Rich Paul Rumors
National Basketball Association stars John Wall and Carmelo Anthony are new investors in a cannabis company. The pair helped California-based LEUNE raise roughly $5 million in a round that includes NBA agent Rich Paul, entertainer La La Anthony, music manager Anthony Saleh (whose clients include Future and Nas) and venture capital firm Casa Verde Capital.
Noel signed a one-year, $5 million deal with the Knicks. Noel thought he was worth more, but there were no bigger offers, and he eventually split with his agent, Rich Paul, in December. The former Kentucky product will be a free agent after this season and is having a strong audition. Knicks brass must decide this August whether to extend Robinson’s contract or let him become an unrestricted free agent in 2022. They can give themselves options by bringing back Noel, who is just 27 and a former lottery pick, on a multi-year deal.
Shams Charania: Ben McLemore’s contract with the Lakers is for the remainder of the season, Klutch Sports CEO Rich Paul tells @TheAthletic @Stadium .
Rich Paul, CEO and founder of Klutch Sports Group, the agency behind the career of LeBron James, has teamed up with three former Nike executives to form Adopt, a minority-owned company “focused on building brands by unleashing the power of sport and wellness.” “We lead with design, marketing, and technology and apply that to brands, helping them define their purpose for what’s next,” said co-founder David Creech.
Rich Paul, CEO and founder of Klutch Sports Group, the agency behind the careers of NBA superstars like LeBron James and Anthony Davis, shared his thoughts on what could have been with Allen Iverson. “Allen Iverson’s impact post-Michael Jordan was second-to-none. Give me Allen Iverson leaving Georgetown, coming into the league, and today Allen Iverson will have a billion-dollar brand,” Paul told “The Colin Cowherd Podcast.”
Iverson’s first signature sneaker, released his rookie year, would spin off 18 different models from 1996 until 2014. His series of shoes is the third-longest-running basketball line in history behind Air Jordan and LeBron’s Nike line. “The business to be built with Allen Iverson would’ve been still sustainable today. I think he would’ve been neck-and-neck with the ‘Black Cat’ [Jordan],” Paul said.
“Jay and I spoke this morning.” Paul said. “We are competitors, and a lot of times, the industry puts you against each other. But we compete in one area. … When Jay found out I was doing a book, he was like, man, I’ve got to have it. Sometimes, we want to do everything. Well, you can’t do everything. If Jay has a publishing company, I’ll go to his publishing company.” Paul says he wants to stay in the representation space because “this is the one space where you can change lives,” and his book will be for any kid who has to make the same tough choices growing up that he had to do — and who doesn’t want to change because of material success.