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Sixers, parent company commit $20 million to Black businesses, social justice, diversity | Marcus Hayes


“The eyes of the world are on us to do better,” Josh Harris, the Sixers’ managing partner, said in a statement. “While we will never be able to correct the past harm and injustice faced by Black Americans, it’s our duty to provide resources that enable tangible action and greater opportunities for equality.”

More intriguing, though, is the team’s stated goal of improving the condition of Blacks beyond a hands-off money dump. HBSE, which also owns the New Jersey Devils, said it would direct at least $2.5 million toward lifelines such as neighborhood health centers, home-buying assistance, and eradication of food deserts not only in Philadelphia but also in Newark, where the Devils play, and in Camden, N.J., where the Sixers practice.

The most immediately impactful portion of the $20 million outlay will be the $2.5 million earmarked for the teams’ youth initiatives, much of which will supply internet service to 1,000 Philadelphia families as another semester of distance learning looms during the COVID-19 pandemic.

Granted, $20 million over five years might not sound like much money for a Sixers franchise that is worth $2 billion and is paying Al Horford $28 million to not start in the playoffs, and maybe it’s not a lot of money to direct toward Black initiatives, especially when you consider nine of its top 10 players are Black.

This content was originally published here.

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