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Justin Timberlake is putting stock in his hometown basketball team. According to Memphis’ “Commercial Appeal,” the pop superstar and Tennessee native is poised to become a minority owner in the NBA’s Memphis Grizzlies. Timberlake is teaming up with businessman Robert Pera in Pera’s bid to purchase a stake in the team for a reported 350-million-dollars. The NBA has yet to sign off on the deal, but if it does Timberlake will join a growing list of music stars who have invested in professional sports teams. Hip-hop mogul Jay-Z holds a minority stake in the Brooklyn Nets; singers Marc Anthony, Gloria Estefan and Jimmy Buffett are part owners of the Miami Dolphins; and R&B star Usher is part owner of the Cleveland Cavaliers.

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