The NBA and NBPA reached an agreement for a tentative deal on a
new Collective Bargaining Agreement early Saturday morning. Among the details of the new CBA includes a rule which will enable players to invest in NBA teams, according to
Shams Charania of The Athletic.
The NBA would become the first of the major American professional sports leagues to give players the chance to invest in an equity stake in their respective teams, which could present massive financial upside to the athletes.
Additionally, the new CBA is set to enable players to promote and invest in sports betting and cannabis companies,
per Charania.