Steph Curry teases potential plan to own NBA team
Amid the latter half of his career, Golden State Warriors superstar point guard Steph Curry is reportedly considering a post-retirement NBA team ownership bid.
Preparing for his 16th season, Curry is coming off his 10th All-Star and 10th All-NBA selections. Meanwhile, after signing a one-year, $62.6 million contract extension on Thursday, he is locked under contract until the end of the 2026-27 season. So, the four-time champion seemingly doesn't have much incentive to retire anytime soon.
Nevertheless, during a Tuesday appearance on CNBC’s "Squawk on the Street," Curry highlighted his interest in eventually running a championship-quality NBA franchise.
"For me, that’s definitely on the table," Curry said. "I think I could do a pretty good job of helping sustain how great the NBA is right now and what it takes to run a championship organization."
Curry noted that his positive experiences with Golden State's ownership group have influenced his post-retirement plans.
In 2010, one year after he was drafted, an investor group, headlined by businessmen Joe Lacob and Peter Guber, purchased the Warriors for $450 million. They have since helped transform the team into the NBA's most valuable franchise, worth an estimated $8.2 billion per Sportico.
According to Curry, Golden State's ownership group's success stemmed from putting time and effort into creating an optimal player experience.
"The investment that it takes to create that first-class experience, so we feel taken care of, allows us to hoop at a high level," Curry said.
However, drafting Curry and his current and former co-stars Draymond Green and Klay Thompson also played key roles in the Warriors' ascension. So, if Curry hopes to experience similar ownership success, he will likely need his eventual squad to identify the right cornerstone players.
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Steph Curry says Michael Jordan's Charlotte Hornets ownership tenure amplified his NBA ownership interest
During his CNBC interview, Steph Curry also mentioned Chicago Bulls legend Michael Jordan's Charlotte Hornets ownership tenure as a driving factor in his NBA ownership interest.
In 2010, Jordan's ownership group purchased a majority share of Charlotte. The six-time champion served as the franchise's majority owner for 13 years before selling most of his stake and becoming a minority owner last year.
The Hornets struggled mightily throughout most of Jordan's ownership stint, having made the playoffs just three times since 2010. Their last postseason appearance came in 2016, marking the league's longest-active playoff drought.
Nevertheless, despite garnering a reputation as a historically incompetent owner, Jordan made a sizeable profit from his investment. After paying $275 million for the franchise in 2010, he netted $3 billion from his majority stake sale.
Thus, seeing an NBA legend take on a daunting ownership task and emerge financially successful seemingly caught Curry's attention. However, the 10-time All-Star appears highly motivated to have a far more successful potential ownership tenure than Jordan.
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