Dwyane Wade announced this week that he has purchased a stake in the Utah Jazz, but the former NBA star is not giving up his career in television.
Wade will remain in his role as an analyst for TNT’s “Inside the NBA,” according to Marc Stein of the New York Times. The three-time champion will be subject to the same rules and regulations as his colleagues, Shaquille O’Neal and Grant Hill, who also own stakes in NBA teams. Shaq is a minority owner with the Sacramento Kings and Hill is part of the Atlanta Hawks’ ownership group.
As long as he remains in TV, Wade will not be able to take part in basketball operations with the Jazz, including the recruitment of free agents.
Wade said he wants to take a hands-on role with the Jazz, so it will be interesting to see how he balances that with his TV responsibilities.
Dwyane Wade announced on Friday that he has purchased a stake in an NBA team, but that team was not the one with which he won three championships. Miami Heat owner Micky Arison admits he is not thrilled about that.
After Wade shared his big news, Arison took to Twitter to both congratulate the Heat legend and address the question many have asked — why didn’t Wade buy a stake in his former team? Arison said the Heat spoke with Wade about joining their ownership group when the 13-time All-Star retired in 2019, but Wade was not ready to commit at that time.
“I want to congratulate Dwyane on his recent announcement,” Arison wrote. “We had discussed having him join our ownership group after his retirement but he was not prepared to commit at the time. Of course I am disappointed that he didn’t reconsider. Having said that I wish him good luck and much success with the Jazz. To me Dwyane will always be a HEAT lifer.”
Wade also addressed the Heat questions.
“The respect I that I have for that organization will not go anywhere, the love that I have for the [Heat] fans — that goes nowhere,” he told ESPN. “But this is about the next phase of my life as an investor, a businessman, an entrepreneur. For me, this is an opportunity to grow.”
The biggest factor in Wade’s decision to buy into the Jazz was his relationship with majority owner Ryan Smith. The two developed a close relationship after Wade retired, and Wade said that is what made him want to be involved in Utah.
Of course, there were also some issues between Wade and Miami’s brass when he left the team in 2016, but Wade later returned and finished his career with the Heat. It’s unlikely that any of that tension contributed to his decision. He simply views the situation in Utah as a better one for him.
Dwyane Wade is the latest former professional athlete to purchase a stake in an NBA team, and he is planning to treat it like more than just a passive investment.
Wade told ESPN’s Adrian Wojnarowski on Friday that he has purchased a stake in the Utah Jazz, joining majority owner Ryan Smith. Wade said he has been inspired by other former NBA players who have joined ownership groups like Michael Jordan with the Charlotte Hornets, Shaquille O’Neal with the Sacramento Kings and Grant Hill with the Atlanta Hawks.
“If this partnership is going to be anything like my relationship is with Ryan, there are going to be a lot of things that I’ll want to be involved in,” Wade said.
“… Unfortunately, people in my community don’t get this opportunity, and I do not take it lightly to have this opportunity. To make real change, this is where you have to be — at the top — and Ryan knows that. I’m thankful for him, and I know too that I bring a lot to this partnership outside of just my basketball knowledge and skills.”
Wade said he considers Smith a “mentor” and became friends with him shortly after Wade retired in 2019. Smith purchased the Jazz for $1.66 billion in October and proposed the idea of Wade joining the ownership group. It’s unclear what size stake Wade has, though the NBA has a bylaw stating ownership stakes can be no less than 1 percent.
Many will wonder why Wade didn’t try to join the Heat’s ownership group, as he spent the majority of his career there and won three NBA titles in Miami. Wade addressed that.
“The respect I that I have for that organization will not go anywhere, the love that I have for the [Heat] fans — that goes nowhere,” Wade said. “But this is about the next phase of my life as an investor, a businessman, an entrepreneur. For me, this is an opportunity to grow.”
Wade’s announcement comes just days after MLB legend Alex Rodriguez bought a stake in the Minnesota Timberwolves. One T-Wolves rookie hilariously had no idea who A-Rod was (video here), but we don’t think Wade will have that issue in Utah.
Dwyane Wade caught his TNT crewmate Shaquille O’Neal sleeping on Tuesday.
Wade and Shaq are two of the analysts during TNT’s NBA coverage on Tuesday nights. Wade posted two videos on Instagram that showed Shaq appearing to take a nap backstage. Shaq seemed to have an astronaut-like powered air purifying respirator helmet on backstage.
Shaq appears to be trying to protect himself from COVID-19 even while sleeping. Luckily for TNT he was awake enough to provide commentary when they were on air. He gave some love to Devin Booker, who was originally left off the All-Star team.
Dwyane Wade has answered the million dollar question regarding the NBA Finals.
The Miami Heat beat the Boston Celtics in Game 6 of the Eastern Conference Finals on Sunday to advance to the NBA Finals. They will meet the Los Angeles Lakers, putting two teams that missed the playoffs last year against each other.
Wade spent 15 of his 17 NBA seasons playing for the Heat. But one of his best friends, LeBron James, plays for the Lakers.
So who is Wade rooting for? Magic Johnson asked that question, and Wade answered. He says either way he will be happy with the outcome, but he is going pulling for the Heat.
That’s how it should be.
Wade is revered as a franchise icon and continues to have deep ties to the organization, its owners, members, and players. It would be odd for him to choose James over all of that.
But like he said, there will still be something to celebrate either way, and maybe a reason to do some trolling too.
Dwyane Wade went most of his life and NBA career ink-free, but he has since embraced tattoos and gotten quite a few. He is even being roasted for the quality of his most recent piece.
Wade shared a photo on his Instagram account Thursday of a new tattoo on his forearm. The tattoo portrays Martin Luther King Jr.’s “I Have a Dream” speech that was delivered in 1963.
The sentiment behind commemorating the famous speech is admirable, but Wade’s followers were not impressed by the quality of the tattoo.
For Wade’s sake, let’s hope the tattoo is a work in progress. Last year, the former Miami Heat star got a tattoo of his logo on his knee. That one at least looked better.
Dwyane Wade could not help but respond to LeBron James’ supposed “Miami Drip.”
The Los Angeles Lakers star James showed up before Monday’s bubble game against the Denver Nuggets in an interesting open-chested fit.
Wade, James’ former Miami Heat teammate and good friend, was guesting on Monday’s NBA pregame show on TNT and poked fun at James’ outfit by showing up to the studio wearing one of his own. The retired star even put on some baby oil to suggest that James had done the same.
Both Wade and James, who won two championships in their four seasons together in Miami, have definitely made some unique fashion statements over their many years in the spotlight. Now we will have to wait and see if another of their old teammates decides to get in on the fun too.
Dwyane Wade tried to do some clarifying through his Twitter account Wednesday after previously expressing support for Nick Cannon, who was fired over anti-Semitic messages.
Cannon, an actor/rapper/entertainer, was fired on Wednesday by Viacom for comments on his podcast “Cannon’s Class” on YouTube in which he agreed with rapper Richard Griffin. Griffin was fired from Public Enemy in 1989 for saying Jews were “wicked”. In the interview with Cannon, Griffin said he is hated now for speaking the “truth”. Cannon said Griffin was “speaking facts.”
After the matter was brought to light, Cannon said he had no hate intended when he said those things.
He later addressed the situation in a lengthy Facebook post.
Wade, a 13-time NBA All-Star who retired after the 2018-2019 season, sent a tweet to Cannon on Wednesday saying, “We are with you. Keep leading!”
Wade deleted the tweet after some backlash. He tried to clarify that he was not supporting what Cannon said, but Cannon’s attempt to claim ownership of TV show “Wild ’N Out.”
Wade then mentioned the anti-Semitic content in a followup tweet.
Jayson Tatum has been complimented for years now as having arguably the best hairline in the NBA, but the Boston Celtics star is rocking a new look in advance of the resumption of the season. Let’s just say the feedback has not been overwhelmingly positive.
Tatum let his hair grow out after the NBA season was postponed, and the 22-year-old is now rocking some serious curls. Dwyane Wade was among the many who commented on Tatum’s hairstyle.
It didn’t stop there, but at least Tatum has a sense of humor about it. The former Duke star tweeted on Saturday about how people are trolling him. You can see some of the most popular responses below:
Tatum’s hairline has been a topic of discussion on multiple occasions — usually when his peers are talking about how much they envy it. It doesn’t seem like his new look is going to draw the same praise. At least it’s nowhere near as bad as Shaq’s hairline was after he lost a bet to D-Wade.
The brouhaha between Jimmy Butler and TJ Warren seems like it happened years ago, but fortunately we could be getting a second helping in Orlando.
As part of the NBA’s seeding game schedule release for the planned restart of play in late July, it was revealed that the Miami Heat would play the Indiana Pacers twice in one week, bringing Butler and Warren back together. Retired Heat star Dwyane Wade took to Twitter Saturday to express his excitement.
In case you forgot, Butler and Warren got into an altercation when they last met in January, resulting in Warren being ejected. After the game, Butler called Warren “soft” and “trash,” saying that Warren could not guard him.
Wade, Butler’s close friend, former Chicago Bulls teammate, and successor as the star player of the Heat, will obviously be rooting for Butler in Round 2. The rest of us will be able to watch the beef unfold for ourselves as well when Miami and Indiana have their scheduled meetings on Aug. 10 and 14.