The NBA journeyman who plays for several teams over the course of his career has existed for decades, long before Dennis Schröder completed the rainbow of jersey colors. In recent years though, we’ve seen the multiteam career path, that was historically reserved for role players, become the norm for superstars who are destined for the Hall of Fame. To restore the allure and branding opportunities that come from its stars spending their entire careers in one jersey, the NBA should grant players the opportunity to receive part ownership in its franchises.

The National Basketball Players Association (NBPA) and team owners have already made efforts to reduce the whiplash of frequent star player movement. The 2023 collective-bargaining agreement allowed teams to offer their star players “supermax” contract extensions that are worth more than what they could be offered by any suitors in free agency. To offer these deals, most teams must go into the highest spending tier, the “second apron,” of their salary cap. Once........

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