There was a feeling of betrayal on Friday when news broke of Dwyane Wade buying an ownership stake in the Utah Jazz. The Miami Heat legend should have purchased a piece of the franchise that made him a three-time world champion.
Why didn’t Wade pick up the phone and make it happen? It’s complicated. According to Heat owner Micky Arison, there was a conversation about Wade joining Miami’s ownership group in 2019 after he retired.
But the 13-time All-Star guard wasn’t ready to commit at that time, per Arison. Meanwhile, Wade became “fast friends” and golfing buddies with Jazz majority owner Ryan Smith, hence the decision to take what is believed to be at least a 1% stake in the team.