Three-time NBA champion Dwyane Wade has purchased an ownership stake in the Utah Jazz, joining majority owner and governor Ryan Smith with plans to take an active role in the franchise and region.
Wade, an eight-time All-NBA player with the Miami Heat, is the latest of several Hall of Fame-level players with NBA ownership stakes, including Grant Hill (Atlanta Hawks), Shaquille O'Neal (Sacramento Kings) and Charlotte Hornets majority owner Michael Jordan. Magic Johnson previously had a 4% stake in the Los Angeles Lakers.
"This goes way beyond the dream I had to just play basketball in the NBA," Wade told ESPN.