Invest in sports teams, leagues, and tech @ProfluenceCap. Former D1 hooper. Tweet about sports business/investing
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Jun 2 • 10 tweets • 3 min read
Blake Griffin is one of the NBA's most underrated businessmen.
$258M in contracts (and 𝘣𝘪𝘨 𝘮𝘰𝘷𝘦𝘴 coming post-retirement).
THREAD: Griffin’s 4 smartest investments
Blake Griffin averaged 19 points, 8 rebounds, and 4 assists over his career.
𝗡𝗼𝘁𝗮𝗯𝗹𝗲 𝗮𝘄𝗮𝗿𝗱𝘀:
• 6x NBA all-star
• Naismith College PoY
• 2011 Slam Dunk Champ
His publicity helped lead to...
Apr 13 • 8 tweets • 3 min read
José Bautista made $105M in MLB contracts.
But what he's doing off the field is even more impressive.
Here's the fascinating breakdown:
First, some background...
José Bautista:
• born in the Dominican Republic
• had a $300k offer from the Reds rescinded
• created a highlight tape that landed him w/ JUCO Chipola College (drafted by the Pirates)
And...
Mar 1 • 6 tweets • 2 min read
Jaylen Brown's off-the-court hobbies are some of the most interesting of any athlete.
Scouts even said he's too smart for the NBA.
Here's the fascinating breakdown:
Jaylen Brown's quick background:
❶ From Marietta, Georgia (5-star recruit).
❷ Chose Cal Berkeley (played 1-year)
❸ 3rd overall NBA pick by Boston Celtics
❹ Signed largest NBA contract ($304M)
Even wilder...
Dec 9, 2023 • 4 tweets • 2 min read
Shohei Ohtani just signed the richest deal in sports history (10 years $700 million).
Here's how much he will actually earn: 😲
$70M: Salary
-
$25.9M: Federal Tax
$4.65M: California Tax
$2.1M: Agent Fee
$2.0M: Jock Tax
$1.64M: FICA/Medicare
=
$33.6M: Net Income
Interesting points worth noting:
• MLB doesn't have an escrow (saving him ~$7m/yr upfront)
• Shohei will pay approx 53.75% in taxes.
• The contract has deferrals (meaning he will make slightly less than $70m/yr)
• His agent, Nez Balelo, also pays taxes on money earned
Sep 19, 2023 • 10 tweets • 4 min read
Deion, Shedeur, and Shilo.
The Sanders have captured the national spotlight and are making millions 💰
Here’s a look at the business behind them:
"Take off your sunglasses," said Colorado State's Head Coach...
The result...
Deion Sanders custom sunglasses racked up $1.2million in sales 48 hours after.
Jul 1, 2023 • 11 tweets • 4 min read
An all-pro shooting guard made $70M during his 13 years in the NBA.
After retiring, he built a portfolio of 100 businesses (and is now trying to 𝘣𝘶𝘺 an NBA team).
Here's the fascinating story:
Who Am I Talking About?
𝐉𝐚𝐦𝐚𝐥 𝐌𝐚𝐬𝐡𝐛𝐮𝐫𝐧 - a former NBA guard
He played college ball at Kentucky before being drafted 4th by the Mavericks.
But it was NBA team #3 he broke out with...
Jun 20, 2023 • 6 tweets • 2 min read
Lionel Messi is set to be the highest-paid athlete on US soil.
And his taxes will be steep: 👀
$55M: Salary
-
$20.35M: Federal Tax
$0: Florida Tax
$0: Agent Fee
$1.64M: Jock Tax
$1.29M: FICA/Medicare
=
$31.7M: Net Income
Messi has several things in his favor:
1️⃣ $0 State Income Tax in Florida
2️⃣ Jorge, his father, is his agent
3️⃣ Owns equity in Inter Miami
4️⃣ Has revenue-sharing agreements with Adidas, Apple, & Fanatics
And that's not all...
Jun 17, 2023 • 11 tweets • 3 min read
Shaq and Jeff Bezos follow the same exact investment strategy.
It helped them turn $250k into over $400 million.
Here's the fascinating story:
It’s 1999 and Shaq is dominating the world of basketball.
Over the next 3 years, he will go on to win consecutive championships with the LA Lakers.
But what he did off the court is even more impressive…
Jun 2, 2023 • 12 tweets • 4 min read
Jimmy Butler makes $45M in the NBA.
But a side hustle could make him billions.
Here's the fascinating story: 1) First, a little background...
Jimmy Butler is one of the NBA's most underrated players:
• 6× NBA All-Star
• NBA steals leader
• 5× All-NBA Teams
• NBA Most Improved Player
• 5× NBA All-Defensive Second Team
The Heat rewarded him for this...
May 28, 2023 • 11 tweets • 4 min read
Genius athletes that got into team ownership after retiring...
9️⃣ Serena & Venus Williams
Own a minority stake in the Miami Dolphins:
2009: $1B valuation
2023: $4.6B valuation
1st African-American minority owners in NFL history.
8️⃣ Alex Rodriguez
A-Rod purchased 20% of the Minnesota Timberwolves and Lynx for $1.5B in 2021.
He now owns 40% after...
Paying $290 million earlier this year.
May 27, 2023 • 9 tweets • 3 min read
Ja Morant has had some questionable off the court decisions lately.
But he's made plenty of SMART business moves over the last few years.
A billionaire by 30 years old?
Here's the fascinating breakdown:
First some background...
Ja Morant was born on Aug 10, 1999:
• both his parents we're college athletes
• dad gave up his pro career to raise him
• played at Crestwood HS in Sumter, SC
Ja left college for the NBA after 2 years at Murray State...
May 21, 2023 • 8 tweets • 3 min read
SNEAKY RICH NBA PLAYERS...
6️⃣ Luol Deng: $200 million
$136M in career NBA earnings.
Huge portfolio of hotels, resorts, and apartments that are worth ~$125M.
5️⃣ Grant Hill: $250 million
$140M in NBA salary and ~$120M from endorsements.
Hill Ventures $200M real estate portfolio and minority owner of the Atlanta Hawks.
May 20, 2023 • 8 tweets • 3 min read
Shaq is considered a smart businessman.
(but it wasn't always that way)
In fact, Shaq blew threw $20M in 3 days.
Here's the wild story:
Shaquille O’Neal is a legend: