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On Friday, it was reported by Adrian Wojnarowski of ESPN that Matt and Ryan Bewley will sign two-year contracts with Overtime Elite, a new sports league designed for high school prospects.
The two twin brothers, who are from West Oaks Academy in Orlando, Florida, become the first prospects to sign with OTE after the league was launched in March. The contracts for both players are expected to top seven figures.
Matt is currently ranked as the No. 3 overall prospect in the class of 2023 while Ryan is the 20th overall prospect, according to 247Sports. They are both similar in size at 6-foot-9 and each primarily play the power forward position.
Led by head coach Kevin Ollie, OTE, which is based in Atlanta, Georgia, provides a comprehensive accelerator for elite players’ professional careers. The league offers a year-round development program combining world-class coaching, performance technologies and other elements.
Every player is guaranteed a minimum salary of $100,000 per season, plus bonuses and shares of equity in Overtime. Players will also earn revenue from the use of their name, image and likeness, and also retain the right to sign direct sponsorships with sneaker companies.
The company announced last month it had raised $80 million in new funding from a group of investors including Jeff Bezos, Drake and 25 NBA players including Trae Young, Cam Reddish and Solomon Hill.
Matt and Ryan are expected to be eligible for the 2024 NBA draft.
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