 2-9 from the field, but knocked down two three-pointers and looked comfortable and effective running the team’s offense. Danilo Gallinarni shot just 3-13 from the field but looked healthy and spry, displaying the kind of mobility that is necessary to play the small forward position. His ability to act as a secondary playmaker wasn’t on full display, but there were moments where it was apparent that he could be a big help in generating open looks for his teammates. Lou Williams also looked good in his Clippers debut, scoring in a variety of ways off the bench and contributing six assists as well. Wesley Johnson continues to look confident and aggressive, a continuation from his preseason performances, and is starting to knock down the open shots his teammates are creating for him (which has been a problem for him in the past).
While the Clippers looked solid in their opening act without Paul, it should be noted that the Lakers are a young team overall and their defense has been a major problem for the last few seasons. While the Lakers have added some promising young talent over the offseason, like most young teams, they are going to struggle to slow down veteran teams with potent offenses. It would be a mistake to think the Clippers can replicate this sort of offensive performance every night, especially against the better defensive teams in the league. However, perhaps the most promising part of the Clippers’ season debut was the fact that they seemed to feed off of and embrace the gritty demeanor and style of play that Patrick Beverley brings to the court each and every night.
Last night’s game was the NBA debut for rookie point guard Lonzo Ball, who many predict will develop into a star player. Unfortunately for Ball, his opening night matchup came against Beverley, who earned a spot on the 2017 All-Defensive First Team. Beverley repeatedly guarded Ball past half court, pushed him around and did everything he could to throw him off of his game. He held Ball to three points, nine rebounds and four assists in 29 minutes of action.
Beverley, like every NBA player, has heard the hype and noise surrounding Ball and his future in the league (most of it from his outspoken father, LaVar).
“I just had to set the tone,” Beverley said. “I told him after the game that due to all the riffraff his dad brings, that he’s going to get a lot of people coming at him. I let him know that after the game. What a better way to start than spending 94 feet guarding him tonight — welcome the young guy to the NBA.”
Beverley is one of the more aggressive defenders in the NBA and is known for trying to get under the skin of his opponents, so Lonzo may not face this level of intensity in every game. But based on Beverley’s comments, it’s clear that he expects other players around the league to defend Lonzo aggressively as well.
Snoop Dogg, the rapper and passionate Lakers fan, summed up the issue for Ball arguably better than anyone else has so far.
“His father put him in the lion’s den with pork chop drawers on,” said Snoop.
For his part, Lonzo complimented Beverley on his aggressive defense.
“[Beverley] plays hard. He knows his job. He does it very well,” said Ball. “He gets under people’s skin and plays defense and does what he can to help his team win.”
Beverley set the tone for the Clippers, who looked crisp and confident throughout the game. Griffin’s three-point shot looks like it could finally be a reliable part of his offensive arsenal. Jordan was very active on the glass, pulling down 24 rebounds (possibly inspired in part by his commitment to donate $100 per rebound this season to help the effort to rebuild his hometown of Houston after the damage inflicted by Hurricane Harvey). The rest of the supporting cast played with the sort of cohesion and confidence that takes at least a few weeks into the season to develop. Again, the Clippers’ performance could have stemmed primarily from the Lakers’ shaky defense, but it was encouraging to see the team play with such force and confidence in the absence of Paul.
The Western Conference is extremely talented and deep, so it’s unlikely that the Clippers will make it to the Western Conference Finals as Barkley predicted. However, challenging for a spot in the playoffs and perhaps even doing some damage once there seems to be in the realm of possibility. This is especially the case considering how much of an impact Beverley had Thursday night, both defensively and in setting the tone for the rest of his new teammates.
Morris Bringing Leadership To Celtics
Marcus Morris chats with Basketball Insiders for a one-on-one exclusive.
Returning just one starter from last year’s top-seeded team in the Eastern Conference, the Boston Celtics underwent wholesale changes this past offseason.
Gordon Hayward signed a super max contract. Danny Ainge pried Kyrie Irving away from the Cleveland Cavaliers in a blockbuster deal. Jayson Tatum was selected with the third overall pick in the NBA Draft.
In early July, though, there was an under-the-radar trade executed that hasn’t been mentioned much. Surprisingly, Celtics guard Avery Bradley was sent to the Detroit Pistons in exchange for Marcus Morris, a heady wing with size and versatility to add to a revamped core of players.
Bradley was a mainstay with the franchise for seven years and played a vital role as a part of Brad Stevens’ system, but Boston decided to move in a different direction. As for the man they got in return, he’s thrilled to be there.
“It makes me feel good,” Morris told Basketball Insiders of Ainge dealing one of his best former players for him. “It makes you feel wanted.
“This is my first time since I’ve been in the NBA I’ve been on a team with a bunch of guys that [are] All-Stars. With the maturity of the team being this high and having them high expectations on us, I’m excited to get the season going and see how far we can take this.”
The Detroit Pistons likely wanted to keep him, but the organization clearly felt Bradley’s skill set was too good to pass up. For Morris, he insisted there was no indication that his old team would send him away, but he hasn’t been bashful about talking up his new home.
“Had no idea that I was gonna be a Boston Celtic, but I’m ready for the challenge, you know?” Morris said. “I’m excited. Boston, being a Celtic—it’s something that growing up you don’t really see happening, but when it happens it’s an amazing thing.
“It’s like playing for the Patriots, you know what I mean? One of the most heralded teams and most heralded franchises, and Boston is one of those.”
Entering the seventh season of his career, Morris has remained a steady part of the league. During his time in Detroit, he started nearly every game for the Pistons and found a comfort zone that he believes will carry over in Boston.
“Just continue to be consistent, continue to build on my last past couple of years,” Morris said of his personal goals. “I really felt like I carved my spot in the NBA the last two years—averaging 14 a year and helping my team get to the playoffs one of those years, so I really think I’ve carved a niche in this league.”
The success has come thanks to his versatility and the NBA’s current direction pointing towards that type of game. All of a sudden, not having a defined position makes a player more valuable, something Morris is thankful for as he continues to bring a little bit of everything to the table.
“For guys like me, it’s great,” Morris said. “Coming into the league, I had this ‘tweener’ thing on my back and now it’s like [freaking] great to be a ‘tweener’ at this time. I’m actually happy that it’s switching to my position and guys that can do multiple things are being utilized more in this league.”
Putting the ball in the basket has come fairly easy for Morris, who averaged 14.1 points per game on 42.6 percent from the field over 159 games with Detroit. He’s able to stretch the floor and provide solid spacing offensively, and he envisions doing more than that for this Celtics group.
“And leadership,” Morris said. “I’m not too much of a vocal guy, but I’m a passionate guy on the court. I think that’ll rub off on guys. I love scoring. I love shooting the ball. But that’s not the only thing I do.
“I’ve been a tough defender around this league for the last past years and I’m really looking forward to hanging my hat on that again and just doing whatever it takes for my team to get to that next level.”
Stevens is aware of the impact Morris can bring in the locker room and on the floor. When he returns from a sore knee to make his debut for Boston, that’ll show through his play.
“He’s a guy that can stretch the floor at the four,” Stevens said. “He’s a guy that can guard two through four. He’s tough. He’s smart. He works the right way. We’ll be better with Marcus Morris for sure. The versatility is a very important part of what we want to be.
“Whether he is starting in a couple of weeks or whether he’s coming off the bench, at the end of the day he’s gonna be a critical, critical part of our team.”
While he’s waited to come back, Jaylen Brown and Jayson Tatum have stepped up in his absence. With Hayward likely sidelined for the rest of the season, that success will have to be sustained. Morris is a big believer in this promising duo and sees how grounded they are to make that happen.
“They’re mature guys for their age,” Morris said. “Jaylen, I think he’s 20. He’s definitely a lot more mature than I thought. Jayson, too. He’s way more mature than your average 19-year-old.
“At the end of the day, it’s just basketball. I think those guys, they’re ready for the challenge. They love the game. They always in the gym, so I think it’ll be easy for ‘em.”
Part of Morris’ role is guiding those two and the other younger pieces that Boston has as they try and establish themselves as professionals. He’s kind of a coach per se, which is somewhat fitting considering what he did this summer.
Most basketball fans are aware of “The Basketball Tournament” that takes nationwide. For those that aren’t, it’s a single-elimination competition between 64 teams in which the champion receives a $2 million prize. Morris was the head coach of Team FOE—standing for Family Over Everything.
Along with his fellow Kansas alums, including his brother Markieff and Thomas Robinson, Morris coached his team to the final game. Team FOE was in front most of the game but ultimately fell to Boeheim’s Army, a squad filled with former Syracuse Orangemen.
“I was on my way man,” Morris said of coming close. “I actually liked it. I’m a smart guy. Me and basketball stuff, I can put it together real well. I was kinda upset we lost in the fashion that we lost, but we’ll be back next year.
“I’m a smart player,” he said regarding a potential future on the sidelines. “I know the game really well. Coaching comes easy for some guys and I’m just one of those guys.”
You could hear “Coach Morris” down the line, but for now and for years to come, Marcus is focused on his first year with Boston. It’s a team that surely has the talent to be the top team in the East it’s pegged to be. Stevens is a basketball savant with great leadership.
Even without an All-Star like Hayward and a 0-2 start, the Celtics should still be a force to be reckoned with. There’s an even greater demand for them to achieve their potential, especially knowing eyes will be on them, but Morris welcomes the challenge.
“Man, it’s pressure on every team,” Morris said. “It ain’t like it’s just all on the Boston Celtics. It’s pressure on every team. What’s a game without pressure anyway?
“Pressure makes it the best thing. That’s what we need to do anyway. I enjoy the pressure. Me personally.”
Shouldering the load won’t be easy, but if it comes down to it, Morris will be swimming instead of sinking. When all is said and done, he shares the same aspirations as most players do—raising the Larry O’Brien trophy in the summer.
“I want to the win the championship,” Morris said. “You put this type of team together to get to those positions. I’m looking to be playing in June and trying to get to a championship.”
NBA AM: Dwight Howard’s Quest For Redemption Begins
Dwight Howard says he has been unfairly blamed for previous shortcomings. In Charlotte, he gets a chance to prove it.
Prior to the start of training camp for the Charlotte Hornets, newly-acquired center Dwight Howard made an appearance at a charitable event for the Boys and Girls Club at a local elementary school. At that event, Howard laid out the stakes for his first season in Charlotte.
“This [is an] opportunity for myself to really get back everything that I would say has been taken away,” said Howard, according to Rick Bonnell of the Charlotte Observer.
In an August interview with ESPN’s Adrian Wojnarowski, Howard seemed to imply that the primary thing that had been taken from him was a major role in the offense of teams he’s played with since he left Orlando, noting that his shot attempts had decreased from double digits to about six per game in Atlanta.
“I think it’s all opportunity, the system,” Howard told Wojnarowski. “I haven’t had a system where I can be who I am since I was in Orlando.”
Earlier this week, Hornets GM Rich Cho told NBA.com that Charlotte was the right place to give Howard that opportunity because of his relationship with coach Steve Clifford, who coached Howard as an assistant at two previous stops.
“With the relationship that Cliff has with Dwight, I know ‘Cliff is going to get the best out of him like he has done with past players,” said Cho. The Charlotte GM also went into detail about how the trade for Howard fit the goals the organization set for the offseason.
“When we entered the offseason, there were a number of things we wanted to accomplish,” said Cho. “One was, we wanted to get a rim protector and some shot blocking. Two, we wanted to add some more physicality. And three, we wanted to add a lot more depth overall and improve our bench play.
“So with Dwight, I think we’ve added all those things. He’s a great rim protector and shot blocker. He’s averaged a double-double every year he’s been in the league. It adds a lot of physicality with him going to the starting lineup and moving Cody [Zeller] into a backup role. It also increases our overall depth.”
Controversy has followed Howard after every NBA stop, and his brief stint with the Hawks was no different. ESPN’s Zach Lowe said on a podcast that he was told that a former teammate of Howard celebrated when informed he had been traded to Charlotte. If Lowe’s story is true, it only shows how divided and factional Atlanta’s locker room was last season. Several of Howard’s younger Hawks teammates took to Twitter to refute Lowe’s account, and Howard was voted Best Teammate by Hawks players in the NBA Players Association’s 2017 Players Voice Awards.
— NBPA (@TheNBPA) August 18, 2017
With so many contradictory accounts, it’s understandable why Howard sees a fresh start with the Hornets as an opportunity to counter the narratives that have followed him from stop to stop.
“Throughout all the mess that has happened the last couple of years, this is a great opportunity for me to prove to myself that I know exactly who I am — to just shut people’s mouths,” Howard told Wojnarowski.
With that goal in mind, Howard’s quest for redemption got off to a rocky start in Detroit in Wednesday’s season-opening loss to the Pistons. Howard came close to the double-digit shot attempts he craves, hitting five of nine for 10 points and 15 rebounds. Only Kemba Walker (13) and Jeremy Lamb (10) shot the ball more for Charlotte. But Detroit’s Tobias Harris erupted for 27 points, 10 rebounds, and three assists to help the Pistons open the new Little Caesars Arena with a win.
“We’re going to get it right,” Howard said after the loss. “We’ve just got to stay together, stay focused and get Game 2.”
Awaiting the Hornets in that second game for tonight’s home opener are the same Atlanta Hawks that cut him loose after just one season. In addition to trading Howard, Atlanta allowed All-Star forward Paul Millsap to depart to the Denver Nuggets as a free agent. The Hawks appear to be rebuilding, but Atlanta didn’t look like a team aiming for lottery balls in Dallas Wednesday as the team won its season opener. Point guard Dennis Schroder led the team with 28 points and seven assists while rookie John Collins scored 14 with five rebounds off the bench — the highest-scoring debut by a Hawks rookie since Rumeal Robinson in 1990 — including several thunderous dunks.
In the preseason, Collins addressed the low external expectations for the young Hawks.
“It’s on us to do what we need to do to get these wins,” said Collins. “The chemistry’s great. I’m not really too worried about it.”
While chemistry could help the young Hawks exceed expectations, it will play a key role in Howard’s quest to prove that he was not the root of all the ailments of his past teams. Zeller had a breakout season for the Hornets before the Howard trade moved him to the bench. With Cho declaring that Howard addressed most of the team’s offseason goals, Charlotte should be much closer to a finished product than the retooling Hawks.
Howard is in the best possible position to succeed, with a coach that believes in him and the central offensive role he says he’s been denied in the past. Howard has stated his case, and now it’s up to him to prove it on the court.