Usher gets ready for part-ownership of Cleveland Cavaliers.
CLEVELAND, OH [Tuesday Mar.1.2005] /Mix103FM.com/ -- Usher is the latest music star to follow his hoop dreams. MTV reports that the singer is part of an ownership group that's about to buy the NBA's Cleveland Cavaliers. ESPN said the team's purchase price is around $375 million, but specifics were not yet released.
Other artists who own professional basketball teams include Jay-Z, who belongs to the investment group that purchased the New Jersey Nets last summer, and Nelly, who belongs to the group that owns the Charlotte Bobcats -- the first minority-owned NBA expansion team.
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