Boxing

Floyd Mayweather, Magic Johnson.

Floyd Mayweather meets with Magic Johnson and is ready for huge commitment

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The headlines swirling around Floyd Mayweather seemingly everyday revolve around whether he's locked up a fight with Conor McGregor. 

Money Mayweather may have retired from boxing but he's committed to growing his business portfolio in the meantime. Floyd earned $700 million in the ring alone through his 49-0 career, without considering the rest of the money that comes with being a megastar. 

There's also no telling how much money he's won, or perhaps even lost, placing sports bets. That's a habit he said he was cutting off months ago, though, stating he wanted to clear his queue of bets so he could potentially purchase a professional team. 

Mayweather directly mentioned the possibility of buying an NBA team months ago when he visited the UK, but it seemed more like chitter-chatter than anything serious. His latest Instagram post points to it being very real, though. 

Floyd met with Los Angeles Lakers President of Basketball Operations Magic Johnson and it would appear the two talked about the business of the NBA.

"It's about time for me to buy an NBA team, if you're ready to sell your NBA team, please get in touch with me," the caption reads. Here's the Instagram post of the two meeting, via Mayweather's official account:

It's fascinating to consider Mayweather owning an NBA team, and it's seemingly a great fit. The NBA is a league featuring larger than life personalities, and Floyd would only raise the profile of the league. Whether there's a team ready to sell is the big question now. 

NBA franchise values have only been on the rise after signing a lucrative television deal that averages $2.6 billion in revenue for the league per year. The LA Clippers went for a whopping $2 billion to former Microsoft executive Steve Ballmer. 

On the other hand, the Sacramento Kings were sold for $534 million in 2013. The Clippers' value was a bit higher being in the massive Los Angeles market, and it certainly didn't hurt that the Chris Paul-led team has been one of the best teams in the league since his arrival. 

Los Angeles Clippers Fan Festival

Floyd could conceivably have enough money laying around to make a massive investment should an NBA owner, or ownership group, be ready to move on. Whether it's enough to cover a massive valuation like the Clippers' $2 billion price tag, who knows. 

Mayweather's an avid NBA fan, though, and with his boxing career behind him and money to invest elsewhere. Basketball's only been growing and now might be the time to strike before those prices raise even higher. 

Topics:
Floyd Mayweather
Manny Pacquiao
Magic Johnson
Boxing

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