Michael Jordan paved the way for NBA players transitioning to ownership when he acquired the Charlotte Hornets. Following in his footsteps, Grant Hill, Shaquille O'Neal, Dwyane Wade, and Magic Johnson have all taken on roles as minority owners in various NBA teams. LeBron James has expressed his strong desire to join an ownership group, particularly with a potential Las Vegas NBA expansion team in the works. It seems like a natural step for him to follow the trend set by his fellow players turned owners.
Stephen Curry wants to join the club,
he said on CNBC’s “Squawk on the Street.”
Steph Curry, 4x NBA champion, discusses his ambitions to eventually be a team owner in the NBA.
Watch more of his interview here: https://t.co/LYmYMXmrnk pic.twitter.com/mvw9DAavFe
— CNBC (@CNBC) September 3, 2024
"For me, that's definitely on the table. I think I could do a pretty good job of helping sustain how great the NBA is right now and what it takes to run a championship organization...
"I know I have a lot more to accomplish on the court before I move into other roles in the league."
Curry recently agreed to a $62.6 million one-year extension
that locks him in with the Warriors for three more years, to age 39.It's easy to imagine Curry or LeBron in the role that Hill has in Atlanta and Magic had with the Lakers, not as the primary owner — they're rich but not "buy an NBA team outright" rich — but as a minority owner and face of the franchise. For example, LeBron James is now a billionaire (according to Forbes), but the expansion fee for the new NBA teams is expected to approach $6 billion, which is just the buy-in and does not include all the expenses of setting up a team.
Before we witness Curry the owner we will get a handful more years of Curry the player, and that's good for fans everywhere.