Yesterday, 09:53 AM
I am glad the NBA took a hard stand. IMO it was a big direction of the league thing. As we move forward, we are seeing the really rich guys are getting even more rich. They are purchasing teams. Saudi money is entering the league. Private equity is here. There is a gray line in what is legal and what is not legal. The league needed to come down hard or things can get out of hand. Moving forward it is going to be harder and harder to prove. I really don't blame the player as much. They are looking for every revenue stream they can get while in their playing careers. I am not saying they are blameless, but I hold the teams to higher standards.
KD made millions a few weeks ago investing in a company that was acquired. Is that on the up and up if a team contact connected him to this? What happens if a player gets an early seat on a hot IPO? Maybe they are putting their own money down, so maybe different? What happens if a player pockets 10 million to head over to an Arab State for a few days to meet and greet? Is that Legal? With the rich getting more rich and controlling more things there is going to be a lot of grey areas. Good for the NBA to come down hard in case someone else crosses that line. There should be fear of crossing that line imo.
KD made millions a few weeks ago investing in a company that was acquired. Is that on the up and up if a team contact connected him to this? What happens if a player gets an early seat on a hot IPO? Maybe they are putting their own money down, so maybe different? What happens if a player pockets 10 million to head over to an Arab State for a few days to meet and greet? Is that Legal? With the rich getting more rich and controlling more things there is going to be a lot of grey areas. Good for the NBA to come down hard in case someone else crosses that line. There should be fear of crossing that line imo.