Tim Connelly holds phantom equity stake in NBA team

Tim Connelly is in the final year of his contract with the NBA team. Sources indicate that he was awarded phantom equity instead of actual shares when hired, which offers a significant bonus if he completes his contract. This arrangement involves a sizable bonus, although it is not in the millions. The lack of a contract extension suggests uncertainty about Connelly's future with the organization. Further developments are anticipated regarding his contract status.

• 8:57 AMYahoo Sports — He didn't actually get shares of the team, he got the …