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Dwyane Wade buys Utah Jazz ownership stake

Dwyane Wade is taking a bold, exciting new step to further his NBA legacy by purchasing a Utah Jazz ownership stake.

Matt Fitzgerald

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NBA legend Dwyane Wade has huge plans to stay around the league despite his epic playing career being over. On Friday, he officially bought a stake to become an owner of the Utah Jazz.

Wade confirmed the news of his Jazz ownership on social media, which was initially reported by ESPN insider Adrian Wojnarowski:

This comes not long after Wade’s former teammate LeBron James purchased a stake as a Boston Red Sox owner.

Although Utah doesn’t strike most people as a big-market buy, Wade obviously believes in his bold investment and what the Jazz are building under head coach Quin Snyder.

After several years of relative growing pains, Snyder’s program and long-term vision has come to fruition, with Utah atop the Western Conference standings this season.

Wade was part of a similarly strong, winning culture masterminded by Pat Riley during 15 seasons with the Miami Heat. He was a 13-time All-Star and earned three NBA championships before retiring after the 2018-19 campaign.

It’ll be fascinating to see Wade take this next step in the NBA as an active, seemingly hands-on owner in Utah. D-Wade’s presence is sure to bring excitement to Salt Lake City and the Jazz organization for years to come.

Read More: WATCH: Heat honor Dwyane Wade, retire his jersey in incredible ceremony