Dwyane Wade Joins Utah Jazz Ownership Group – NBC 5 Dallas-Fort Worth
Dwyane Wade is an NBA owner.
The Utah Jazz announced Friday that the 13-time NBA All-Star will join the league’s youngest ownership group.
The group is led by tech entrepreneur Ryan Smith, who together with his wife Ashley acquired a majority stake in Jazz in late 2020.
Wade and Smith have known each other for a number of years and have discussed working together in various roles.
“Not only is Dwyane a basketball legend, he’s a great leader, businessman and person,” Smith said in a statement. “As we continue to build on the incredible legacy of the Utah Jazz franchise, we are excited to add Dwyane’s experience and expertise to the equation. Utah is an amazing place and I couldn’t be more excited about the future of the franchise and the future of this state. Dwyne’s influence will be important to both. “
Wade played 16 NBA seasons with Miami, Chicago and Cleveland before retiring after the 2018-19 season. He won three NBA titles and had his # 3 jersey pulled back from the heat last month.
“The partnership with Ryan and Utah Jazz is a perfect fit because we share the same vision and values,” said Wade. “This group is not only focused on building a championship franchise, but is committed to using their platform to do good and actively create a more inclusive, fairer world. We share many of the same goals and try to reach the same places in life. “
Wade spoke about joining the NBA in the final seasons of his career and said in 2019 that he would discuss the potential of joining the Heat leadership group. The sides spoke without an agreement later that year, and it is unknown if talks ever resumed.
“I would like to congratulate Dwyane on his latest announcement,” said Micky Arison, managing partner of Heat, on Friday. “We had discussed adding him to our group of owners when he retired, but he wasn’t ready to commit at the time. Of course, I’m disappointed that he hasn’t reconsidered.
“Nevertheless, I wish him good luck and good luck with jazz. For me, Dwyane will always be a heat lifer. “