Fresh Off Signing the Richest Contract in NBA History, Jayson Tatum Eyes WNBA Investment

Boston Celtics star Jayson Tatum could soon become part owner of a WNBA team. Tatum has “informally agreed” to join a bid led by billionaires Richard Chaifetz and David Hoffman to bring a WNBA expansion team to his hometown of St. Louis, according to NBC Boston. Photo from Instagram @jaytatum0 This potential investment is possible after there was a change in the NBA’s collective bargaining agreement, ratified in April 2023, which allows players to own up to 4 percent of WNBA franchises. If the deal goes through, Tatum would be the first active NBA player to hold such a stake. Investing In the WNBA St. Louis is competing with several other U.S. cities including Denver, Miami, Milwaukee, and Philadelphia, for the WNBA’s 16th team. The winning bid could reportedly cost over $200 million. The proposed St. Louis team would potentially play at the 10,600-seat Chaifetz Arena, already home to St. Louis University’s basketball teams. Tatum, who signed a historic five-year, $314 million contract extension, making it the largest contract in NBA history, often returns to his hometown for events and charitable efforts. Earlier this year, he partnered with SoFi to donate $1 million toward homeownership initiatives in St. Louis. The...