Jared Armstrong launches $1 million JAB Classic basketball tournament in Philadelphia

Yahoo Sports • 1 min read • Latest: Aug 15, 2026, 4:12 PM

Last updated Aug 15, 2026

Jared Armstrong launches $1 million JAB Classic basketball tournament in Philadelphia

Summary

Jared Armstrong is hosting the JAB Classic, a $1 million basketball tournament at Philadelphia’s Palestra from August 14 to 16. The event features eight teams from different cities and emphasizes community engagement and financial empowerment. Armstrong aims to create economic opportunities through sports while promoting youth mentorship. His multi-faceted venture, JAB, has previously served nearly 3,000 young athletes through various programs. The tournament includes current and former NBA players and has garnered support from esteemed corporate partners.

Source Links

Yahoo Sports

Key Details

•JAB Classic runs from August 14 to 16 at the Palestra.
•Tournament features eight teams competing for a $1 million prize.
•JAB has previously supported nearly 3,000 youth in skill and leadership training.
•Armstrong emphasizes financial empowerment through sports initiatives.
•Event includes participation from notable current and former NBA players.

Latest Updates

4:12 PMYahoo Sports — Jared Armstrong Builds A Purpose-Driven Sports Business Ecosystem On And Off The Court

What they're saying

"
Jared Armstrong is evolving the role of the modern athlete by building a sustainable, purpose-driven business while continuing his professional basketball career. His journey offers Black business professionals, executives, and...
— Yahoo Sports

Related Teams & Leagues

Basketball