NBA’s CBA Contains New Investment Opportunities For Players
As reported by multiple sources, including Eric Fisher of Front Office Sports, the NBA and NBA Players Association have agreed on a new collective bargaining agreement that outlines big changes for how professional basketball operates.
The league’s newly signed seven-year labor deal with the National Basketball Players Association — memorialized in a 676-page document — will impose big changes on how the sport operates.
The agreement also details many other, lesser-known elements:
- Individual players can own up to 4% of WNBA clubs not owned by a NBA team owner, and up to 8% of such a team collectively.
- On behalf of all players, the NBPA can invest in private funds acquiring equity stakes in NBA teams, with the union investment capped at 5% of the fund’s aggregate capital.
- Players may hold passive, non-controlling interests in sports betting or fantasy companies. Those equity stakes are limited to 1% for companies offering NBA-related bets or contests, and players can’t promote NBA-specific betting.
- Marijuana has been removed from the NBA’s banned substances list. Players may also promote and invest in companies producing CBD products.
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Author: David Keech
David Keech is a retired teacher and works as a sportswriter, sports official and as an educational consultant. He has reported on amateur sports since 2011, known as 'KeechDaVoice.' David can be reached at [email protected]
