Colin Kaepernick reportedly became an investor in the BIG3. Rick Osentoski-USA TODAY Sports

A report this week claimed Colin Kaepernick has invested an undisclosed amount of money in the BIG3 to help the basketball league stay afloat, but someone close to the free-agent quarterback says that is not true.

Shams Charania of The Athletic reported on Wednesday that Kaepernick had reached some sort of agreement with Ice Cube’s league. Someone reached out to Charania on Thursday and told him his information was bad.

In a follow-up story, Charania said he was told by a representative for Kaepernick that the 34-year-old has no involvement with the BIG3. The rep said the report about Kaepernick investing money in the league is “just not true.”

The BIG3 is a 3-on-3 basketball league that was founded by Ice Cube and entertainment executive Jeff Kwatinetz in 2017. It is unclear where the initial information about Kaepernick came from.

Kaepernick remains a free agent after he worked out with the Las Vegas Raiders several weeks ago. Hall of Fame defensive tackle Warren Sapp said he heard the workout did not go well at all. Kaepernick is not believed to have any other workouts lined up.

More must-reads:

TODAY'S BEST
How Patriots' Drake Maye has already impressed Jacoby Brissett
LeBron James, Giannis Antetokounmpo, Stephen Curry among Forbes' highest-paid athletes for 2024
Steve Cohen addresses if Mets could again be trade deadline sellers
Tiger Woods ruins strong first round with sloppy finish at PGA Championship
Xander Schauffele makes history in first round of PGA Championship
NFL responds to speculation about Chiefs schedule and Taylor Swift
Despite hopes for change, NASCAR championship weekend will return to Phoenix in 2025
Chiefs will achieve something not done since 1927 with 2024 schedule
Caitlin Clark's debut was most-watched WNBA game in more than 20 years
Yankees' Aaron Judge comments on resurgence after bad slump
Odell Beckham Jr. reveals why he was 'hesitant' to join Dolphins
Lakers reportedly interested in adding three-time All-Star via trade
Luka Doncic fed off negative reactions in Game 5 win over Thunder
Celtics finally put away undermanned Cavaliers, advance to conference finals
Avalanche force Game 6 with big third period vs. Stars
MLB announces punishment for Astros' Ronel Blanco over foreign substance
Vikings HC shares big Justin Jefferson contract update
Rafael Nadal switches gears, gives major update on French Open status
DeMar DeRozan confirms desire to return to Bulls
Mavericks defense rises to occasion in Game 5 win vs. Thunder

Want more NBA news?

Join the hundreds of thousands of fans who start their day with Yardbarker's Morning Bark, the best newsletter in sports.