Dwyane Wade on advising athletes and forming dream NBA owner super team with LeBron James, Chris Paul and Carmelo Anthony - bdsthanhhoavn.com

Dwyane Wade on advising athletes and forming dream NBA owner super team with LeBron James, Chris Paul and Carmelo Anthony

As Dwyane Wade sat courtside in Miami for Game 2 of the Heat-76ers playoff series, one couldn’t help but wonder how the three-time NBA champion and future Hall of Famer continues to win big even after hanging the sneakers up for good.

Flashing that disarming smile while sitting beside actress wife Gabrielle Union, Wade looked every bit the part of a happily retired man living his best life and enjoying the next phase of his career which includes weekly TNT studio appearances, NBA ownership, NFTs and yes, the metaverse.

One of the game’s iconic leaders on the floor, Wade is starting to assume a leadership role off the floor as the next wave of player empowerment begins to take shape: team ownership.

While promoting an NFT project and limited can release in conjunction with Budweiser Zero, the NBA legend spoke with The Sporting News about his post-playing career as a businessman and advisor for players who are one day interested in pursuing team ownership. Just as Wade purchased an ownership stake in the Utah Jazz in April 2021, he believes that many current players might try to follow a similar path once their playing days are behind them. 

“A couple of players have definitely told me that when the time is right in their careers, they need to know more information. They would definitely ask me, can they reach out to me? And I told them, you know, 1,000%.”

MORE: D-Wade among NBA stars showing out at 2022 Met Gala

That group of players includes some of Wade’s closest friends still playing in the league — LeBron James, Chris Paul, and Carmelo Anthony. 

“That’s what [the NBA] is supposed to be. It’s supposed to be a brotherhood. And so I’m definitely gonna walk [players] through this. Even with my friends, even with Chris Paul and Melo, LeBron, if they want to get into ownership, I’ve already been in. And so I can kind of talk to them through it a little bit as they go through the process of wanting to be a part of ownership.”

The NBA’s collective bargaining agreement prevents players from acquiring ownership stakes in NBA teams while they are still active players. But James, Anthony, and Paul have already dabbled in ownership in other sports. James is part owner of the Boston Red Sox and FC Liverpool. Anthony owns a stake in a Puerto Rican soccer team. And Paul recently purchased a minority stake in a cricket team in India. 

READ: Suns’ Chris Paul becomes minority owner of Indian Premier League’s Rajasthan Royal

There remains plenty of speculation on if those three would join NBA ownership circles after their playing days are over. James, Paul, and Anthony have made a combined $915 million — $349 million, $301 million, and $265 million respectively — from their NBA salaries alone, not including the many millions more through endorsement deals. According to an October 2021 feature in Forbes, James alone hauled in a record $111.2 million in 2021 after crossing over into billionaire status earlier in the year.

Wade revealed that the four have had conversations not only about owning teams, but owning them together. 

“When we were younger. We discussed [joining up] when we were younger, like, “Man, it’d be cool if we all owned a team together.” Like when we were just young and not really understanding that we would retire at different times and all these things. But it is something that we laughed about and joked about, like, ‘How cool would that be?’ You never know what happens, but it’s going to take the perfect storm for that to happen.”

Wade did leave the door open at the possibility. 

“Guys may team up. You never know. You could team up in ownership, too, just like you can in sports, in free agency. So you never know. I just think it’s cool that as players that we can even have this conversation, right? You put so much sweat equity into the game of basketball and that you can even be able to still benefit from the sweat equity that you put in when you’re done playing a game of basketball, it doesn’t just stop there. And so to have this opportunity [with the Jazz], I feel lucky and blessed. But obviously you want to continue to grow and you want more percentage and more control and all these things. So I’m very young and I’m very early and I just want to see if this is the place that I need to be in.”

Beyond involvement with the Jazz, Wade has been staying busy while immersed in a number of projects. Wade’s partnership with Budweiser Zero — which includes a limited release custom can and upcoming NFT project — represents his expanding interests away from basketball.

“This collection combines three of my passions — doing social good, bringing non-alcoholic offerings to more people and helping to create unique fan experiences in the metaverse. This is just the next chapter in my relationship with Budweiser, and I’m excited to see where else we can take Budweiser Zero.”  

Where exactly Wade’s future goes from here remains to seen. But regardless of whether it includes an ownership stake alongside the rest of the banana boat crew, you can be rest assured that Wade’s impact will continue to build well beyond basketball.

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