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Professional High School Basketball League

Discussion in 'Professional Basketball' started by ScriptOhio, Mar 5, 2021.

  1. ScriptOhio

    ScriptOhio Everybody is somebody else's weirdo.

    Overtime set to launch professional high school basketball league that pays players $100K

    The league is hoping to become an alternative to college for young basketball stars


    While a majority of NBA players make quite a good living through their contracts, college and high school basketball stars playing for free has been a hot button issue for years. Multimedia sports brand Overtime is trying to change that.

    They will be starting a professional basketball league that will offer high school basketball players an alternative to college in preparation for the NBA. Overtime Elite will begin in September 2021 and will feature 30 of the nation's top prospects from ages 16-18. The athletes will be given a guaranteed minimum salary of $100,000 in addition to bonuses and equity in the league.

    The league's athletes will also have access to healthcare and disability benefits. If an Overtime Elite athlete chooses not to pursue an NBA career, the league will pay them up to $100,000 to go towards college tuition.



    Entire article: https://www.cbssports.com/nba/news/overtime-set-to-launch-professional-high-school-basketball-league-that-pays-players-100k/
     
  2. ScriptOhio

    ScriptOhio Everybody is somebody else's weirdo.

    Matt, Ryan Bewley first high school juniors to join Overtime Elite league, sources say

    Two 6-foot-9 Florida twins ranked among the top 15 high school juniors in the country -- Matt and Ryan Bewley -- are signing two-year deals with the Overtime Elite professional league, sources told ESPN, marking the first prep underclassmen to sign contracts with an American professional basketball league.

    Matt, who is ranked No. 3 by ESPN for the Class of 2023, and Ryan, ranked No. 12, will forgo high school and college eligibility to join the start-up league in September for contracts that are expected to pay them each seven figures over the two-year range of the deals, sources said.

    OTE is a well-funded start-up for high school players who want to use the league as an alternative training program to traditional high school and college basketball before entering the NBA draft.

    The league has been preparing to challenge college basketball for the top underclassman high school players in the country, with the Bewley twins the first salvo in that battle.

    Entire article: https://www.espn.com/nba/story/_/id/31482947/matt-ryan-bewley-first-high-school-juniors-join-elite-league-sources-say
     
  3. ScriptOhio

    ScriptOhio Everybody is somebody else's weirdo.

    THE NEXT GENERATION OF ATHLETE EMPOWERMENT

    Overtime Elite (“OTE”) is a transformative new sports league that offers the world’s most talented young basketball players a better pathway to becoming professional athletes and engage and inspire a new generation of digitally native fans.

    Entire article: https://www.overtimeelite.com/
     
  4. OHSportsFan

    OHSportsFan Fan of Ohio Sports in Indy

    Almost at the european soccer model of full on academies. Next up is a team buying a kid’s rights at age 8 to train and develop until they sign to a senior/NBA team.
     
  5. NorthCoastKid

    NorthCoastKid Senior

    I'll be interested to see how long this Overtime Elite league lasts. For the time being, good on those kids for capitalizing on the opportunity. Can't even imagine getting paid $500k a year at 16 years old.
     
    OHSportsFan likes this.
  6. ScriptOhio

    ScriptOhio Everybody is somebody else's weirdo.

    They seem to be well funded for now:

    Overtime Sports Startup Raises Fresh Funds From Jeff Bezos, Drake, Dozens Of NBA Players

    Brooklyn-based sports startup Overtime has raised $80 million in Series C funding from investors including Bezos Expeditions (the personal investment company of Jeff Bezos), Drake and more than 25 current and former NBA stars including Trae Young, Devin Booker, Klay Thompson and Pau Gasol.

    In total, Overtime, which was founded in 2016, has now raised more than $140 million in funding.

    It also has 50 million social media followers and crosses verticals from content to e-commerce, its sports app, and live events. It said the fresh funds will go in part to develop new basketball league OTE (Overtime Elite), guaranteeing salaries for athletes and hiring a staff 80 league employees to launch an inaugural season in September.

    The full list of current and former NBA players invested in this round, including Deandre Ayton, Lonzo Ball, Will Barton, Devin Booker, Anthony Edwards, De’Aaron Fox, Pau Gasol, Aaron Gordon, Danny Green, Zach LaVine, Kyle Lowry, Kenyon Martin, JaVale McGee, Khris Middleton, Kelly Olynyk, Taurean Prince, Cam Reddish, Domas Sabonis, Garrett Temple, Isaiah Thomas, Klay Thompson, Thaddeus Young, Trae Young, Gerald Wallace, Hassan Whiteside, Andrew Wiggins, and Nick “Swaggy P” Young.

    Other investors include PROOF, Gaingels, Concrete Rose Capital, Dentsu Ventures, Intersect Capital, LightShed Ventures, WNBA All-Star and commentator Chiney Ogwumike, Rogue Insight Capital, Bakari Sellers, 10X Capital, True Capital Management, and Ares Management’s Nate Walton.

    Entire article: https://deadline.com/2021/04/overtime-sports-funding-jeff-bezos-drake-nba-players-1234741622/
     
  7. NorthCoastKid

    NorthCoastKid Senior

    Two more players (ironically, another set of twins) are signing on to the Overtime Elite league.

     

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