Jul
17

Arn Tellem And Amar’e Stoudemire Invest In Israeli Basketball Team

New York Knicks power forward Amar'e Stoudemire (middle) reacts during the final minute of the game against the Indiana Pacers in game six of the second round of the 2013 NBA Playoffs at Bankers Life Fieldhouse. The Pacers won 106-99.Mandatory Credit: Pat Lovell-USA TODAY Sports

New York Knicks power forward Amar’e Stoudemire (middle) is teaming up with Arn Tellem to invest in basketball team Hapoel Jerusalem. Photo Credit: Pat Lovell-USA TODAY Sports

Shabbat Shalom comes a couple of days early with this article that combines sports agency and Israel.  The Jerusalem Post has reported that basketball and baseball agent Arn Tellem is part of a group that won the bid to purchase a ninety-percent interest in Israeli basketball team Hapoel Jerusalem.  Also included in the new ownership group is New York Knicks power forward Amar’e Stoudemire.

The cost for ninety-percent of Hapoel Jerusalem comes out to roughly $5.6 million.  I am not too concerned that Stoudemire can afford his portion, considering he signed a 5-year $99.7 million contract in 2010.  Have little concern for Tellem, as well.  According to Hoopshype.com, Tellem represents more NBA salary under contract (at $273,565,306) than any other basketball agent.

Stoudemire is not a Tellem client.  The Knicks power forward is represented by Happy Walters of Relativity Sports.

In 2010, Stoudemire traveled to Israel to do some exploration of his Jewish roots on his mother’s side of the family.  Now he can visit Israel any time he wants for “business purposes”.