During this time, he was credited with the creation of the NBA All-Star Weekend concept in 1984 and, as the agent for USA Basketball, the marketing campaign for the 1992 Barcelona Olympics "Dream Team."

Welts ran one obituary in Seattle that suggested anyone who wanted to make a remembrance could write a check to the University of Washington architectural school, his partner's major.

[2] On September 9, 2011, Welts announced he was resigning his position with the Suns in order to relocate to northern California and live with his new partner there.

On January 10, 2020, Welts married Todd Gage, his partner of nine years, at San Francisco City Hall.

[16] On April 8, 2021, Welts announced that he would step away from his position with the Warriors at the end of the season, but would remain as advisor for the team.