@visualizing29 There are many estimates that have been done, the most credible one is from Forbes when they analyze his net worth and the contributions to it
There’s a value to catalogues. Drake got $400m and has apparently already recouped.
Jay Z has done great things in business, he didn’t flip his catalogue into any of it
Ownership in itself is not as important as value. A lot of artists own their music. It’s about what financial value can be leveraged from it.
Jay Z also has similar deals, like he has a touring deal with Live Nation for 10 years that gave him $150m. Live Nation also
owns a stake Roc Nation from a previous deal he did with them. He also licensed 4:44 to UMG for Distro.
By the way Drake owns all the post cash money masters, that alone is more valuable than Jay Z’s entire catalogue. They talking about owning masters lol bro no worry
Earlier today I saw the Rich Paul clip about $200M not being, to paraphrase, a lot of money. Some are laughing at it. Other folks see a nuanced reality. I get both reactions.
Forget what he said, though. I'm only bringing it up because it made me want to talk about NBA money, and more timely, WNBA money.
A lot of us reached the NBA with humble roots and suddenly a lot of earning potential, if not immediate $. Some had good advisors they actually listened to, some didn't, and some were just figuring it out on the fly. But we all knew the $ was coming (and going to stop coming) eventually. We had time to get ready, even if some of us didn't use it as well as we should've.
The WNBA situation right now is diffferent, though. The CBA got done fast, free agency moved fast, and a generation of hoopers who spent their careers underpaid, grinding on modest salaries, suddenly became top 5 to 10% earners in this country almost overnight. Their incomes are public. People, from friends to fam to foes, are in their personal business in ways they probably weren't prepared for.
And I'm beginning to hear about it in my hoops network. Talks of anxiety, some real stressful situations, struggles that I think are starting to even manifest for some players on court.
Some of my dearest friends are OG W players. I like this league (a lot) and I'm glad the women finally got what they deserved. More pro$ than con$ to where things are right now, no question about that. But champagne problems are still problems.
I hope agents, financial advisors, and the W union are putting legit hours into this right now, sitting down with these women, answering their questions, making sure they have the tools to navigate their new reality, and are advocates for them, financially but also emotionally.
The women of the W earned their prize. Now let's make sure they're in a position to keep it.
My electricity bill just went up 4X because of the cost of diesel, even with an inverter that costs an arm and a leg.
I've never been this angry and frustrated this year.
Tinubu has to go fam!
@ReeseMula Doesn’t matter what he owns, it’s worth 5x less than what Drake got on his new deal to license his catalogue post young money. The numbers are the numbers.
Jay z made his money in other shit, not music ownership.
Legendary coach who maid 100 million on the backs of unpaid labor. Now wants to regulate the earnings of those who can finely earn fair market value. This is clown behavior.
Whatever. The last person with credibility on this issue is Nick Saban. Holy crap. This is the coach who built Bama into the unchallenged apex predator of the arms race he is now warning Congress about, who collected $11 million a year while Olympic sports got cut at Bama, who recruited every blue-chip prospect into a system that made the "spend to win" dynamic he now decries. Saban created the conditions for the race to the bottom and rode it to seven national championships, then retired the moment the players got a meaningful piece of the revenue. Now he is testifying before Congress as the moral authority on what went wrong. This clown is the arsonist trying to put out the fire.
Whatever. The last person with credibility on this issue is Nick Saban. Holy crap. This is the coach who built Bama into the unchallenged apex predator of the arms race he is now warning Congress about, who collected $11 million a year while Olympic sports got cut at Bama, who recruited every blue-chip prospect into a system that made the "spend to win" dynamic he now decries. Saban created the conditions for the race to the bottom and rode it to seven national championships, then retired the moment the players got a meaningful piece of the revenue. Now he is testifying before Congress as the moral authority on what went wrong. This clown is the arsonist trying to put out the fire.