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Opinion: Will NIL Deals Help Better Black Athletes' Futures?

NIL deals are here to stay, whether you like them or not. After all, the NCAA generated over $1.15 billion in revenue in 2021, and up until then, it was illegal for athletes to be compensated.

Ross Mac

Oct 18, 2022

NBA Stars And College Athletes Team Up To Launch Personalized Experiences For Fans Through A New Marketplace

NBA, WNBA, and college All-American players are teaming up to launch Daps, a new marketplace aiming to reenergize sports fans.   View this post on Instagram   A post shared by Daps (@getdaps)

Samantha Dorisca

Oct 18, 2022

Allyson Felix Talks About 'Learning Her Own Worth' With UBS' Wale Ogunleye

When it comes to tapping into the power of how intersectional sports is, Wale Ogunleye has been at the forefront especially now as the Head of Sports and Entertainment at UBS, a global financial services company. In 2021, the former NFL player spoke with AfroTech and shared how he’s teaching financial literacy to today’s athletes. Now, Ogunleye recently hosted a fireside chat for UBS — along with Jane Schwartzberg — where he spoke with U.S. Olympian Allyson Felix. When Felix made the daring move to depart from her Nike deal due to their lack of support for pregnant female athletes and new mothers, her leap of faith was a wake up call for action heard across the nation. The gold medalist’s courage and advocacy for women and motherhood is what specifically moved Ogunleye to feature her for UBS. Photo Credit: Vivien Killilea “The sports world intersects with corporate America and corporate America puts their limitations and marginalizes women and people from diverse backgrounds,”...

Ngozi Nwanji

Feb 4, 2022

Ivan Tchatchouwo's The Zone And Morgan Stanley Partner To Promote Financial Wellness For Athletes

The Zone and Morgan Stanley are partnering to ensure member athletes can obtain total wellness. Founded by two former student-athletes, Ivan T chatchouwo and Erik Poldroo, The Zone was birthed to create a home for athletes to seek support for their mental health as they would for other areas of concern such as physical injury or academic conflicts. The founders recognize finances are a leading source of stress and constraints can permeate into other areas of productivity and performance. “Evidence highlights that stress related to personal finance overwhelmingly yields poor individual results, directly tied to how one feels and ultimately how one produces and performs in a given area – whether in sports, the classroom or in the workplace,“ Ivan T chatchouwo told AfroTech. He continued: “As a former student-athlete myself, along with Erik, and in speaking to several other fellow current or former student-athletes, we could all relate at some point or another to feeling some form of...

Samantha Dorisca

Dec 30, 2021

NFL's Bobby Wagner Becomes Equity Holder In Investment Platform Said To Be Valued At $1.2B

Seattle Seahawks linebacker Bobby Wagner revealed an exciting opportunity for fans to tap into the stock market on Wednesday. CNBC reported the National Football League (NFL) player has become an equity holder in Public.com, a social investing platform that allows individuals to invest in companies commission-free. In addition, Public promotes financial literacy by allowing users to follow domain authorities and familiar investors. Since the company’s inception in 2019, it has raised $310 million from investors including Accel, Greycroft, and high-profile celebrities like Will Smith and J.J Smith. While the terms of the linebacker’s agreement have not yet been disclosed, he did share the incentive for the recent venture. “I want people to understand how money works and how people invest,” Wagner stated in an interview with CNBC on Tuesday. “You can have conversations with people to get their thoughts on why they are investing in certain things.” The social investment platform —...

Samantha Dorisca

Sep 16, 2021

Kevin Durant Inks Deal With Weedmaps To Change The Conversation Around Cannabis For Athletes

Kevin Durant is one of the latest public figures to lend a helping hand to the cannabis space. However, instead of cashing in like other celebrities, he’s more focused on a plan to destigmatize the industry. Earlier this month, the Brooklyn Nets player and his investment firm, Thirty Five Ventures, in addition to its sports media network, Boardroom, inked a multi-year deal with cannabis e-commerce company Weedmaps — dubbed the “Yelp for pot.” The inclusive collaboration will reportedly combat the many misconceptions around cannabis and advocate for its legalization. Moreover, the new partnership includes a sponsorship deal with Boardroom that will help advance the conversation around athletes’ use of cannabis and its wellness properties that can be beneficial for recovery. In addition to that, Boardroom will also work with Weedmaps to produce an original content series, which is tentatively slated to debut in 2022. “Now more than ever, there is so much opportunity for growth in the...

Njera Perkins

Aug 31, 2021

Jay-Z's Roc Nation Sports Co-Launches Gaming Initiative To Get Athletes Immersed In Esports

Jay-Z’s Roc Nation has a hand in nearly every industry these days, and now it’s casting its net even wider with the future of esports. Roc Nation Sports has partnered up with the Gaming Community Network (GCN) — which is also part of GameSquare Esports Inc. — to create global gaming solutions for star-studded athletes and expand their presence in esports, a press release reports. The multi-year partnership intends to build on a collaboration that will develop “authentic bespoke athlete-centric strategies” for athletes — including esports tournaments, gaming content production, live streaming events as well as ​​offer content syndication across the GCN Network, which hosts 85-plus gaming and esports-centric websites. “Partnering with Roc Nation Sports continues our growth of building GameSquare into an esports powerhouse,” said GameSquare CEO Justin Kenna in a statement. “With our recent acquisitions of Complexity and Cut+Sew/Zoned and adding Paradigm Sports to our advisory board, we...

Njera Perkins

Aug 19, 2021

Shaquille O'Neal To Sell His Minority Ownership Stake In NBA Team Worth Nearly $1.9B

Shaquille O’Neal may be giving up his NBA team ownership now, but he’s gaining something else in return with his new endorsement deal. According to Clutch Points, the former Los Angeles Lakers player has inked a new deal to become a brand ambassador for premier mobile sports betting app WynnBET that will make him the new face of the brand. As part of his new exclusive partnership, O’Neal is required to sell his minority stake in the Sacramento Kings — which equals out to roughly 2-4% of an NBA team that’s now valued at $1.9 billion (What’s interesting is that the team was reportedly valued at $534 million at the time he became partial owner). However, the idea of this new partnership is to help bolster WynnBET’s profile with the support of a major sports figure. NEWS: Shaq has been named a brand ambassador for @WynnBET and will be the face of advertising campaigns across TV, digital, and print. To comply with NBA rules, Shaq will have to sell his minority stake in the Sacramento...

Njera Perkins

Aug 10, 2021

Dak Prescott Is Leaving adidas To Become The Highest Paid Jordan Athlete In The NFL

Dallas Cowboys quarterback Dak Prescott is taking full advantage of the NFL offseason to boost his riches. According to a source close to the franchise athlete, Prescott is reportedly ending his deal with adidas to join the Jordan brand for a huge five-year contract, ESPN reports. The new deal will make the quarterback the highest-paid NFL player aligned with the brand. ESPN’s Adam Schefter broke the news on social media late Wednesday night (June 9) tweeting, “Cowboys’ QB Dak Prescott is leaving adidas and signing a five-year agreement with the Jordan Brand, per source close to situation. Prescott will be the only Jordan Brand QB, the only Cowboys player, and highest-paid NFL player on the Jordan Brand roster.” Schefter also reported that the quarterback’s deal was negotiated by both the Jordan Brand team and his marketing agent Peter Miller of JABEZ Marketing Group. Both parties involved shared that they believe “this ground-breaking deal creates a perfect marketing storm around...

Njera Perkins

Jun 10, 2021

Over 100 Athletes Donate Sports Memorabilia to Coronavirus Relief Fund

Amid the coronavirus outbreak, millions of people around the world are coming together to help those in need. Whether they’re giving back, donating supplies, or contributing to relief funds, companies and people are doing their part to support one another. Sports, in particular, is an industry that’s taken a heavy hit as many events and games have been suspended indefinitely. While all sports are on pause right now, some big-name athletes like Zion Williamson, Stephen Curry, and Kevin Love are digging into their wallets to pitch into the relief efforts. Most recently, sports agency Octagon has launched its own initiative, Athletes for COVID-19 Relief , as a fundraising tool for all athletes to show their support for those in need. View this post on Instagram A post shared by Nathan Adrian (@nathangadrian) Through this fund, Forbes reports that over 100 athletes from various sports have donated their signed memorabilia to help raise money to go towards supplies and other relief...

Njera Perkins

Mar 23, 2020

Georgia Man Pleads Guilty To Hacking Apple Accounts of Famous Rappers and Athletes

On Wednesday, a Georgia man pleaded guilt y to hacking the Apple accounts of professional athletes and musicians. Beginning in at least March 2015, 27-year-old Kwamaine Jerell Ford made accounts meant to mimic Apple customer service. He sent emails targeting college and professional athletes — including NBA and NFL players — and rappers. Authorities have not released the names of those impacted. Ford took accounts over by attempting to reset the password, changing the contact email, and changing the security questions. Apple reported that they received “hundreds” of unauthorized logins from the victims’ accounts. On some accounts, Ford found credit card information, which he used to pay for “thousands of dollars in air travel, hotel stays, other travel expenses, furniture, and money transfers”. “The high profile victims in this case are an example that no matter who you are, hackers like Ford are trying to get your personal information,” FBI agent Chris Hacker said. “This case...

Vanessa Taylor

Apr 1, 2019