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Post by mape on May 20, 2003 20:36:50 GMT -5
Michael Jordan signed his first endorsement deal in 1985, a five-year agreement to wear Nike shoes and apparel that was worth a then-astounding $500,000 a year. In the coming days before the NBA's draft lottery, LeBron James, 18 years old and the projected first pick in the June 26 draft, is expected to sign a contract that could be worth more than $10 million annually.
The Akron Beacon-Journal, quoting unnamed sources, reported Tuesday that Reebok has offered a lucrative, long-term endorsement deal that would pay James more than $75 million.
Although the total value of the James shoe and apparel contract isn't expected to surpass the record five-year, $100 million extension that Tiger Woods signed with Nike in 2000, a deal worth half that annually would be a milestone given that James has yet to play professionally. Tiger Woods received $8 million per year in his first five-year deal with Nike. Venus Williams also was awarded a shoe and apparel deal worth $8 million annually when she signed with Reebok in December 2000. Reebok pays Allen Iverson between $5 million and $7 million annually, and adidas pays Tracy McGrady about $10 million a year. At the end of 2002, Nike had about 39 percent of the U.S. athletic footwear business, Reebok was a distant second at 12 percent and adidas had 9.6 percent.
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Post by chocolate st*rfish on May 22, 2003 15:06:42 GMT -5
actually the geezer's not bad at all.. but 10 mio $ ?? so kobe's no longer the chosen one after mj's left..
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Post by mape on May 22, 2003 20:28:51 GMT -5
yeah today he signed with nike for 7 years $90 milliion dollars plus an additional 10 million as a signing bonus.
and the guy is only in high school
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Post by chocolate st*rfish on May 23, 2003 13:27:40 GMT -5
watched a vid withim playing gainst some other yank school, don't remember the name, anyway he knows how to hoop. but what if he gets severely injured or something like that.. millions of bucks blown up'n'away.. on the other hand they got the money :bulbs::bulbs:
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Post by Rain on May 27, 2003 2:28:42 GMT -5
Hey if they want me to wear shoes for 90 million dollars for seven years I will do it.
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