Wade, an eight-time All-NBA player with the Miami Heat, is the latest of several Hall of Fame-level players with NBA ownership stakes, including Grant Hill (Atlanta Hawks), Shaquille O’Neal (Sacramento Kings) and Charlotte Hornets majority owner Michael Jordan. Magic Johnson previously had a 4% stake in the Los Angeles Lakers.
July 6, 2022 | 11:21 pm EDT Update
The Phoenix Suns today signed guard Devin Booker to a contract extension. “Devin has had a truly special impact on our organization, our fanbase and the Valley community since he first arrived in Phoenix,” said Managing Partner Robert Sarver. “We are grateful for all his contributions and we are thrilled to ensure that he will remain in a Phoenix Suns uniform into the future.”
“Devin, with his work ethic and commitment to excellence, has established himself as one of the league’s best players, elevating himself and our organization,” said General Manager James Jones. “We are beyond excited to extend the mutual commitment between Book, the Suns and the Phoenix community. He is just getting started.”
Michael Scotto: Sources: Bobby Portis has a 15 percent trade kicker in his four-year, $48.5 million deal with the Milwaukee Bucks, @hoopshype has learned. The deal also includes a player option on the fourth year of the deal.
Bobby Marks: The Tyus Jones contract in Memphis starts at $15M in the first year and declines to $14M in year 2. $1M in additional team performance bonuses Jones earned $8.4M in 2021-22 and will come close to doubling his salary for the upcoming season.
Tom Orsborn: Spotted Joe Wieskamp wearing a walking boot on his right foot while sitting near courtside at the Aces game. He said it isn’t anything serious. “I’ll be good,” he added. Will try to get a full report on Wieskamp from Mitch Johnson when Spurs practice Thursday.
Nick DePaula. Next month, @Damian_Lillard is launching “Formula Zero” in Portland, an annual invite-only elite skills camp & year-round mentorship for 20 top High School & 20 top College players. The camp will “provide the highest level of development both on & off the court,” says Lillard.