Atlanta To Be Home For New Overtime Elite Prep League
On Wednesday, new basketball league, Overtime Elite announced that Atlanta will be the home for the basketball prep league. Overtime Elite will offer high school aged basketball players, considered to be the best of the best, the opportunity to place themselves on a more desired pathway to pursue their professional basketball career. The league is set to begin playing in Atlanta in September and will be housed in a 103,000 square-foot facility in the Atlantic Station area.
In a statement released by OTE, Commissioner and President Aaron Ryan said that as for Atlanta being selected as home for the league, “If we could construct a city that would be the perfect home for Overtime Elite, it would look just like Atlanta.” According to the statement, the league will be looking to hire a staff with more than 100 people in Atlanta, which is to include basketball staff, educators, residential staff, food services, and additional support staff.
As for the formation of the league and its purpose, it looks to give amateur athletes ages 16, 17, and 18, the opportunity earn a six figure salary as well as receive bonuses and shares of equity in Overtime and have the opportunity to earn revenue for the use of their name, image and likeness. Atlanta Mayor, Keisha Lance Bottoms expressed her excitement of the league stating, “This exciting announcement underscores that Atlanta is still a great place to do business. Overtime Elite will bring several well paying jobs to our city, generate millions of dollars in economic impact and expand mentorship and programming opportunities for our young people.”
It is reported that OTE has more than $80 million in financial backing from a group to reportedly include rapper Drake, Jeff Bezos, and over a dozen NBA players, including Atlanta Hawks point guard, Trae Young.