NBA, players’ union reportedly forming $300 million foundation to support social justice
The NBA isn’t just putting “Black Lives Matter” on some courts and calling it a day.
Chris Paul talked about the league partnering with the National Basketball Players Association to form a foundation — with $300 million to start — to focus on social justice issues. And players will get a say in where the money goes. Marc Stein of the New York Times had this report.
Post-game announcements from Chris Paul:— Marc Stein (@TheSteinLine) July 26, 2020
1) NBA and WNBA players will soon speak with Michelle Obama to discuss voting initiatives
2) CP3 spoke with excitement of the NBA forming a joint foundation with the players' union to support economic empowerment in the Black community
Adam Silver last night said talks are at an "intense" stage and Chris Paul said the figure being discussed is a $300 million pledge from the league in which players "get an opportunity to determine where it goes." A formal ownership vote to approve the foundation is expected soon— Marc Stein (@TheSteinLine) July 26, 2020
There are few details on the foundation, but letting the players vote or otherwise have a say in how the money is spent is a great way to both engage players and get the money to places it can do good.
Expect a vote and more details in the coming weeks, but it’s good to see the NBA walking the walk and not just talking the talk.