Overtime Elite (OTE) announced today that 2x NBA Champion and 6x All-Star Pau Gasol has joined the Board of Directors. Gasol’s appointment is effective immediately, and he participated in his first board meeting this week. Gasol joins Overtime CEO and Co-Founder Dan Porter, Overtime President and Co-Founder Zack Weiner, Overtime CFO Farzeen Ghorashy, Carmelo Anthony and Jay Williams on the OTE Board.
“We could not be more fortunate to have Pau join the OTE Board of Directors,” said Overtime CEO and Co-Founder Dan Porter. “Pau’s resume on and off the court speaks for itself, but his insight and hands-on approach will be fundamental to the league’s growth and long-term success. We saw this firsthand when Pau visited with our players and staff this past Spring in Atlanta.”
“When I walked through OTE Arena in April and met with the players, I saw up close the life-changing experiences that Overtime Elite is providing them,” said Pau Gasol. “I am honored that Dan and Zack have asked me to join the board and I look forward to working with my fellow board members and OTE staff to build, not only a world-class developmental league, but a basketball league that captures the imagination of basketball fans all over the world.”
Every contracted OTE player is offered a six-figure salary, with a guaranteed minimum salary of at least $100,000 per year, plus bonuses and shares of equity in Overtime. In addition, players will participate in revenue from use of their name, image and likeness, including through sales of custom jerseys, trading cards, video games and NFTs. Starting this season, players have the option to choose a scholarship or salary option.
Overtime Elite (OTE) is a professional basketball league featuring top 17-20-year-old domestic and international players. There are three teams in the league, and games are played primarily at the OTE Arena in Atlanta. OTE, owned and operated by Overtime, brings fans as close as possible to the action through broad digital distribution on accounts that have millions of followers.
While playing in the league, players receive innovative, cutting-edge education and training to prepare them for college and professional basketball. OTE's three founding sponsors are State Farm, Gatorade and Meta Quest.