How much money does nike make off of lebron james

However, that title probably still belongs to Nike’s dealings with Michael Jordan, which spawned its popular line of Jordan Brand sneakers. Nonetheless, the LeBron James deal was a smart move for Nike, which will widen its already massive moat against its potential rivals in the basketball shoe market. They wanted to be partners — and they wanted ownership.

Median NBA Salary

The middle-of-the-road NBA annual payout is a lot closer to the bottom than the top. Still, the NBA is crying poverty, with commissioner Adam Silver jaems that a significant number of teams lose money. For perspective, look at the total NBA salary money in NBA poverty claims are seen by some as a buildup for forcing down player salaries. Also see: Kobe Bryant Net Worth.

Nike signs its first ever lifetime deal with King James.

In the recently published biography of James, LeBron, Inc. By making timely investments and leveraging his influence, James, 34, has become one of the wealthiest athletes in the world. As the most hyped young basketball player in decades, James was drafted first overall In the NBA Draft by the Cleveland Cavaliers straight from high school. Shoe companies were eager to ink James to one of the biggest endorsement contracts ever. To illustrate just how famous James was as a teen, celebrities attended his Catholic high school games , and he was on the cover of Sports Illustrated at years-old. After a long period of pitch meetings and private jet rides for him and his friends, James chose to accept the lower offer from Nike. Brian Windhorst wrote that James sided with who he thought would be a better long-term partner in Nike over a higher initial offer from Reebok.

LeBron James signed a four year deal with the Los Angeles Lakers

The middle-of-the-road NBA annual payout is a lot closer to the bottom than the top. Still, the NBA is crying poverty, with commissioner Adam Silver complaining that a significant number of teams lose money. For perspective, look at the total NBA salary money in NBA poverty claims are seen by some as a buildup for forcing down player jamws.

Also see: Kobe Bryant Net Worth. There are twelve teams in the NBA that are losing money. The least profitable team in the league is the Charlotte Bobcats. Since then, Jordan has pumped millions more into the money-losing venture. How does NBA salary money stack up against other popular sports? NBA players take issue with these figures. However, they also have the smallest amount of players per team.

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Total NBA Salary

McDonald’s Corp. By Oct. Intel is a recent addition to an endorsement portfolio that also includes Beats by Dre and Kia. James and his business manager Maverick Carter secured a partnership that included elements of a traditional deal commercials, etcbut also included an ownership stake in the company. Similar jamws his agreement with Beats, James was interested in an ownership stake. Reebok. James also agreed to allow FSG jajes pitch him other business deals where they would earn a commission. However, that title probably still belongs to Nike’s dealings with Michael Jordan, which spawned its popular line of Jordan Brand sneakers.