NBA Foundation created, pledges $300 million to Black growth
By TIM REYNOLDS AP Basketball Writer

LAKE BUENA VISTA, Fla. (AP) — The NBA’s Board of Governors and the National Basketball Players Association have finalized plans to create the first NBA Foundation that will work to spur economic growth in the Black community, announcing Wednesday that the initial contribution will be $300 million over the next decade.

Each team will donate $1 million annually, or $30 million collectively, over those 10 years. An eight-person Board of Directors…

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