Jeff Bezos And Drake Want To Pay High Schoolers To Play Basketball
A sports-media startup in New York City with plans to pay high schoolers a minimum salary of $100,000 per year to play basketball in a new league has secured funding from a number of big names including Jeff Bezos and Drake.
Overtime recently secured $80 million in funding from investors including the Amazon CEO, the “God’s Plan” rapper, Reddit co-founder Alexis Ohanian and more than 25 NBA players, including Trae Young, Devin Booker and Klay Thompson.
In addition to paying its athletes and giving them insurance benefits, Overtime Elite will allow its players to profit off their name and image.
The league is expected to tipoff in September.