• Loading stock data...
Sunday, July 14, 2024

Caleb Williams Launches Investment Firm Before Signing a Bears Contract

  • The quarterback is starting 888 Midas for private equity, VC, and real estate deals.
  • He is expected to sign a four-year deal worth roughly $38 million.
May 10, 2024; Lake Forest, IL, USA; Chicago Bears quarterback Caleb Williams during a press conference before Chicago Bears rookie minicamp at Halas Hall.
David Banks-USA TODAY Sports

Caleb Williams, the top pick in April’s NFL draft who has yet to sign his first professional contract, is launching an investment firm. 

On Wednesday, the 6-foot-1 Bears quarterback announced 888 Midas, which will target private equity, venture capital, and real estate deals. 

“I always planned on being both an athlete and a businessman,” Williams said in a statement.

Williams’s investment team includes Sherif Guirgis, a former managing director at Main Street Advisors; Wolff Urban chairman and former Oakland A’s co-owner Lew Wolff; John Terzian, co-founder and co-president of h.wood Group; and Ross Walker, co-founder and managing partner of Hawkins Way Capital.

Williams has taken a unique approach to the business side of his career: Instead of using an established agent, he employs a team of advisers led by his father, Carl. During the draft process, Williams looked into having an ownership stake in the team that selected him, which is against NFL rules. 

According to Spotrac, Williams’s rookie contract is expected to be a four-year deal worth roughly $38.4 million with a $24.8 million signing bonus. Williams isn’t the only top-10 draft pick without a contract, as Jayden McDaniels (No. 2) and Michael Penix Jr. (No. 8) are also waiting in the wings. 

Williams started his college career at Oklahoma before following coach Lincoln Riley to USC in 2022. He won the Heisman Trophy in ’22, and was one of college sports’ top earners in name, image, and likeness deals, netting $10 million during his career, according to The Athletic.

Copy Link
Link Copied
Link Copied

What to Read

Jan 7, 2024; Nashville, Tennessee, USA; Jacksonville Jaguars wide receiver Calvin Ridley (0) reacts after scoring a touchdown against the Tennessee Titans during the first half at Nissan Stadium.

Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports

Penalties often aren’t stringent or consistent enough to deter banned behavior.
Jul 11, 2024; London, United Kingdom; Barbora Krejcikova (CZE) celebrates after match point against Elena Rybakina (KAZ)(not pictured) in a ladies' singles semifinal of The Championships Wimbledon 2024 at The All England Lawn Tennis Club.

Krejčíková Wins Wimbledon and $3.45 Million First-Place Prize

This year’s tournament had a record purse of $64 million.
Oct 2, 2021; Miami Gardens, FL, USA; NFL commissioner Roger Goddell speaks during the Don Shula Celebration of Life at Hard Rock Stadium.

The NFL Is Confident It Can Overturn the Sunday Ticket Verdict

The league may have good reason to believe it can win.
podcast thumbnail mobile
Front Office Sports Today

Warner Bros. Discovery Faces Final Decision on NBA Rights


Featured Today

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’
July 7, 2024

The New College Sports Insiders Are Graphic Designers

Joe Tipton and Hayes Fawcett have become premier news-breakers on social media.
Oct 27, 2023; Sacramento, California, USA; A general of the Sacramento Kings logo on the court before the game against the Golden State Warriors at Golden 1 Center.
July 6, 2024

How Sports Went From Private Equity Punchline to Coveted Asset Class

Once an industry punchline, sports are now a coveted asset class.
July 2, 2024

Willie Mays’s Humility Was Key to His Genius

Mays took heat from all sides, and handled it his own way.
Tony Romo at the American Century Championship in Lake Tahoe
July 11, 2024

One of the Hottest Celebrity Wait Lists Is a Golf Tournament

The American Century Championship tees off Friday.
July 12, 2024

Copa América Gets Near-Ideal Miami Final After Sometimes Rocky Tournament

Argentina and Colombia face off Sunday evening.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
July 11, 2024

Teenage Sprinting Prodigy Sues Gatorade After Positive Test

Issam Asinga alleges Gatorade gave him contaminated gummies.
July 11, 2024

Criminal Charges Mean No Pay for Wander Franco

Franco had been receiving half of his $2 million base salary.
July 11, 2024

Everything To Know About the Jaylen Brown–Nike-Olympic Beef

It starts, as it often does, with a carefully parsed emoji.
July 10, 2024

Hardly Any Russians Are Set to Compete at the Paris Olympics

Russian athletes are pulling out of Paris in protest of IOC restrictions.