New CBA to allow players invest in NBA teams, promote sports betting & cannabis
A much significant detail appeared Saturday upon the report of Shams Charania of The Athletic. Per Shams, the new Collective Bargaining Agreement (CBA) will give players an ability to invest in NBA or WNBA teams.
They will also be given a chance to promote and invest in sports betting, as well as cannabis companies.
These enticing additions to the CBA can only deliver a major wave in the sports landscape. The usage of marijuana was considered an unfair practice in the field, while sports gambling is viewed having a major implication – mostly negative – in the outcomes of the matches, as it develops a major conflict of interests in all sides involved.
Marijuana usage among players has already been allowed in the new CBA as what Charania reported early Saturday. Its removal on the league’s anti-drug testing program drew mixed reactions.
On the investment side, all eyes are certainly watching on LeBron James, who has been vocal ever since in his desire to own an NBA team.
The NBA is already tied with DraftKings and FanDuel as their official sports betting partners as of November last 2021.
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