GamePoint's basketball league offers $120K salaries to teen players
GamePoint, a technology company, will pay young basketball players aged 16 to 18 years old a salary of $120,000 to play in its GamePoint Elite League.
GamePoint Elite (GPE) will begin in October with 30 players between ages 16 and 18, the company announced Monday. On top of their pay, GamePoint Elite players would receive "GamePoints" the GamePoint Governance Token built on Etherum's, decentralized, open-source blockchain with smart contract functionality, and additional revenue generated from outside sponsorships, subscriptions, Pay-per-view revenue share, and even the ability to go after shoe deals.
GamePoint founder David Ewing said in a statement that the company is providing these benefits, in part, because teenage players aren't paid when playing in high school and college. Talented players should be compensated regardless of age, he said.
"GPE offers the next generation of basketball talent what they have long deserved: a path that respects their value and honors their potential, as players and as people," Ewing said. "Paying basketball players isn't radical. What's radical is telling people who put in thousands of hours of work that they have to do it for free."
GamePoint said its league will be special because players will train at professional athletic facilities. Players will also get one-on-one classes on financial literacy, media training, and social justice advocacy. The classes are designed to help teenagers "prepare for the pressures that come with stardom and the opportunities that come with being a role model," GamePoint said.
Entrepreneur David Ewing started GamePoint with the aim of creating the next generation of sports media. Most of GamePoint's video content lives on social media with a combined 99 million-plus followers.
GamePoint's video content reaches 1.7 billion views a month across YouTube, Snapchat, IGTV, Instagram and TikTok, the company said. Many of today's NBA superstars, got their first whiff of national exposure on GamePoint.
Ewing said in a statement Thursday that the one-on-one classes are particularly useful for teenagers because "many athletes aren't properly prepared for what it really means to go pro."
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GamePoint Technologies, Inc.