Sunday, July 19, 2026

Cleveland Browns Superstar Myles Garrett Buys Into Cavaliers

  • Garrett will become a minority owner and official brand ambassador for the Cavs.
  • The Cavaliers are Garrett’s second venture into sports team ownership after his investment in Major League Pickleball’s Texas Ranchers.
Cleveland Cavaliers center Jarrett Allen hugs Cleveland Browns player Myles Garrett after the Cavaliers beat the New York Knicks in game two of the 2023 NBA playoffs at Rocket Mortgage FieldHouse.
Ken Blaze-USA TODAY Sports

Myles Garrett continues to expand his sports ownership portfolio even as he dominates against National Football League offensive lines.

The Cleveland Browns defensive superstar has agreed to a deal to become a minority owner of the NBA’s Cleveland Cavaliers. As part of the agreement, Garrett will become an official brand ambassador for the Cavs.

“I have admired the Cavaliers organization’s hard work, tenacity and dedication to the community since my early days in Cleveland,” Garrett said. “To have the opportunity to join this impressive and purpose-filled franchise, under Dan [Gilbert’s] leadership, is truly a dream come true.”

Klutch Sports Group’s Shey Olaoshebikan negotiated the deal on behalf of Garrett.

The Cavaliers are Garrett’s second venture into sports team ownership.

In August, the 2017 No. 1 overall draft pick bought into the ownership group for Major League Pickleball’s Texas Ranchers, along with NFL players Micah Parsons, Bijan Robinson, and C.J. Stroud, as well as golfer Scottie Scheffler and tennis player Taylor Fritz. The Ranchers’ ownership now also includes musicians Lil Wayne and The Kid LAROI.

Garrett has been one of the NFL’s most dominant defensive players this season, racking up 7.5 sacks and three forced fumbles. He and Parsons are the co-favorites for Defensive Player of the Year at +200.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

WNBA Union Blasts Chicago Sky For Yet Another Facility Delay

The facility has been delayed multiple times since being announced in 2024.
Apr 18, 2026; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (23) reacts against the Houston Rockets during game one of the first round of the 2026 NBA Playoffs at Crypto.com Arena. Mandatory Credit: Kirby Lee-Imagn Images

Silver Wants LeBron Decision So NBA Can Finalize Schedule

James’s free agency choice will help shape the NBA’s national TV schedule.
Gilbert Arenas Podcast Playmaker
Exclusive

Gilbert Arenas Podcast Lands at Playmaker After Underdog Exit

Arenas recently departed Underdog after three years.
podcast thumbnail mobile
Front Office Sports Today

A Conversation with Nate Burleson on Russell Wilson at CBS, Travis Kelce’s Media Future, and Seahawks $9.6B Sale

0:00

Featured Today

Tom's Watch Bar

Sports Bars Are Cashing In From Summer of Soccer

The World Cup has brought a windfall to America’s biggest sports bars.
Jun 16, 2026; East Rutherford, New Jersey, USA; France forward Michael Olise (11) controls the ball against Senegal during a Group I match of the 2026 FIFA World Cup at New York New Jersey Stadium
July 16, 2026

Where World Cup Stars Go to Customize Their Cleats

The world’s best players turn to a Scottish craftsman for perfect cleats.
July 10, 2026

What the World Cup Means to Erling Haaland’s Tiny Hometown

The tournament’s breakout star is from a rural Norwegian town.
July 10, 2026

Why So Many Media Outlets Are Rushing Into Sports

Sports coverage has ballooned in every corner of media.
Pillow Fight Championship
July 8, 2026

How Obscure Sports Get Mainstream TV Deals

For niche sports, getting on TV often matters more than getting paid.
Aksha Bhatia, Max Homa, and Tiger Woods of Jupiter Links before a TGL match against New York Golf Club at SoFi Center on January 13, 2026, in Palm Beach Gardens, Florida.

Versant Buys Woods-Backed Golf Simulator Company for $530M

Full Swing is the predominant technology used by TGL.
Charlie Pliner and Nikolas Rohrmann
May 22, 2026

How 2 Brown Undergrads Became Sports Dealmakers

An experimental project turned into a permanent course and business deal network.
June 5, 2026

Tottenham Boardroom Rivalry Ends With Former Chairman’s Exit

Spurs say they “don’t know anything about” the deal.
Sponsored

Clase Azul Tequila Founder’s Soccer Ownership

Arturo Lomeli talks about managing a tequila brand and two soccer clubs.
Casey Wasserman, Chairperson and President of LA28, during the media conference celebrating the 1000-day countdown to LA28 at Devon Park in Oklahoma City, Monday, Oct. 20, 2025.
May 8, 2026

Wasserman Buyers Narrow as PE Conflicts Sideline Major Firms

Private-equity firm TA Associates has removed itself from the running.
April 23, 2026

Want to Own a 100-Year-Old Austrian Soccer Team for $500?

Vestible’s first team is Kapfenberger SV 1919.
April 16, 2026

How Taylor Swift’s Catalog Led Her Former Label Boss Into Sports

Scott Borchetta profited greatly from the sale of Swift’s masters.
John and Louis Antonelli
Exclusive
April 13, 2026

Chernin Group Leads Funding Round in Social Box Score App ‘Real’

The app combines live stats and play-by-play with a social media experience.