Can you work an inverse stock option under the CBA?
What is an inverse stock option? If a franchise had a "Face of the Franchise" player, and they wanted to reward him at the end of this career, could you put an inverse stock option in his contract: a clause that would allow him the option to buy a fraction of the team for a fixed price upon retirement? I know an active player is not allowed to have an ownership position, so you can't do regular stock options, but the clause would read something like this:
Upon retirement from the NBA, Player X has the option to purchase n% of Franchise Y from Owner Z for the fixed price of $XXX
Clearly, this is not an active ownership position, but rather the opportunity to take one up after retiring from playing.
To put a concrete example in play, could the Spurs write into Tim Duncan's next contract:
Upon retirement from the NBA, Tim Duncan has the option to purchase 5% of the San Antonio Spurs Franchise from owner Peter Holt for the price of $35,000,000.
How would such a clause fit into the salary cap? (note that in the example I have included, TD may be getting a pretty nice deal - the value of the Spurs is estimated at $1,000,0000,000, so 5% would be $50,000,000 )