Skip to main content

Myles Garrett buys ownership stake in the NBA’s Cleveland Cavaliers

Cleveland Browns star Myles Garrett already owns roughly 75% of the NFL with his dominating play on the field. So, it makes sense that the NFL Defensive Player of the Year favorite would look to expand that.

The NBA’s Cleveland Cavaliers announced on Wednesday that Garrett has purchased a minority stake in the organization

“As a leader on and off the field, Myles has become a Cleveland icon and shares in our organization’s commitment to being a transformative force for good across the region. We are honored to welcome this long-time friend of the team as our new partner and investor. Myles’ passion and commitment to the city he loves will allow us to reach new communities and continue to build the successful future of this franchise.”

Cleveland Cavaliers owner Dan Gilbert on Myles Garrett

Garrett has made himself a major part of the Cleveland sports scene since the Browns made the former Texas A&M star the No. 1 pick in the 2017 NFL Draft. That has been magnified since former Cavaliers star LeBron James left for the Los Angeles Lakers back in 2018.

“I have admired the Cavaliers organization’s hard work, tenacity and dedication to the community since my early days in Cleveland,” said Garrett. “To have the opportunity to join this impressive and purpose-filled franchise, under Dan’s leadership, is truly a dream come true.”

Myles Garrett stats (2023): 22 tackles, 16 QB hits, 6 tackles for loss, 7.5 sacks, 3 forced fumbles

myles garret, cleveland cavaliers ownership
Trevor Ruszkowski-USA TODAY Sports

Garrett will also serve as an official Cavaliers brand ambassador.

With the Cavaliers’ team value set at $1.65 billion in the most-recent Forbes estimates, Garrett’s stake is going to be minimal in the grand scheme of things. He’s currently playing under a five-year, $125 million contract and has made roughly $105 million throughout his NFL career in salary.

From an on-field standpoint, Garrett has been absolutely dominant for the Browns this season. He recorded two sacks, a forced fumble and a blocked field goal in one of the best recent single-game performances from a defender in league history last week against the Indianapolis Colts.

More About: