OTE (Overtime Elite) is a transformative new sports league that offers the world’s most talented young basketball players a better pathway to becoming professional athletes. OTE (pronounced Oh-Tee-E) provides a comprehensive accelerator for elite players’ professional careers. The league offers a year-round development program combining world-class coaching, cutting-edge sports science and performance technologies, top-notch facilities, and a rigorous, highly personalized academic program that energizes and enhances each athlete’s journey from proficiency to pro for the next generation of athlete empowerment.
OTE teams will feature top high school rising juniors, seniors and post-graduate athletes globally. They will compete both within the league and in external competitions against domestic and international teams. The league will feature 24 to 30 players, all living, learning, and training in Atlanta.
Each athlete will receive a guaranteed minimum salary of at least $100,000 per year, plus bonuses and shares of equity in Overtime. Players will participate in revenue from use of their name, image and likeness, including through sales of custom jerseys, trading cards, video games, and NFTs. Players retain the right to sign direct sponsorships with sneaker companies.
Every player will receive full health care coverage as well as disability insurance coverage, providing financial protection should they receive an injury that hinders their ability to play professionally. For each athlete, Overtime will guarantee payment of up to $100,000 for college tuition should they decide not to pursue a professional basketball career.
OTE will offer a direct-instruction model led by individual instructors who teach both 1:1 and in small group sessions featuring a 4:1 student-teacher ratio. OTE will supplement a traditional course offering with a focus on life skills including financial literacy, media training, and advocacy and sports, and business of basketball.
OTE will be led by former league execs:
In addition, OTE is looking to hire 100+ people to join the organization in education, basketball and grassroots.
OTE will be located in Atlanta. Planning is underway on construction of a brand-new 103,000 square-foot facility in the city’s Atlantic Station neighborhood, where OTE’s players will train, study and compete. This project will create up to 400 construction jobs in metro Atlanta. The facility will be completed in time for the league’s September debut.
Overtime recently announced it raised $80 million in Series C funding from top VC firms, industry leaders and athletes including Jeff Bezos, Drake and 25+ NBA stars including Trae Young, Devin Booker and Pau Gasol.
Overtime is the leading brand for the next generation of sports fans with a community of over 50 million followers that generates 1.7 billion video views each month.