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Dawn Staley Explains Her Mindset For Renegotiating Her 2021 Contract, Which Made Her The Highest-Paid Black Head Coach In NCAA Women's Basketball

Dawn Staley knew her worth, which led to her receiving a historic contract. Since joining the South Carolina Gamecocks women’s basketball program as the head coach, she has led the team to 10 NCAA Attendance titles, with three appearances leading to national championships (2017, 2022, and 2024) the university’s website mentions. The 2024 win was foreshadowed by an undefeated season, with the team achieving a 38-0 run. This is merely a snapshot of the accolades Staley has secured since becoming the team’s head coach in 2008. “What women’s basketball needs is just someone that is literally a true honest GOAT. [I go so hard for Coach Staley] because no one wants her here,” WNBA player and former South Carolina Gamecocks player A’ja Wilson said, per Andscape. “No one believed she could get to this point and she’s sitting here shining. I think that is why she’s such a trailblazer for women’s basketball.” In 2021, Staley became the highest-paid Black head coach in NCAA Women’s Basketball,...

Aug 16, 2024

How Might Haason Reddick's Net Worth Be Impacted By New York Jets Drama?

Most young football players only aspire to make it to the NFL , but few get the opportunity to play on those famous stadium fields. When Haason Reddick was selected as the 13th overall first-round pick in the 2017 Draft by the Arizona Cardinals, he knew he had to make his presence felt. Before going pro the 29-year-old played college ball at Temple University , but after successful seasons on three different NFL teams, the fourth is keeping the star linebacker from playing amid a contract dispute . How might Haason Reddick’s net worth be impacted by the unfolding drama? Keep reading to find out. What Is Haason Reddick’s Net Worth? (Photo by Mitchell Leff/Getty Images) According to TWSN , the two-time Pro Bowl defensive is worth $15 million as of 2024. This number is considerably lower than his estimated career earnings of $34.895M, but Reddick is plotting some money moves that he hopes will keep both numbers climbing. Over the next two years, projections estimate the embattled New...

Aug 15, 2024

T-Pain Claims He Received A $40M Advance For His First Deal But The Record Label Had The Upper Hand With A 15/85 Split

T-Pain had reportedly become a multi-millionaire at 18 due to his first record deal. Following the success of his popular single “I’m Sprung” in 2005, the artist was able to secure a record deal with Jive Records, Hot97 reports. The deal presented him with a $40 million advance, and many around him encouraged him to sign the deal. However, the deal also included a 15/85 split, in favor of the label, which he didn’t know at the time. He didn’t learn about it until 2022 when people started showing interest in buying his catalog, he said during a podcast interview on “Good Compenny.” “My first deal that whole first joint was 15/85 but they gave  me crazy money,”  he told rapper LaRussell on the podcast. “So, I didn’t even think about it. I didn’t care. Like, bro, they, like, straight up was like, ‘Alright, deal’s done. Here you go.'” T-Pain added, “So publishing, we worked around that. After probably about 10 years in that deal I was like ‘Yo we need to restructure this it’s crazy.’...

Aug 12, 2024

NFL Carolina Panthers Quarterback Bryce Young Joins Ownership Group For Professional Women's Soccer Team Portland Thorns FC

NFL player Bryce Young is investing in women’s sports. According to KGW8, the Carolina Panthers quarterback has joined the Portland Thorns ownership group. The women’s soccer team’s controlling owners are Lisa Bhathal Merage and her brother Alex Bhathal, who manage it through their investment firm RAJ Sports. “Supporting women’s sports is extremely important to my family and I,” said Young in a press release, per KGW8. “I am thankful to the Bhathal family for the opportunity and look forward to being a passionate supporter of this club.” Other Portland Thorns investors include two-time U.S. decathlon gold medalist Ashton Eaton, former NFL quarterback Joey Harrington, and Dallas Cowboys wide receiver Brandin Cooks. “We are thrilled to welcome such an accomplished group of athletes into the Thorns investor group,” Bhathal Merage said. “This is truly a group of champions, both in their respective sports, and as leaders in the Portland community. We are excited and honored to access...

Jul 29, 2024

Nadia Rawlinson Purchased Equity In The WNBA's Chicago Sky In 2023, And Today The Team Is Valued At About $95M

Nadia Rawlinson believes in investing in women’s sports. Rawlinson carries executive experience with tenure at companies that include Live Nation Entertainment, Slack, and American Express. It’s her collective experience that has emboldened her involvement with the WNBA’s Chicago Sky along with her deep appreciation for the city of Chicago, IL. “It’s having a level of understanding of how things can be done in an elite way,” she explained to Market Watch. “You have players, you have 22-year-old rookies who are moving to a new city to have their first job out of college. I care a lot about Chicago. I was here during the Bulls years when Jordan was here, which was epic. How can I recreate that here with the Sky? We are the future of Chicago and Chicago sports.” Rawlinson’s commitment to the team is exhibited in her decision to purchase equity in it. She now serves as co-owner and operating chairman of the Chicago Sky. “I’m also operating chairman, but I lead and manage our board of...

Jul 25, 2024

Black-Led Live Events Platform POSH Raises $22M In Series A Funding Round

The movement behind Avante Price and Eli Taylor-Lemire’s POSH has yet to lose steam. In April 2023, the co-founders and event planning professionals shared with AFROTECH™ their unified mission for the live events platform. “ POSH was born to democratize the ability for any fan with a passion for live events to get involved in the space with as little friction as possible,” Price, co-founder and CEO of POSH, told AFROTECH™. “ Simply put, our mission is to democratize the ability for anyone to earn capital through live experiences.” POSH raised $5 million in a seed round in 2023, as previously reported by AFROTECH™. New investors are now joining in on its movement to disrupt event management. POSH has raised $22 million in a Series A round, Forbes reports. The round was led by Goodwater Capital, and additional investors included FirstMark Capital, Companyon Ventures, and Epic Ventures. In addition, Day One Ventures was an existing investor. “We believe that the next social platform...

Jul 24, 2024

NFL Quarterback Caleb Williams Reportedly Asked To Receive Compensation As An LLC Before Signing His $39M Rookie Contract

NFL quarterback Caleb Williams made an unconventional ask in his rookie contract. Williams is signed to the Chicago Bears as a first-round draft pick in the 2024 NFL Draft, ESPN reports. View this post on Instagram A post shared by USC Football ✌️ (@uscfb) The outlet added that the stakes are at an all-time high at the moment, as the team has not had an All-Pro since 1939. The team is currently working to ensure Williams is prepared for the 2024 season in training camp, which began July 20, 2024. Athlon Sports mentioned that Williams is expected to start in the preseason game against the Houston Texans on August 1, 2024. “You can just tell he’s in a better space,” D’Andre Swift, Chicago Bears’ running back, said, per NBC Sports. “That comes along with time. Getting a better understanding of the offense. He had time off, so he had more time to study the offense. So you can tell he’s made strides since he’s been back [from the break]. I know he’s got a lot on his plate, a lot being...

Jul 23, 2024

Naomi Osaka’s Media Company, Hana Kuma, Receives Investment From The Players Fund, An Athlete-Led Firm

Naomi Osaka has scored another investment. As AFROTECH™ previously reported, the tennis athlete launched the media company Hana Kuma with Stuart Duguid in June 2022, in collaboration with LeBron James and Maverick Carter’s SpringHill Co., which serves as its financing, operations, and producing partner. In April 2023, Hana Kuma closed a $5 million funding round that included participation from SpringHill and other investors to support its team and programming and create “a more robust business plan.” The move was part of a spin-off that would give the company more independence. “We really want to see her build her own version of SpringHill,” Carter said then, according to The Hollywood Reporter. “We’ve worked really hard to get SpringHill where it is, but now we want to help others to do the same, and to do it different than as we have done at SpringHill, and to do it in their own way and their own voice.” Just over a year since its last investment, Hana Kuma has attracted...

Jun 18, 2024

How Nextdoor's Product Marketing and Multicultural Engagement Lead Reesha Howard Is Using Her Journey To Amplify Underrepresented Voices

Reesha Howard had an unconventional journey into her position as a tech executive. Born in the South Side of Chicago, IL, Howard recalls growing up to appreciate the differences in cultures and forging connections with people of color as well as with those who identified as queer. This was on full display while she attended Whitney M. Young Magnet High School. “It’s funny how when you take the time to reflect on how a journey started, you’ll notice all these clues along the way to where you were headed, long before you realized it…,” she mentioned. “ By the time I attended Whitney M. Young Magnet High School, I was deeply immersed in culture and always had strong connections with people of color and queer people.” Howard’s burgeoning advocacy later manifested in her career trajectory, which was uniquely challenging to embark upon. While attending Florida A&M University on a full-ride scholarship, she recalls feeling “ under-resourced” and “overwhelmed” with her responsibilities at...

Jun 17, 2024

11-Year-Old Quentin Hines' Interest In Lawn Mowing Started Once He Could Walk — Now, He's Turned It Into A Business Of His Dreams

11-year-old Quentin Hines is his own boss. According to CBS Mornings, Hines founded QJ’s Professional Lawn Care in 2022. His lawn-care company offers services like mowing, edging, weed treatments, and leaf pickup. His interest in lawn mowing began when he could walk, and he began to take greater control in mowing alongside his father when he was 8 years old. “I really enjoy it. It makes me feel very soothing,” Hines told CBS Mornings. View this post on Instagram A post shared by Quentin Hines Jr. Lawncare (@qjsprofessionallawncare) In the summertime, Hines invests extra time into his business. When he returns to school in the fall, his business activities are limited to weekends. Hines’ father Quentin Sr. and his mother Shirley run the business’s social media accounts to support their son’s business efforts. Hines’ fifth-grade classmates also support his business venture, and he is in the process of recruiting some of them to help expand his business. His overarching dream for his...

Jun 17, 2024

Cam'ron Claims He Went From Investing $120K In His Sports Show To Receiving A Multi-Million-Dollar Deal

Doing things on one’s own terms often pays off. In February 2023, Cam’ron launched the podcast “It Is What It Is.” While on a panel at Black Enterprise’s 2024 Disruptor Summit in May, the rapper recalled brainstorming the vision for his sports talk show and investing in himself. “All the sports shows to me were pretty much the same… So what I did was, I said I’m gonna invest $250,000 into this project,” Cam’ron told the outlet. “And I said, what I’m gonna do is I’mma build a professional setting and put on a suit, but talk how we talk to each other when it comes to basketball.” @blackenterprise From arguing with friends to a $20 million deal! Cam’ron breaks down the journey of his podcast and how it all started with a passion for sports and a $120k investment. #PodcastGoals #SuccessStory #Camron #ItIsWhatItIs ♬ original sound – BlackEnterprise Although Cam’ron chose $250,000 as the cap number for his investment, he shared that he only spent around $120,000. Plus, the show started to...

Jun 14, 2024

Caleb Williams Scales His Presence In The Investment Space With 888 Midas Launch

Caleb Williams, rookie quarterback for the Chicago Bears, is scaling his interest in the investment space. While in college at the University of Southern California, Williams was among the first athletes to leverage name, image, and likeness (NIL) deals. He became a part- owner of the male grooming company Faculty in 2022, as AFROTECH™ previously reported. He was also the No. 1 draft pick in the 2024 NFL Draf t and was picked by the Chicago Bears . Now, Williams is scaling his interest in the investment arena by launching his own investment firm. Williams has established 888 Midas, which will “capitalize on select alternative investments in private equity, venture capital, and real estate,” according to a press release. His partners and advisors will support the firm. They include: Sherif Guirgis, former managing director of Main Street Advisors Ross Walker, co-founder and managing partner of Hawkins Way Capital, a multi-billion-dollar real estate enterprise John Terzian, co-founder...

Jun 13, 2024

How Reggie Bush Wound Up With A Returned Heisman Trophy and $25 Million In Net Worth

Reggie Bush has been all over the news in recent weeks after the Heisman Trust announced a formal reinstatement of the NFL legend ‘s long-rescinded Heisman Trophy. Bush originally earned Heisman honors in 2005 while attending USC , before having the title stripped from him in a 2010 student athlete reimbursement scandal. Now, many football fans and fellow Heisman winners alike agree that a decades-old wrong has officially been made right, with Reggie Bush expected to attend future Heisman ceremonies as an esteemed alumnus. Despite the temporary loss of his Heisman honors, Reggie Bush continued to make waves on the field with NFL teams including the Miami Dolphins , the Detroit Lions, and the San Francisco 49ers, among others. Throughout the course of his NFL career, Bush is said to have taken in over $60 million in salary alone, resulting in a net worth of $25 million in 2024, per Celebrity Net Worth . Let’s examine the life and career of Reggie Bush, and analyze the multiple...

May 6, 2024

After Interning For Jesse Itzler, 50 Cent Stayed Loyal By Inking Contracts To Only Fly With The Entrepreneur's Jet Company

A serial entrepreneur has shared a story revolving around the early beginnings of 50 Cent building his business acumen. In an Instagram post, Jesse Itzler shared that the rapper and businessman was once an intern for him. According to Itzler’s website, he has built and sold Marquis Jet, Zico Coconut Water, 29029 Everesting , and more. He is also part owner of the NBA’s Atlanta Hawks.

Sep 22, 2023

How Vince Young Wiped Out Over $25M Thanks To His Love For The Cheesecake Factory And Other Spending Habits

An old saying suggests, “life comes at you fast.” And that’s a sentiment that proved to be true for former NFL player Vince Young. Young was a college quarterback standout for the University of Texas Longhorns. He would lead the team to a national championship win over the University of Southern California Trojans in the Rose Bowl in 2006. His collegiate performance on the field led to his drafting as the No. 3 pick to the Tennessee Titans later that year. According to Spotrac, Young’s initial contract with the Titans earned him $25 million. Throughout his career, he would go on to be signed by the Philadelphia Eagles, Buffalo Bills, and Green Bay Packers. During his overall time on the field, he averaged 8,964 passing yards and threw 46 touchdowns. However, it was his time with the Titans that launched him into NFL superstardom. According to Bleacher Report, Young became the first-ever rookie quarterback to rush for over 500 yards, leading the Titans to a record of an 8-8 finish...

Mar 8, 2023