Ice Cube’s BIG3 Basketball League Sued For $250M By Champion Basketball League
Fellow 3-on-3 company, Champion Basketball League, is accusing the N.W.A. legend of jacking its proprietary ideas.
Rapper, actor and all-around entrepreneur Ice Cube is facing a $250 million lawsuit from fellow 3-on-3 company, The Champion Basketball League (CBL). Founded by Carl George, the lawsuit accuses the N.W.A. legend of jacking his proprietary ideas.
Filed on Friday, Sept. 1, the lawsuit alleges that Cube and BIG3’s co-founder Jeff Kwatinetz warmed up to CBL players and execs only to steal their ideas after CBL’s 2014 launch. Making matters more interesting, CBL and BIG3 were partners and had the goal of creating a business that would compete with the NBA.
20 players were recruited by the CBL, but they weren’t required to be exclusive, which enabled them to compete in the BIG3. According to the lawsuit, Cube and Kwatinetz signed the same players to exclusive contracts. “When certain players expressed their desire to participate in the CBL games, Mr. Cube confronted the players personally about playing in the CBL and threatened the players that they would be fined, not allowed to participate in the 52 percent of revenues bonus pool, or replaced on their teams. These threats were also shared with the CBL,” court documents stated.
While Cube has not yet publicly responded to the lawsuit, the BIG3 championship was held last Saturday, Aug. 25, at the MGM Grand Garden Arena in Las Vegas. Cardi B performed for the halftime performance.
Source: New York Daily News