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Players will be able to invest in NBA and WNBA teams via a private equity firm as part of the new collective bargaining agreement, sources told Shams Charania and Mike Vorkunov of The Athletic.
The new CBA will also give players the ability to promote or invest in gambling and cannabis companies, including the ability to sign non-gambling endorsements with sports betting companies.
The new CBA will still need to be ratified by players and team governors.
Suns guard Chris Paul reached 11,000 career assists with a pair in the first quarter against the Clippers, one of his former teams, on Sunday night.
The Sacramento Kings and the NBA began a joint investigation Thursday into allegations that coach Luke Walton sexually assaulted a woman. The Kings and the league said they will be looking into the accusations from a lawsuit filed this week in Los Angeles by former sportscaster Kelli Tennant. Walton&
