Black Sports : lebron signs $500 million lifetime deal with nike...

Discussion in 'Black Sports' started by jamesfrmphilly, Dec 8, 2015.

  1. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    CLEVELAND (AP) — LeBron James has signed a lifetime contract with Nike.

    James has been partnered with the athletic apparel giant since he signed a $90 million contract just before he graduated high school.
    The NBA star's new deal will carry into his retirement once he's done playing.

    Financial terms were not disclosed. The company signed Oklahoma City's Kevin Durant to a 10-year, $300 million contract last summer.

    James has a shoe and clothing line with Nike, and his new agreement will expand his brand.

    While still playing, James has broadened his business portfolio in recent years. In addition to a production company, he earned $30 million last year when his stakes in headphone maker Beats by Dre were purchased by Apple.

    James turns 31 on Dec. 30.
     
  2. Therious

    Therious Banned MEMBER

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    seems kinda low for life time doesn't it?
     
  3. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    You got a half a billion dollars? Though these fool can blow that kind of money in a few years it seems. That will last most and their grand kids a life time




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  4. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    how does nike make a profit long term?
     
  5. Therious

    Therious Banned MEMBER

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    nah I don't lol, but I ain't LBJ neither. But LBJ is no fool, I mean in comparison to KD who got 300 million for 10 years,seems THAT A life time contract at age 30 is sort of low.
     
  6. Therious

    Therious Banned MEMBER

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    nikes cost less then 6 dollars to make.
     
  7. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    well aware of that.

    they have close to a billion tied up in two athletes.
    that offsets the low cost of making the shoes.
     
  8. Therious

    Therious Banned MEMBER

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    how
    Nike grossed 27.8 billion,and had a net of 2.7 billion in 2014 i think they good. http://www.complex.com/sneakers/2014/07/how-much-does-nike-ceo-mark-parker-really-make
     
  9. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    I'll take the interest off $300 million





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  10. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    somebody said that nike plans to sell 400 million in lebron gear this year.......
     
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