Will new Ice Cube, NFL venture help bolster Black businesses?
O’Shea Jackson Sr., best known to the world as Ice Cube, continues to evolve as an entertainer while also making his mark in business. The rapper, actor, producer and businessman recently entered into a new partnership via his Contract With Black America Institute with the National Football League that he says will invest in and aide Black-owned businesses.
“For more than a year, the CWBA Institute has been working closely with the NFL on identifying resources to build stronger, more substantive economic partnerships with the Black community. Our team at CWBA, including my longtime business partner and entertainment lawyer Jeff Kwatinetz, and advisors Ja’Ron Smith and Chris Pilkerton, are focused on building corporate partnerships with measurable economic growth outcomes for Black communities across the country. We believe this is a giant step in the right direction,” said Ice Cube in a statement.
The multiple award-winning artist said, he does not feel pressure but feels privileged to be in a position to initiate the new partnership. “Troy Vincent and Rodger Goodell really came at us and said, ‘Hey, what can we do in our business to help bridge this wealth gap?’ ”said Ice Cube on the Pat McAfee Show. Mr. Goodell is the NFL Commissioner and Mr. Vincent is executive vice president of Football Operations for the league.
“And we came up with some great ideas, we connected them with some great businesses that’s out there. They injected them into their chain of contracts … we want to do more in the future and of course we’re going to be connecting them with more businesses. We want to connect with the teams too.
Right now, it’s really with the main NFL but we want to connect with all the teams; try to do the same thing and then connect with other leagues,” said Ice Cube, who is no stranger to the marriage of sports with entertainment as founder of the Big 3 Basketball League which is entering its fifth season. He also said other sports leagues could take a page out of the NFL’s book.
“The NBA should be all over this with trying to make sure that they are also looking at some people out there that can actually do the jobs that they already have being done — Black owned businesses,” he told Mr. McAfee on the June 30 broadcast.
According to Forbes Magazine, the NFL said it committed over $100 million to causes that assist Contract With Black America Institute, or CWBA, an initiative Cube launched with Mr. Kwatinetz during the 2020 presidential campaign. It calls for the NFL to steer more business to Black companies in various sectors, including consumer services and technology, reported forbes.com.
“In a statement announcing the partnership, the NFL said it would concentrate on ‘increasing direct and indirect spend to national Black businesses to help close America’s racial and economic wealth gap.’ The contract’s ‘Sports Industry Economic Development Plan’ requests that sports leagues and teams hire exclusively Black companies for food vendors in stadiums, including more Black manufacturers, production companies, and marketing and advertising agencies in league operations,” Forbes reports.
In a statement released by Mr. Goodell, he stated: “Our partnership with CWBA is another reminder that partnering with intentional organizations is critical to everything we do at the League. Black businesses play a major role in our country’s economic prosperity.
We understand these businesses have not always had the opportunity for exponential growth, so we are pleased to have partners like Ice Cube and his organization, CWBA, in a continued, collective push toward greater economic inclusion.” The NFL said it already allocated $125 million to support Black-owned businesses over the past year as part of a plan to diversify its partnerships.
The NFL has been under scrutiny and heavy criticism the past few years over its handling of Black quarterback Colin Kaepernick’s anti-police brutality, anti-racism protest which led to his effective banishment or “whitewashing” from the league in 2016 to the recent discrimination lawsuit filed by former Miami Dolphins head coach Brian Flores who is also Black. His suit alleges racism and limited chances for Black executives and coaches in a league where the majority of players are Black but most of the head coaching and executive positions are held by Whites.
Ice Cube’s latest venture with the NFL is not the first business foray with the league by a hip-hop legend. Amid its “Kaepernick controversy” in 2019 Jay-Z decided to engage in a business relationship with the NFL and the hip-hop mogul received backlash after the announcement that his Roc Nation company would take over the NFL’s entertainment event platforms — like the Super Bowl — while also helping push the league’s newly created “Inspire Change” initiative.
Ice Cube also received backlash, even from Blacks when he first introduced his CWBA platform which in part, called for Blacks to hold the Democratic party more accountable to our interests.
“We’re just trying to make sure we can do what we can with the businesses that we rely on — Black customers, Black workers, Black audience — to pitch in when it comes to the things that they need for their business and do some business with some of these companies,” said Ice Cube on The Pat McAfee Show.
While this new partnership could be a great example it has to be fine-tuned to be fair and equitable for Black businesses and consumers everywhere, observers note.
If it’s something that’s just to get more Black customers, it can be short-lived. So, could it be a good thing? Yes; but I hope that Ice Cube is pushing for ownership and development.
I know that Ice Cube has a lot of trust.
And I think the, the question that would be logically asked is, is the NFL just buying Ice Cube’s credibility with the Black community? I don’t think that he would sell it that way but showing the tangible results would be the most effective way to communicate that.
The playing field cannot be even unless they show people who have opened up the process for the everyday man and woman. How many towel boys do you see that’s Black? You don’t see that many; you see a White ball boy, White towel boys and they’re getting exposure.
They have the tendency to shut us out and people miss that part. They only focus on how many Black referees and Black players (there are).
We have to have access, and on other aspects we have to take our own initiatives. It’s just reality understanding what business really is and keeping that knowledge and how to make power moves.
Ice Cube should be given a chance as the artist has credibility with the Black community, but both sides must show results. We can’t be afraid to challenge Ice Cube or Jay-Z or anybody. They should be required to show results and if they show results and the community feels good about it, then yes. I think the problem is that to this point, very few of the White organizations are showing the willingness to deeply commit to the things that really are going to move the needle for the Black community.
Black folks must be willing to hold corporations’ “feet to the fire” for accountability. I’m not interested in your money unless you’re really serious. That’s what it is. That’s what it comes down to.
At the end of the day, “you have to make sure you are able to sustain any effort.
Corporations only respond to profit,Sustainable leverage is very important because over the years movements were started and stopped shortly thereafter. It is not enough to get in the media and announce the partnerships if people on the lower level gets nothing. We are always at a disadvantage at a table of negotiation, when the other side knows more about us than we know about them.
You need to be well armed in the knowledge of the person across from you, and what your enlightened self-interest is.
Often the corporate side is better prepared to work out a deal that benefits their network, “more than we’re prepared to work on a deal that benefits our network, meaning intergenerational wealth.
A litmus test for me when I look at these partnerships and arrangements is, are we doing something that creates and closes a wealth gap? That is generations in the making.
Black people in general have to do-for-self and work toward land ownership and business development as a way to eliminate total dependence on White people. I am stressing the importance of understanding the science of business and to “observe the operations of the White man” in business.
There must be a rethinking of the old master-slave relationship and that ownership and true equitable partnerships are key. I am also stressing that redirecting Black spending to Black businesses is critical.
The challenge to America’s business community is to find ways to make the people owners of the businesses and property in their communities as shareholders and under profit-sharing plans. This is what true economic justice looks like.