Can a player own an NBA team and still play in the NBA?

Shuttlesworth · Post #1 » by **Shuttlesworth** » Tue Feb 26, 2008 2:38 am

After seeing the Lebron/Jay Z Thread. I started wondering, what would happen if a couple of high paid players LeBron, Kobe, Mike Finley etc. could form an ownership group that would buy an NBA team.

So hypothetically, these players would be on the same team they are right now, but have ownership stakes in another team.

Possible?

EDIT: Also, how would the control trades, because obviously the ownership group would have to the final say..

Taiwan Killa · Post #2 » by **Taiwan Killa** » Tue Feb 26, 2008 2:43 am

That's interesting. To take it further, if you're an owner can you sign anyone you want? Can Mark Cuban sign himself and force Avery to play him?

If a teammate doesn't pass it to you, you can just cut him.

Post #3 » by **Basti** » Tue Feb 26, 2008 2:50 am

I don't think there's any rule to not permit that

andyhop · Post #4 » by **andyhop** » Tue Feb 26, 2008 2:52 am

Unless the rules have changed since Jordans come back with Washington ,players aren't allowed to own teams or parts of them.

Post #5 » by **Basti** » Tue Feb 26, 2008 2:55 am

andyhop wrote:Unless the rules have changed since Jordans come back with Washington ,players aren't allowed to own teams or parts of them.

oops... lol screw my 1st post

Shuttlesworth · Post #6 » by **Shuttlesworth** » Tue Feb 26, 2008 2:57 am

andyhop wrote:Unless the rules have changed since Jordans come back with Washington ,players aren't allowed to own teams or parts of them.

That's (Please Use More Appropriate Word) if thats true. They should at least be allowed to own a team, but not have any of type say in what management does. I realize that would be a hard task for the NBA to regulate, though.

devwat12 · Post #7 » by **devwat12** » Tue Feb 26, 2008 2:58 am

You can't have a player/coach because you could circumvent the salary cap by paying a player tons to be a "coach" and peanuts to "play". I would imagine that is the same general concept that would prohibit player/owners.

Cevap · Post #8 » by **Cevap** » Tue Feb 26, 2008 3:00 am

didn't magic get a piece of the team when he signed one of his playing contracts with the lakers?

Vindicater · Post #9 » by **Vindicater** » Tue Feb 26, 2008 3:01 am

Honestly, im not sure

I know you cant own the same team you play for

But is it possible to have an ownership stake in another team?

andyhop · Post #10 » by **andyhop** » Tue Feb 26, 2008 3:09 am

Cevap wrote:didn't magic get a piece of the team when he signed one of his playing contracts with the lakers?

Magic bought 5% of the Lakers in 1994,then sold it back so he could make his comeback and then repurchased it when he retired again

Cevap · Post #11 » by **Cevap** » Tue Feb 26, 2008 3:10 am

thanks