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Chris Paul Was Offered $100K By His Agent When Going To The NBA, But Here's Why His Parents Insisted That He Should Accept $25K

When Chris Paul was drafted to the league he turned down a substantial amount of money. The NBA player had been drafted in 2005 as the No. 4 draft pick by the New Orleans Hornets, Fox News reports. He was just 19 years old at the time. During an interview with Forbes, Paul mentioned he had just $151 in his bank account as a college student at Wake Forest University in Winston-Salem, NC, when he entered the league. One of his earliest actions was to bring on board a financial advisor, which ultimately resulted in him receiving an upfront offer of $100,000. However, his parents interceded, leading Paul to accept nearly a quarter of the initial offer. “My financial advisor who we hired, they said they would send me $100,000 and my parents said, ‘No that’s too much,'” he told Forbes. During an appearance on “The Shop,” he elaborated further stating, “Y ou know what happened? I was at Wake in Winston. I went to the bank right up the street just so I could see what the statement looked...

Samantha Dorisca

May 17, 2024

The Charlotte Hornets Are The Only NBA Team With A Black President, General Manager, Coach, And Assistant General Manager

The Charlotte Hornets are being led by a Black executive team. Following the selling of Michael Jordan’s stake in the team for a reported $3 billion in June 2023 to a group led by Gabe Plotkin and Rick Schnall, as previously reported by AFROTECH™, it is undergoing new changes in leadership. On March 5, 2024, Jeff Peterson was hired on as the executive vice president of basketball operations, notes the NBA. Before this role, he had been assistant general manager of the Brooklyn Nets. According to a press release, the team cemented a deal with Dotun Akinwale, who has worked in the NBA for 11 years as an executive, to bring him on as assistant general manager. Prior to the title, he had been promoted to vice president of player personnel for the Atlanta Hawks. On May 9, 2024, Charles Lee, who boasts a decade of experience as an NBA assistant coach joined the team as head coach, leaving the Boston Celtics. “We are excited to welcome Charles Lee as the head coach of Charlotte Hornets,”...

Samantha Dorisca

May 17, 2024

College Basketball Athlete Great Osobor Transfers To Washington With A Reported $2M In NIL Agreements Already Set

Promising opportunities are on the way for college athlete Great Osobor. ESPN reports Osobor, the Mountain West Conference Player of the Year, has settled on the University of Washington after entering the NCAA transfer portal. The forward previously played for Utah State University and had already expressed interest in moving to Washington after Utah coach Danny Sprinkle was hired on as the school’s newest coach, according to Fox Sports. “I would like to thank God for putting me in this position,” Osobor said, according to ESPN. “Washington will allow me to maximize my potential as a player in my final year of college basketball. Coach [Danny] Sprinkle has been with me every step of the way since I came from England, and I cannot wait to help the Huskies get back to the NCAA tournament.” Osobor’s move also signals a great precedence in the age of name, image, and likeness (NIL) deals. The outlet notes he has agreements, such as marketing assurances, in place that will set his NIL...

Samantha Dorisca

May 14, 2024

Big3, A Pro Basketball League Founded By Ice Cube, Sells Its First Team In A Reported $10M Deal

Ice Cube is finally putting plans in motion to sell teams included in his Big3 basketball league roster. According to Bloomberg, in a deal worth $10 million, the 3-on-3 basketball league has sold its first team to an outside party. Led by investment firm DCB Sports, a group has acquired the team, with Los Angeles, CA, to serve as its home city. This also launches the league’s transition from a touring league to a city-centric model. All 12 teams on the roster have been put up for sale. “We need to plant our roots in cities so we can be more than a rolling all-star game coming through,” Ice Cube said in an interview with the outlet. “It’s really about growing the sport and the league.” Created in 2017, teams in the Big3, which include the 3 Headed Monsters, Ghost Ballers, and more, have been owned and operated by the league. Per the report, management aims to announce four new ownership groups by the start of its season, which kicks off in June.   View this post on Instagram   A post...

Shanique Yates

May 13, 2024

Brittney Griner Reflects On Her Salary As A Professional Basketball Player — 'That Pay Gap Is Why I Was In Russia In The First Place'

Brittney Griner cites the pay gap as her motivation for wanting to play basketball for Russia in the past. On February 17, 2022, the WNBA athlete had landed at the Sheremetyevo International Airport near Moscow as she was set to play for the Russian Premiere League’s UMMC Ekaterinburg. It was the off-season for the WNBA, and playing overseas would afford Griner the opportunity to earn greater dollars than what she made playing in the WNBA. Though the events that followed have been widely publicized, including her detainment by Russia for carrying vape cartridges with small amounts of cannabis oil and her subsequent 293-day imprisonment, the reason she was there in the first place has been drawing more attention. Per Just Women’s Sports, the Russian team had been known to offer significant compensation to WNBA players. Those who have gone overseas to play for the team include Diana Taurasi and Sue Bird. “The whole reason a lot of us go over is the pay gap,” Griner said during her...

Samantha Dorisca

May 10, 2024

Deion Sanders On Generating $113.2M In Economic Value From 6 University of Colorado Boulder Home Games — 'Everybody Making Money'

The “Prime Effect” should not be ignored. Deion Sanders, who first received the nickname “Prime Time” by a former high school teammate — with it later morphing into “Coach Prime” while coaching at Mississippi’s Jackson State University — has the title for earned reasons. The night the nickname was born, he scored 37 points and had back-to-back dunks for his basketball team, he recalls during an interview with Jimmy Fallon on “The Tonight Show.” Sanders proved himself to be talented in various sports and would ultimately be chosen by the Atlanta Falcons as fifth overall NFL draft pick in 1989, per StatMuse. He played for 14 seasons in the NFL and walked away with two Super Bowl rings, Pro Football Hall of Fame states. Sanders’ background would lead him into the world of coaching. Between 2012 and 2019 he took on several coaching jobs at Texas high schools, including Prime Prep Academy (which he co-founded), Triple A Academy, and Trinity Christian High School. In September 2020, he...

Samantha Dorisca

Apr 29, 2024

Stephen A. Smith Recalls A Move He Made In His Career That Caused ESPN To Offer Him $600K Less Than An Initial Contract

For over a decade, Stephen A. Smith has been recognized as one of the faces of ESPN. Before becoming a host on “First Take,” the veteran sports broadcaster hosted “The Stephen A. Smith Show” on ESPN Radio from 2005 to 2008, per ESPN Press Room. By 2011, Smith returned to host a weekday local show on ESPN Radio 98.7FM in New York, NY, and a local show on ESPN LA 710AM in Los Angeles, CA. In an interview with “Earn Your Leisure” podcast, Smith recounted being fired from ESPN in 2009. He explained that the reason for his departure was that his contract at the time did not align with what he believed he should earn. “I thought that I deserved more than they offered,” Smith shared on “Earn Your Leisure. “I was appalled at the offer they made me. I did not like it. I did not appreciate it. I felt disrespected. And I said ‘No.’” Smith admitted that his disapproval with the offer he received was based on the acclaim and accolades that were pouring in for him. However, he says when he...

Ngozi Nwanji

Apr 25, 2024

Angel Reese’s Foray Into The WNBA Leads Jersey To Sell Out And Chicago Sky’s Tickets To Surge

The Chicago Sky team are already reaping the benefits of Angel Reese’s arrival. As AFROTECH™ previously told you, Reese, a current Louisiana State University (LSU) student, was drafted to the WNBA as the 7th draft pick in the first of three rounds on April 15, 2024, at the Brooklyn Academy of Music in New York, NY. She will be joined on the team by recent National Championship winner Kamilla Cardoso from South Carolina. “It’s a great moment. I’m super excited to go into the W,” Reese, 21, said in reflection during an interview on the “Today” show. “This has always been a dream for me and a dream come true. And then with amazing girls, only 15 girls get to be selected to come to New York and have this experience. And as a little girl, being able to put the dress on and actually go up there and hear a name called was amazing. So I’m just happy to be here and enjoy the moment.” Reese’s entry into the league is already being met with excitement. Within days of being drafted, the team’s...

Samantha Dorisca

Apr 25, 2024

Giannis Antetokounmpo Recalls Walking Away From An Adidas Deal That Didn't Fulfill Its Terms To Sign His Brother Thanasis Too

The Antetokounmpo family doesn’t play when it comes to their own. Nike has been a long supporter of Giannis Antetokounmpo and his family since the very beginning of his career in 2013, and it’s also what encouraged the NBA superstar to pass on another endorsement deal with one of the athletic apparel company’s competitors. According to Bleacher Report, during an appearance on the “Thanalysis Show,” Antetokounmpo recalled the moment he decided to walk away from a deal at Adidas because he was in a position where he needed to help support his family. After an initial offer featuring a deal for both Giannis and his brother Thanasis Antetokounmpo, Adidas backtracked on the plan, prompting Giannis to turn down the proposal. “[An Adidas representative] brought the contract and put it in front of me, and I’m like, ‘Okay great, where is my brother’s?’” Antetokounmpo explained, per Bleacher Report. “And he was like, ‘We’re not going to sign your brother’s today. You’re going to sign yours,...

Shanique Yates

Apr 19, 2024

In 3 Years Since Joining The Utah Jazz Ownership Group, Dwyane Wade Has Watched Its Valuation Go From $1.75B To $3.46B

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...

Shanique Yates

Apr 18, 2024

How Much Is Angel Reese Projected To Earn In Her Upcoming Years As A WNBA Player?

Angel Reese is heading to the WNBA. The current Louisiana State University (LSU) student, who is set to graduate on May 18, 2024, was among the 36 players to be called during the Women’s National Basketball Association (WNBA) draft. The event was held on Monday, April 15, 2024, at the Brooklyn Academy of Music in New York, NY, according to NBC’s local Channel 4. Reese was the No. 7 draft pick in the first of three rounds, and she will be headed to play for the Chicago Sky alongside South Carolina’s Kamilla Cardoso, per USA Today’s For the Win. They will be guided by head coach by Teresa Weatherspoon. “ANGEL” in the SKY👼🏽💙💛 pic.twitter.com/P0h60oFSXi — Angel Reese (@Reese10Angel) April 16, 2024 “It’s a great moment. I’m super excited to go into the W,” Reese explained during an interview on “Today.” “This has always been a dream for me and a dream come true. And then with amazing girls, only 15 girls get to be selected to come to New York and have this experience. And as a little...

Samantha Dorisca

Apr 16, 2024

Tiger Woods Says New Program Allowing PGA Tour Players To Collectively Access Over $1.5B In Equity Is 'Sports History'

Tiger Woods, famed golfer and PGA Tour Players board member, discussed plans for major changes in the world of professional golf.

Michelle Burk

Feb 7, 2024

Cam'ron Claims Offers Have Already Rolled In To Acquire His Newly-Launched Sports Talk Show

Cam’ron has been heavy in his sports bag and, apparently, big-timers are taking notice.

Ngozi Nwanji

Mar 16, 2023

Tanya Van Court's Goalsetter Joins TeamSnap To Support Underserved Youth In Their Physical And Financial Well-Being

Goalsetter is helping to bring financial literacy to the sports world in its latest partnership. The fintech platform has joined TeamSnap — a leading sports team management app — to support an increase of underserved youth having equal access to sport participation, according to a press release shared with AfroTech. The goal at hand is for the young athletes to have both physical and financial well-being. View this post on Instagram A post shared by Goalsetter (@goalsetterco)

Ngozi Nwanji

Aug 12, 2022