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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
cleveland cavaliers

The Cleveland Cavaliers Are Giving NBA Championship Rings to Arena Staff

By
Chauncey L. Alcorn
Chauncey L. Alcorn
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By
Chauncey L. Alcorn
Chauncey L. Alcorn
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September 29, 2016, 7:53 PM ET
Cleveland Cavaliers Victory Parade And Rally
CLEVELAND, OH - JUNE 22: Majority owner of the Cleveland Cavaliers Dan Gilbert waves to the fans during the Cleveland Cavaliers 2016 championship victory parade and rally on June 22, 2016 in Cleveland, Ohio. Photograph by Jason Miller/Getty Images
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The Cleveland Cavaliers’ NBA Finals win in June was like Christmas for both the team and championship-starved fans. Now, Cavs owner Dan Gilbert wants to spread the cheer to everyone else you can find during a home game at Quicken Loans Arena.

Gilbert had more than 1,000 full and part-time arena employees fitted for their own championship rings, Cavs employees told the Cleveland Plain Dealer this week. That includes ticket takers, seat ushers, security guards, police officers, as well as janitors and concessions workers.

A Cavs spokesperson confirmed the report, but declined to comment further, the Plain Dealer said.

Six years ago, the Cavs owner acted more like the Grinch when he published an open letter about star player LeBron James’ decision to “take his talents to South Beach” and the Miami Heat, where he won two titles. Gilbert called James, who grew up in Cleveland, the city’s “former hero” and said the move was “bitterly disappointing” to everyone.

But Gilbert and James put the past behind them when James moved back to his hometown in 2014. And after they won the championship this summer, Gilbert thanked James for both his leadership and his return.

 

At one point, economists at John Carroll University estimated James’ return to Cleveland added about $500 million to Northeast Ohio’s economy, but that figure was later revised to a still-impactful $162 million. In 2010, economists calculated James brought $200 million to the Cleveland metro-area, according to the Plain Dealer.

The rings won’t be the same diamond-crusted ring James and other players have, the Plain Dealer said, but they’ll still be proof they played their part in a historic championship win.

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