Denzel Ward is putting money into the team he grew up watching.
The Browns cornerback and Northeast Ohio native has become a minority investor in the Cleveland Guardians, joining fellow NFL star Travis Kelce in the club’s ownership mix, the team announced. Ward’s move comes on the day of the NFL season opener, and it extends the same hometown connection that already linked Kelce to the organization after the Guardians announced his addition in May.
Ward, 29, was raised in Macedonia, went to Nordonia High School and then Ohio State. He also just locked in his Browns future with a two-year, $62 million extension in late July, a deal that should keep the five-time Pro Bowler with the franchise that drafted him No. 4 overall in 2018 for his entire career. Through 100 career games, Ward has 18 interceptions and led the NFL with 19 pass breakups in 2024.
“Cleveland is my hometown,” Ward said in a statement. “I’m so blessed to be able to show up for this city on the field and now as a part of the Guardians organization.”
The Guardians plan to honor Ward at Progressive Field on Tuesday.
Ward is stepping into an ownership group that is in the middle of a major transition. The Dolan family has been the franchise’s longest-tenured ownership group since buying the team for $323 million in November 1999, after a failed attempt to purchase the expansion Browns. Four years ago, Paul Dolan reached an agreement with David Blitzer that gave him a minority stake and a path toward eventually taking control.
Multiple industry sources told The Athletic under condition of anonymity that Blitzer’s first chance to assume majority control would come after the 2027 season. Dolan has said he intends to remain a minority owner.
For now, the group keeps growing, with Blitzer driving the additions of both Kelce and Ward. The two athletes sat in Blitzer’s suite during the Guardians’ home opener in April.
The team had hoped to celebrate Kelce’s involvement in June, but rain washed that day out. Instead, the Kansas City Chiefs tight end signed autographs for fans from the players’ parking lot.
Blitzer’s sports portfolio stretches well beyond Cleveland. He co-owns the Philadelphia 76ers, who this summer added a star with Cleveland roots, as well as the New Jersey Devils, a future WNBA team and a NASCAR team with business partner Josh Harris through Harris Blitzer Sports Entertainment. He also owns stakes in several soccer clubs across Europe.
For the Guardians, the backdrop is a franchise valued by Forbes this spring at $1.66 billion, which ranked 26th among MLB’s 30 teams. The club also remains one of the league’s lowest-payroll teams year after year.
John Sherman was originally brought in as Dolan’s potential successor in 2016, but three years later he sold his shares to buy the Royals, his hometown team. After Sherman exited, he and Dolan spent years shopping the stake before settling on Blitzer as the right fit.
In a sit-down interview with The Athletic last summer, Sherman said he “would have made ties (in Cleveland),” but added, “It’s just different - to get to do this in your hometown is a pretty special deal, and it’s a rare opportunity.”
In Other News...
Cavs Missed Out On A Veteran Scorer Denver Just Landed
The veteran scorer market keeps moving, and DeMar DeRozan now has a new home in Denver after the Nuggets finalized a sign-and-trade framework and brought him in on a one-year veteran minimum deal. The move fills the wing spot left by Peyton Watson and gives Denver another proven half-court option, the kind of addition that can shift a rotation without changing the overall shape of a roster.
For Cleveland, it is another reminder of how quickly the right veteran can come off the board. DeRozan had been agreed to weeks ago before the deal became official, and his landing spot immediately bolsters a Nuggets team looking for reliable offense on the perimeter. For a Cavs club always weighing scoring help and lineup fit, it is the sort of transaction worth noticing even after the paperwork is done. [Read more 🡒]
Cavaliers Look Built To Rule The East Again But One Doubt Remains
ESPN analyst Zach Kram put the Cavaliers in a familiar-sounding bucket this offseason, labeling Cleveland, Boston and Detroit as regular-season win machines. It is a flattering designation for a team that already reached the Eastern Conference Finals last season without LeBron James, and one that keeps getting stronger on paper as the roster around Donovan Mitchell and Evan Mobley takes shape.
The Cavaliers have continued to build with intention, signing Mikal Bridges to a four-year contract and extending Mitchells deal as they try to keep pace with the Easts best. The lineup now carries the look of a contender with Harden, Mitchell, Bridges, Mobley and Allen in the mix, but the memory of last spring still hangs around after Cleveland was swept by the Knicks, leaving one familiar question looming over an otherwise imposing group. [Read more 🡒]
Cavaliers Have One Big Question As Pressure Builds Around Mitchell And Mobley
Clevelands season ended with real progress on paper and a familiar sting in the spring, as the Cavaliers finished 50-32, pushed into the Eastern Conference Finals and then were swept by the Knicks. The front office also kept reworking the roster along the way, bringing in James Harden on a multi-year deal while Dennis Schrder and Keon Ellis moved on, and Peyton Watson emerged as one of the more encouraging additions after a breakout season.
Now the pressure shifts back to the players who define the ceiling. Evan Mobley and Donovan Mitchell remain the names Cleveland will lean on most, and the question hanging over the franchise is whether that core can finally turn regular-season success into a deeper playoff run. The supporting cast has changed, but the expectation around the Cavaliers has only gotten heavier. [Read more 🡒]