Due to Shaq’s new role as brand ambassador for Wynn Bet, he has to give up his ownership of an NBA franchise. NBA rules say you cannot be an owner of an NBA franchise and be in business with gambling.
It was rumored that Shaq’s share of the Sacramento Kings was worth an estimated $11 million. He reportedly paid a little over $5 million for the share back in 2013.
As brand ambassador of Wynn Bet, Shaq will appear in advertisements across television, print, and digital.