New CBA Will Allow Players to Invest in NBA Teams, Promote Sports and Cannabis Betting

Photo: nba.com

A very important detail emerged on Saturday after Shams Charania from The Athletic reported. Per Shams, a new Collective Bargaining Agreement (CBA) will give players the option to invest in NBA or WNBA teams.

They will also be given the opportunity to promote and invest in sports betting as well as cannabis companies.

These enticing additions to the CBA can only cause a big wave in the sports landscape. The use of marijuana has been considered an unfair practice in the field, while sports gambling is considered to have significant repercussions – mostly negative – on match results, as it causes a major conflict of interest for all parties involved.

The use of marijuana among players is already allowed in the new CBA, as Charania revealed early Saturday. His expulsion from the league’s anti-drug program was met with controversy.

In terms of investment, all eyes are certainly on LeBron James, who has been open about his desire to own an NBA team ever since.

As of November last 2021, the NBA is already linked with DraftKings and FanDuel as official sports betting partners.