Can someone explain to me an issue regarding sports' business and black athletes

[Type Username Here]

I'm reading the thread over here in HL about black buying power nearing 1 trillion dollars, and seeing what Jay-Z is doing in the agent game, and I asked myself a question:

Why don't some of these black athletes pool up their money to form their own sports brand? Try to minimize loans or investments, just pool up their cash and create their own major business to rival Nike and other companies in the long run.

Looking at this list:
List of largest sports contracts - Wikipedia, the free encyclopedia

at the average per year of some of these players (only counting sports' salary):

Prince Fielder: $23.7 Million
Floyd Mayweather: $50-70 Million
Kobe: $19 Mil
Calvin Johnson: $16.5 Mil
Ryan Howard: $25 Mil
Vernon Wells: $18 Mil
Larry Fitzgerald: $15 Mil
CC: $23 Mil
Carl Crawford: $22 Mil
Arenas: $18 Mil
Bron, Wade, Bosh: ~$18 Mil each

About $200 million in one year of only sports' salaries just from the people I listed for the next year.

Why would they take the short dollar instead of the long one? They could start a billion dollar black owned business, and wear their own logos. I've always seen partnerships, and I know some of the hip hop/rap community has tried at a much smaller scale.

@theworldismine13 enlighten me please.

 

[theworldismine13]

well those numbers are spread out over many years and have clauses, so those contracts arent as big as they sound in yearly salary

and i dont think it has anything to do with the athletes, it has everything to do with too few black accountants and MBA's and other people that make up the infrastructure of the business world

i wouldnt want an athlete making a brand or things like that and i bet jay-z has a bunch of non black people working for him, in fact from what i remember jay-z partnered with another agency

but its really about the infrastructure and the gnomes that make the system run where you need more black people, but to break into that you need college educated people

 

[NZA]

athletes are not great at picking investments. you should check out that 30 for 30 documentary about broke NFL players...

outside help will be needed, and maybe jay z is the beginning of something more ambitious

 

[Animal House]

Ya kno whats real funny? most of these white ppl in the sports biz(some nikkas too) are fuming upset that jigga got in the game and is pulling stars left and right. like they want to have total control of us

 

[Dusty Bake Activate]

@Gilbert Arenas contact.