All results
Rajon Rondo is a two-time NBA champion , with some of the most illustrious stats in professional basketball history. Though Rondo is best known for his landmark 8+ years with the Boston Celtics , the Kentucky-born sports legend has played for numerous NBA teams, bouncing around the league between championships before his official retirement in April 2024. Today, Rajon Rondo touts an impressive net worth of over $45 million according to sources , earned mostly through his NBA salary and endorsement deals . Rondo also has several real estate holdings that have boosted his net worth, resulting in the multi-million dollar figure. Unlike many other professional athletes, Rondo has managed to lead a relatively quiet life, banking his cash without engaging in any headline-grabbing extracurriculars or major controversies. Let’s look into the career of Rajon Rondo, and extrapolate data about his impressive net worth from his time on the court. Early Life & Career Beginnings Long before he...
Apr 25, 2024
Shaquille O’Neal’s Authentic Brands Group (ABG) deal continues to pay off. As AFROTECH™ previously mentioned, O’Neal’s agreement with the brand management company in 2015 allowed the group to profit from his name and likeness in merchandise and endorsements. The Hall of Famer joins its roster of other prominent names such as Marilyn Monroe, Elvis Presley, Muhammad Ali, and Michael Jackson. “We’re thrilled to have a true business partner in Shaq,” Nick Woodhouse, ABG president and chief marketing officer, told ESPN at the time. “Through his bigger-than-life personality, he has turned himself into one of the strongest sports brands in the world.” In return for signing onto the deal, O’Neal became ABG’s second-largest shareholder, and to date he credits this as his turning point in business. “My Authentic Brands deal, I was able to ensure that hopefully I can stay around after I’m no longer on this earth,” O’Neal explained to AFROTECH™ . “And I was walking down the street one day and...
Apr 24, 2024
Carmelo Anthony has launched a cannabis brand that will allocate a portion of its profits towards a good cause. Forbes reports the 10-time NBA All-Star player is launching StayMe7o Cannabis under Grand National, a cannabis-focused agency created in partnership with Lowd Cannabis’ CEO and Founder Jesce Horton and Chief Creative Director Brandon Drew Jordan Pierce. Anthony had connected with Horton when he first moved to Portland, OR, through a mutual friend. “We understand what the value proposition is,” Anthony told Forbes . “I grew up on the Grand National car, we just wanted to tap into something that was very timeless, combining the businesses of all three of us and what we bring to the table.” As for his motivation to enter into the cannabis sector, it was a culmination of remaining a student within the industry over several years and firsthand experience for sports recovery purposes. Among his chosen products were tinctures, CBD formulations, and topicals — all tailored to...
Apr 23, 2024
Never underestimate the power of a good hobby! Following his retirement from the NBA, Dwyane Wade, like many greats who have since left the league, picked up a new golfing habit, which ultimately led him to become a minority owner in the NBA team Utah Jazz. According to Boardroom, the move made in 2021 by Wade continues to get better with time. When he initially joined the ownership group, the former Miami Heat star saw the team at a valuation of $1.75 billion. Today that number has increased to $3.46 billion, per an April 16 Instagram post by Boardroom. “If people are doubting how far you can go, go so far that you can’t hear them anymore,” said Wade on social media at the time of the deal. “Second act activated.” View this post on Instagram A post shared by Boardroom (@boardroom) The Sporting News reports that the deal was made possible thanks to a friendship between the majority owner, Ryan Smith, and Wade that began on the golf course. Smith, a billionaire whose fortune was...
Apr 18, 2024
Chris Paul has entered into a partnership that considers the financial futures of the youth. Goalsetter, a fintech company founded by Tanya Van Court, has shared results from a study it conducted with Ivy League university students revealing a significant lack of understanding when it comes to personal finances. When surveying 1,065 undergraduate students from Harvard University, Stanford University, and the University of Pennsylvania, t he study revealed that the students answered on average only 51% of its financial education questions correctly. The questions were at the high school standard, and the percentage of acuity decreased even further when looking at only underclassmen, with scores of 48%. Furthermore, only 13% of students who took the quiz scored above a C-. To create better outcomes, Goalsetter is committed to targeting financial initiatives towards the youth, and the company is strengthening its efforts through a partnership with NBA player Chris Paul, Oakland Fund...
Apr 15, 2024
Dennis Rodman is likely best known for his prolific career with the NBA , showcasing incredible defensive abilities during his 20-year tenure on the court. However, the retired basketball star has gone on to exhibit a host of eccentric accolades in his 62 years on Earth, making him one of the most interesting humans to ever live. Today, Dennis Rodman touts a paltry net worth of only $500,000 according to Watcher Guru , in spite of his multi-million dollar legacy. Rodman sits at this figure for a number of reasons, most notably due to a number of shady business deals that saw his long-time financial advisor embezzling millions from his personal fortune. Despite Dennis Rodman’s lower-than-expected net worth, the retired basketball legend seems to be living comfortably today, and has tons of social credit to fall back on in case he needs additional financial security. Since retiring from the NBA, Rodman has gone on to wrestle at a professional level, appear in numerous film and...
Apr 12, 2024
Whether you’re picking up a basketball, camera, or microphone, there is always a way to share your story.
Jan 25, 2024
For years, there was a disconnect between the representation of athletes playing on the field or courts and those who made the big decisions for the sports industry. As time evolves, more and more Black athletes continue to dominate the world of sports, particularly in the NBA and NFL. According to data from Statista, Black athletes make up over 70% of active NBA players during the 2023 season. For the NFL, Statista further reports that a bit more than 56% of players in 2022 were Black athletes. Although the percentage of Black players is disproportionately lower in other major sports leagues such as the MLB (6.2%) or the NHL (less than 5%), the push and impact of Black players can be felt across the entire sports landscape. The increased diversification throughout sports as an industry, some would argue, necessitated the need for more decision-makers in executive roles — primarily team ownership. In 2002, the barrier was broken as the founder of BET, Robert “Bob” Johnson, became...
Jan 4, 2024
Joe Smith knows firsthand what it’s like to go from making over eight figures to losing it all. In 2018, the former NBA star and No. 1 draft pick appeared on MLB star Alex Rodriguez’s show “Back in the Game” due to financial trouble, according to CNBC. The goal was to teach Smith how to bring in more revenue and decrease his spending. The show would support Smith’s coaching business, which he started in 2015, so he could be in a better financial standing.
Nov 27, 2023
Skims continues to take the correct steps in the business world.
Oct 30, 2023
Money doesn’t buy happiness. Former NBA player Gilbert Arenas learned this the hard way.
Aug 8, 2023
Outside of the NBA draft and Summer League, basketball fans have little to no on-court action to look forward to during the off-season. However, that does not mean that excitement around the league is entirely on pause. The summer months are typically when players and franchises make impactful decisions about their futures. And the Boston Celtics have answered one of the fan’s most pressing questions by resigning shooting guard Jaylen Brown.
Jul 25, 2023
The passing along of wisdom, particularly in the Black community, is a rite of passage. Learning from an Elder or an “OG” is a core part of Black culture and can even find roots in the historic nature of storytelling and oral history exchanges. NBA veteran Andre Drummond has found himself in the proverbial seat of an uncle and was recorded dropping some knowledge on a group of young athletes while coaching. But what makes Drummond’s words of wisdom worth digesting for future and practical use? Drummond is a Mount Vernon, NY, native. The center entered the league in 2012 as the ninth pick of the Detroit Pistons. As a current player for the Chicago Bulls, Drummond has experienced a range of career highlights, including making the NBA All-Rookie Team 2nd Team in 2013. While he’s spent time with other NBA teams like the Los Angeles Lakers, Philadelphia 76ers, Cleveland Cavaliers, and Brooklyn Nets during his ten-season career, his current placement with the Bulls is proving beneficial....
Jul 11, 2023
Outside of their extreme athletic abilities, NBA players are also known for their fashion choices. And a select few are fortunate enough to have a signature sneaker line. From Michael Jordan to Stephen Curry, NBA stars have long pushed their name, image, and likeness with a shoe that represents them on and off the court. Chris Webber was allowed a signature sneaker, but his outcome differed from the previously mentioned. Webber is a Detroit, MI, native who entered the league as the 1993 No. 1 draft pick, selected by the Orlando Magic. He was then traded to the Golden State Warriors, according to Rookie Wire. Spending only one season in the Bay Area, Webber would play for several other teams, spending most of his career with the Sacramento Kings. During his 15-season career, he averaged 20.7 points, 9.8 rebounds, and 4.2 assists. His on-court performance led him to become Rookie of the Year and a five-time All-NBA Team member. With consistent playtime and credible contributions on...
Jul 11, 2023
Getting to the bag is one thing, but having multiple bags to tap into takes it to another level. NBA player Thaddeus Young is a modern example of that elevation. Young is from Memphis, TN, and quickly rose as a breakout star in basketball in the city. After playing with Georgia Tech University, he would be drafted by the Philadelphia 76ers. Since entering the league in 2007, Young has spent most of his career with the 76ers, and played with other teams, including the Minnesota Timberwolves and the Brooklyn Nets. Young is currently playing for the Toronto Raptors. According to ESPN, Young joined the Toronto Raptors after signing a two-year deal in 2022. Spotrac reports that the deal was worth $16 million for two years, with $9 million guaranteed at signing. Now at this point in his career, the 34-year-old is impacting the court and using his wisdom to help guide younger players. A report from The Athletic describes Young as a main staple for the team. “Big time vet. Been in the...
Jun 16, 2023