Jeff Bezos and Drake invest in startup behind teen hoops league

Amazon founder Jeff Bezos and music industry star Drake are investing in Overtime as part of a new $80 million round of funding for the sport startup, which is geared to fans more interested in watching game highlights on social media than three hours of ESPN.

A significant portion of  the funding will go toward athlete salaries and the more than 80 new hires at Overtime's newly launched teen basketball league, called Overtime Elite. The league will offer a $100,000 salary to 30 players between ages 16 and 18 starting in September. The Brooklyn-based company will also use the money in part to advance its efforts around trading cards, sports betting and cryptocurrency tokens known as NFTs, or non-fungible tokens, the company said.