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Cam'ron Claims He Went From Investing $120K In His Sports Show To Receiving A Multi-Million-Dollar Deal

Doing things on one’s own terms often pays off. In February 2023, Cam’ron launched the podcast “It Is What It Is.” While on a panel at Black Enterprise’s 2024 Disruptor Summit in May, the rapper recalled brainstorming the vision for his sports talk show and investing in himself. “All the sports shows to me were pretty much the same… So what I did was, I said I’m gonna invest $250,000 into this project,” Cam’ron told the outlet. “And I said, what I’m gonna do is I’mma build a professional setting and put on a suit, but talk how we talk to each other when it comes to basketball.” @blackenterprise From arguing with friends to a $20 million deal! Cam’ron breaks down the journey of his podcast and how it all started with a passion for sports and a $120k investment. #PodcastGoals #SuccessStory #Camron #ItIsWhatItIs ♬ original sound – BlackEnterprise Although Cam’ron chose $250,000 as the cap number for his investment, he shared that he only spent around $120,000. Plus, the show started to...

Jun 14, 2024

Saquon Barkley Is Running It Up On And Off The Field With An Estimated $32M Net Worth

When football fans think of top-tier running backs, names like Emmitt Smith, Barry Sanders, and Walter Payton come to mind. But one of the new faces garnering attention in football is Saquon Barkley. A former Pennsylvania State University student-athlete, Barkley was the New York Giants’ No. 2 pick in the 2018 draft. His collegiate career proved how much of an asset he would be in the NFL. Barkley earned the titles of Big Ten Offensive Player of the Year and Big Ten Running Back of the Year twice in 2016 and 2017 at Penn State. He holds the university’s records for the most rushing touchdowns (43) and total touchdowns (53) as well. Barkley is also the only player from Penn State, and one of only four in the Big Ten, to accumulate 3,000 rushing yards and 1,000 receiving yards during his college career. After joining the Giants, he continued to be impactful on the field, running for 5,211 yards and scoring 35 touchdowns in his career as of 2023. Barkley recently signed a contract with...

Jun 14, 2024

Who Was The First Woman To Sign To The Jordan Brand?

The Jordan Brand has attracted some of the world’s greats to its brand. However, that should come as no surprise when considering who is at the helm, NBA legend Michael Jordan. It all began when his mother, Deloris, stepped in to ensure he took a chance on signing with Nike. “My mother said, ‘You’re gonna go listen. You may not like it, but you’re gonna go listen,” Jordan said in ESPN’s “The Last Dance” documentary, according to NBC Sports. “She made me get on that plane and go listen.” Jordan was originally looking to sign with Adidas, but he would make his commitment to Nike known when he signed to the brand in 1984 under a five-year, $2.5 million deal, Sports Illustrated reports. Immediately, Jordan’s presence and the staple Air Jordan exceeded expectations with sales reaching $126 million within one year. By 1997, the Jordan Brand began operating independently and also added apparel and accessories. T oday its annual revenue exceeds $6.6 billion, per Sportico. What’s more the...

Jun 13, 2024

When Deion Sanders Was Drafted To The NFL In 1989, He Made Sure His Mother Never Had To Work Another Day

Deion Sanders made a pledge to himself that he would retire his mother. Sanders, born in Fort Myers, FL, was raised by his mother, Connie, who after a divorce from his dad would later marry Willie Knight when Sanders was 8 years old. Around that age, he began to play baseball and football, according to WCPO-9 News. Sanders’ greatness would be on display as a high school student attending North Fort Myers High School occupying his time in three sports as an all-state performer: football, baseball and basketball. During his collegiate years following high school, he attended Florida State University between 1985 and 1989 and became a two-time All-American in football as well as led the baseball team to the College World Series, the outlet notes. In 1989, Sanders made it to the pros, selected fifth by the Atlanta Falcons in the first round, ESPN reports. The moment was not only significant for elevating Sanders in the athletic world but it allowed him to fulfill a long-held promise to...

May 31, 2024

Grant Hill Owns A Stake In The Baltimore Orioles, But Here Are The Other Teams He Has Maintained Ownership In

Grant Hill has diversified his wealth in team ownership. Hill had previously been a player across four teams in the NBA, and his time would conclude after 19 seasons. He accumulated more than $100 million during his playing days, and his earnings would only continue in retirement, CNBC reports. Atlanta Hawks In 2015, two years following his exit, Hill began sporting a new hat as a team owner. As previously mentioned by AFROTECH™, he became part of an ownership group headed by Ares Management Founder Tony Ressler, which acquired a stake in the NBA’s Atlanta Hawks from the ownership team led by Bruce Levenson, per Bleacher Report. The sale was reportedly valued at $850 million, reports ESPN. What’s more, it has proven to be a great addition to Hill’s portfolio as the team is now worth a staggering $3.3 billion, notes Forbes in 2023. Orlando City Soccer Club And Orlando Pride Hill widened his presence in ownership, alongside his wife, Tamia, becoming limited partners through their...

May 30, 2024

When Stephen A. Smith Signed A $1.3M Contract To Receive His Own ESPN Show, He Retired His Late Mother

Stephen A. Smith’s proudest moment was retiring his late mother. For the host of ESPN’s “First Take,” he has kept his mother in high regards due to her sacrifices raising him with a father he describes as “negligent.” In 2005, Smith was able to reward his mother when he signed a $1.3 million annual contract with ESPN to receive his own show, called “Quite Frankly,” he revealed on the “Hotboxin’ With Mike Tyson” podcast. At the time, his mother had retired as a registered nurse working at Queens General Hospital in New York, NY, but she took on work at the Police Athletic League (PAL) to fund her yearly vacations because she did not have additional earnings outsides of her pension and savings. “My proudest moment to this day was that I drove straight home, and I put it in my book straight shooter, I drove straight from Manhattan to Queens, New York. I walked right in that PAL and I grabbed her by the arm and I said ‘Let’s go,'” Smith expressed on the podcast. “I looked at her boss,...

May 23, 2024

Jaden Rashada Files Lawsuit Over Failed $13.8M NIL Deal With The Florida Gators

A first-of-its-kind NIL lawsuit is brewing. Forbes reports that Jaden Rashada is suing Hugh Hathcock and his business, Velocity Automotive; University of Florida football coach Billy Napier; and Florida’s NIL director, Marcus Castro-Walker, for alleged “fraud, negligence, and interference.” As previously shared by AFROTECH™, Rashada was initially committed to the University of Miami in Florida for a reported $9.5 million deal. However, in 2023, he pivoted to signing with the Florida Gators for $13.85 million, but the Gator Collective ultimately terminated the binding agreement. After the failed deal, Rashada moved on to Arizona State University and most recently transferred to the University of Georgia as quarterback. Now, Forbes details that Rashada has sued Hathcock, Napier, and Castro-Walker for allegedly causing him to not only lose out on the Miami deal but also potential offers from other colleges and universities. Moreover, he is seeking punitive damages. In Rashada’s...

May 22, 2024

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...

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,”...

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...

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...

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...

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...

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...

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...

Apr 25, 2024