Bryant made his first investment in the brand, for roughly 10 percent of the company, in March 2014, putting in a total of roughly $6 million over time. Based on the valuation of the Coca-Cola deal, his stake is now worth approximately $200 million, sources told ESPN.
Bryant earned about $330 million in his 20-year playing career. Add endorsements and this investment, and he could be approaching the level of wealth necessary to buy a major share of an NBA team (if that’s what he wants, which it doesn’t seem to be).
But we need greater context to understand Bryant’s acumen as an investor. If he diversified his portfolio, reporting on only the big winner could be extremely misleading. It’d be like saying Bryant made 11,719 shots. It’s impressive. But understanding how impressive requires knowing how many shots he attempted.
Ben Simmons laughs at talk of him shooting right-handed
Trail Blazers guard C.J. McCollum explained Kevin Durant signing with the Warriors with an analogy about getting jumped by a gang with your brothers then joining that gang and forgetting about your brothers. McCollum called stars passing through Golden State to win big before joining another team – a la DeMarcus Cousins – “disgusting.”
Those comments have predictably generated plenty of discussion. But McCollum dislikes how those discussions are being framed.
Y’all stay bringing up old stuff. Yall got me out here looking like a bitter ex. 1 of the best teams ever assembled W/ 2 players you could argue are top 15 greatest to lace them up. 4 hall of famers w/ another one on the way. I’m happy stop making me look like a scorn man sheesh https://t.co/4xVYw5FDOv
Not everything McCollum says is newsworthy. Nobody is ethically obligated to amplify every comment he makes in a lengthy interview. Everywhere I saw, McCollum’s quote was given clear context.
It’s not newsworthy McCollum called the Warriors great. We all know they’re great. That’s why their existence is controversial.
And McCollum didn’t say just that he would never join Golden State. He called it “disgusting” then elaborated many other players would have too much pride for that track. The rhetoric was sharp and wide-reaching.
I found McCollum’s comments interesting, and I’m happy he shared them. I didn’t necessarily agree, but I appreciate his perspective. The NBA is more fun when more players reveal their differing points of view.
McCollum totally forgot about Iguodala – but not incorrectly. Durant, Stephen Curry, Draymond Green and Klay Thompson look like future Hall of Famers. Maybe Cousins gets there, too. But Iguodala doesn’t deserve it. He made only one All-Star game and mostly topped out at good-starter level. His Finals MVP – which should have gone to LeBron James or, if you insist on awarding a winning player, Curry – shouldn’t push Iguodala over the top.
The best part of McCollum’s Twitter defense today:
Does this give us a hint about what Dwyane Wade is thinking?
Probably not. What it means is that the Heat want some depth along the front line and, more importantly, a quality presence in the locker room. They want to bring back one of the icons of the franchise.
Udonis Haslem is reportedly nearing a contract with the Miami Heat, reports Tim Reynolds of the Associated Press.
Udonis Haslem and Miami Heat officials have had direct conversations in the last few days, with both sides now even more convinced that he will return to the team for a 16th season — as the Heat have hoped. Not finalized yet.
Haslem played in just 14 games for the Heat last season, and 72 total minutes. He just turned 38 and the Heat could use that roster spot to develop a young player. But this is about loyalty, and it’s a move that will play well in the locker room and with the fan base.
Wade also will like it. Whether it is an omen of his decision remains to be seen.