As the details of the next collective agreement are revealed, The Athletic has made an astonishing announcement: from next season, basketball players should thus be authorized to invest in NBA and WNBA franchises but also in betting companies or even in the field of cannabis.
For marijuana, it’s not really surprising because many retired basketball players have already done it. The substance will also disappear from the list of products banned by the league next season.
And a player like Kevin Durant was also associated with communication campaigns on the subject.
Game changer: The league’s new collective bargaining agreement will give players the ability to invest in NBA and WNBA teams, as well as promote and/or invest in sports betting and cannabis companies, sources tell @TheAthletic @Stadium.
— Shams Charania (@ShamsCharania) April 2, 2023
On the other hand, it is surprising that the NBA allows players to invest in NBA and WNBA franchises, as well as in sports betting companies. In both cases, the risk is indeed linked to possible conflicts of interest.
As with managers (Tim Connelly), will we see players from the summer of 2024 signing contracts which also include shares in the franchise they are joining? It would be a real revolution…
