Thursday, May 21, 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

Fever Get Warning, No Fine Over Caitlin Clark Injury Report

A WNBA source confirmed that they were not fined.
Dec 21, 2024; Austin, Texas, USA; A view of the CFP logo and SEC logo before the game between the Texas Longhorns and the Clemson Tigers in the CFP National Playoff First Round at Darrell K Royal-Texas Memorial Stadium. Mandatory Credit: Jerome Miron-Imagn Images

SEC Holds Cards to 24-Team College Football Playoff

CFP expansion will be a major topic at the SEC spring meetings.

Caitlin Clark’s Late Scratch Sparks WNBA Injury Report Questions

The Fever said she woke up with back soreness ahead of Wednesday’s game.
exclusive

World Cup Will Block Notorious Dallas Glare for At Least One Game

FIFA will use the curtains for a 6 p.m. kickoff match this summer.

Featured Today

NFL Rivalries Are Made on the Field, Mocked in Schedule Release Videos

Every year, teams find new ways to one-up themselves (and their rivals).
Bart Swings/Falyn Fonoimoana/Avery Poppinga
May 14, 2026

OnlyFans Is Paying Pro Athletes What Their Sports Won’t

The adult-content platform is a reliable income source for niche athletes.
May 13, 2026

How Sports Graphic Designers Are Grappling With the Rise of AI Art

The release of ChatGPT 2.0 Images sparked a conversation among sports designers.
May 12, 2026

Collectible Cups Are Sending Sports Fans Into a Frenzy

The drink is secondary to the wild vessel it comes in.
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.

Wasserman Buyers Narrow as PE Conflicts Sideline Major Firms

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

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

Vestible’s first team is Kapfenberger SV 1919.
Sponsored

Mark Cuban Peels Back the Curtain

Mark Cuban discusses sports ownership, the rise of NIL, and the evolving media landscape.
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.
Jack Nicklaus speaks to media prior to the start of the Memorial Tournament at Muirfield Village Golf Club in Dublin, Ohio on May 27, 2025.
March 27, 2026

Jack Nicklaus Re-Acquires Nicklaus Companies After Lawsuit

Nicklaus takes back ownership of marks like the iconic Golden Bear.
Team WNBA guard Caitlin Clark dribbles up the court against Team USA during the WNBA All-Star Game at Footprint Center in Phoenix on July 20, 2024.
February 3, 2026

Fund Backing Women’s Sports Raises $250M and Counting

Jason Wright oversees a fund that has secured $250 million.
January 28, 2026

CVC’s New Sports Business Buys Into $300M Equestrian Company

Global Sport Group bought a controlling stake in Equine Network.