Dwayne Wade did a lot of work during his basketball career. The eight-time All-NBA player won three titles with the Miami Heat and was an integral part of the South Beach community. He also became a strong ambassador for sports and social initiatives throughout the league.
Now, he is ready for his next challenge: the boss of the NBA team.
Wade has purchased an ownership stake in Utah Jazz. He is joined by majority owner and team governor Ryan Smith, founder of tech company Qualtrix.
ESPN’s Adrian Wojrowski Reported the news and said that the financial statement had not been disclosed. However, NBA rules require all ownership bets to be at least 1%. Smith bought jazz purchased in October for $ 1.66 billion; This means that Wade’s stake is at a bare minimum of $ 16.6 million.
Smith and Wade met at the California Golf Course shortly after Wade retired. The two quickly became friends, each with an interest in the other’s world. Wade, 39, wanted to know more about Smith’s tech empire, and Smith — who was only three years older than Wade — hoped that the former player could help not only from a basketball perspective, but in the sport and the community. Even with a strong cultural presence.
Smith has dedicated a four-year college scholarship to an undeserving student for every win of the Jazz. He has partnered with Apple CEO Tim Cook to invest $ 4 million in encounter homes, offering a safe haven for LGBTQ youth and their families. Wade, whose daughter is a part of the LGBTQ community, said the team has “no plans to shy away from racial and social and LGBTQ interactions.”
Wade cited a strong bond with jazz star Donovan Mitchell, whom he calls “2.0”, as another cited factor. Mitchell has often been compared to Wade, and Wade welcomes the comparison.
The former Heat guard, who spent 14 seasons in Miami, received offers from his old team. In the end, his chances of success with the Jazz prevailed.
Wade has emphasized a desire to join hands with the team, including holding meetings with free agents and consulting on other basketball matters. Their hoop acumen would be useful, as they would have many strong relationships throughout the league.
With the best record in the NBA, the Jazz already seemed ready for the big things. With Wade in Toe, he has received a laser focus on bringing home the first title in franchise history.