In this piece, we’ll compare LeBron James’ deal with Nike to the contracts Kobe Bryant, Kevin Durant and Michael Jordan signed with the sports giant. Your email address will not be published. But unlike a few others, it wasn’t just about spending money on lavishes for LeBron. 13 years ago today, @kobebryant scored 81 points in the Nike Zoom Kobe 1! We knew LeBron James‘ endorsement with Nike was worth more than any other the company has ever given. Looking back at when @KobeBryant laced the adidas KB8 for his first NBA All-Star Game: https://t.co/IMQE69cRvx pic.twitter.com/FduaQOEsqq, — Complex Sneakers (@ComplexSneakers) February 15, 2016, The Adidas Kobe 2 is by far the worst shoe ever made. “It’s been an unbelievable time for myself and my family, and I’m just grateful that Nike and [Nike founder] Phil Knight and everyone over there just believed in a skinny-old, skinny 18-year-old kid from Akron, Ohio, and I’m happy to be a part of such a great company.”. The late, great Kobe Bryant signed with Adidas as rookie. As his marketability continues to grow, so too does his brand. Here's Why, What States Trump and Biden Need to Get Elected, Beirut Explosion: WSJ Reporter Relives the Moment in His Shattered Home, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Partner of iOne Digital / Cassius Network. Terms of the agreement weren’t immediately available. Terms of the deal weren’t immediately available. Pick your perfect beauty bag for free with Sephora coupon code, Target promo code - Up to 80% off electronics, MAC Cosmetics coupon: New members save 15% off, Wuhan, Former Pandemic Center, Emerges as Tourist Hot Spot, What China and Russia Could Reap From Covid-19 Vaccine Diplomacy, The Stock Market Is Ignoring the Economy. Several companies had their eye on Durant when he was coming out of the University of Texas in 2007. You’d better bring your wallet if you’re looking to buy a pair of Air Jordan 1s, though. In a rare move for the sportswear maker, Nike Inc. has signed a lifetime endorsement deal with basketball star LeBron James. What Knicks would have to give up to acquire Donovan Mitchell in a trade. Durant signed a 10-year extension with Nike in 2014 that “has the potential to reach $300 million and includes a $50 million retirement package,” according to Jeff Zillgitt of USA TODAY Sports. Nike felt the amount was enough to retain Durant, and Sunday’s news proves it indeed was. The latest major addition to the Jordan stable was Zion Williamson, who was the No. In a rare move for the sportswear maker, Nike Inc. has signed a lifetime endorsement deal with basketball star LeBron James. Avid sneakerheads will remember Kobe’s first shoes with Adidas well (the KB8 I, II and III). In 2015, Lebron signed a lifetime endorsement deal with Nike. Critics noted that later models were too bulky for slashing guard play, and they were bombing in stores. LeBron James at a Nike event | Visual China Group via Getty Images LeBron James has more on his plate than just basketball. Sadly, Kobe was killed in a helicopter crash just outside Los Angeles in January at the age of 41. This holds true for some of the greatest of all time, including LeBron James, Kevin Durant, Kobe Bryant and Michael Jordan — all owners of Nike shoe deals over the years. Though he was taken too soon, the Mamba Mentality that Kobe left behind will live on forever, and new Kobe kicks continue to come out. In fact, a host of stars represent the brand, including LaMarcus Aldridge, Carmelo Anthony, Jimmy Butler, Mike Conley Jr., Blake Griffin, Maya Moore, Chris Paul, Jayson Tatum, Kemba Walker and Russell Westbrook (to name a few). Their hope is he makes even more. 2 in sneaker earnings at $32 million. That contract was worth $153 million. James’ business partner, Maverick Carter, told GQ Magazine that the lifetime agreement was for more than $1 billion. When It Comes To Nike Celebrity Endorsements, They Have To Make Sure The Shoe Fits (LeBron) ... Mr. James has only worn the new LeBron-11’s for only two complete games. It’s a fantastic deal. According to Forbes, James raked in $89 million in the 2019 fiscal year. And the rest is HIStory pic.twitter.com/hNYUuU0i21, — Renaissauced (@renaissauced) December 18, 2017. A bit of perspective on Jordan’s current financial situation, via Forbes: Michael Jordan’s massive haul in Nike royalties make up 90% of his current annual income and now totals $40 million more than the $90 million combined he made during his 15 years playing for the Chicago Bulls and Washington Wizards. Many argued that the sneakers were less than appealing. #NBAKicks pic.twitter.com/96HkgINn00, — #NBAKicks (@NBAKicks) January 22, 2019. [button width=”full” button size=”bigger” color=”custom” align=”center” textcolor=”#ffffff” texthcolor=”#ffffff” bgcolor=”#8b0000″ link=”https://clutchpoints.com/stephen-curry-ignoring-mvp-comments-lebron-james/”]NEXT: Stephen Curry “ignoring” MVP comments from LeBron James[/button], Your email address will not be published. Required fields are marked *. Link> https://t.co/YnICB5hTXG pic.twitter.com/sQ4lmYQ2UQ, — Official Foot Fire (@footfire_) April 6, 2020. We’ll take the VIIs. From there, the Philadelphia native would go on to become one of the most successful endorsements in the company’s history. All nine passengers on the flight, including his 13-year-old daughter Gianna, perished in the tragic accident. In good condition, they often fetch thousands of dollars. Kanye said a billion. “In 2003, LeBron received his first endorsement check, which actually came FedEx to my house from Nike.” Denis said. 1 overall pick in the 2003 NBA Draft, the Cleveland Cavaliers selected James, an up-and-coming phenom from nearby Akron, Ohio. For comparison, Durant’s rookie sneaker deal was worth $9 million per year. According to Sportcal data, James has earned at least $433 million from endorsement deals already in his career. $36 million came from his NBA salary, while $21 million came from various endorsements. With the No. James signed a four-year contract with the Lakers in 2018. 10.5: $200.00 (0 Bids) End… https://t.co/s0JDhmveS9 #ebay #Sale pic.twitter.com/IwjPw7B78D, — AmazonBay4u (@AmazonBay4u) July 24, 2017. Copyright © ClutchPoints. In 2019, Durant earned $89 million in total revenue, according to Forbes — $32 million of which came from his shoe deal with Nike. Complete set of original Air Jordan 1’s pic.twitter.com/xEUa0AHb4u, — TRENDY FASHION (@Trndyemporium) April 12, 2020. 1 overall pick in the 2019 NBA Draft. “I’m very humble, man,” James said after signing his lifetime deal with Nike, via ESPN. Can you ballpark it? 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It’s the largest deal in the history of the company. Under Armour offered him a huge deal, but Nike had the ability to counter — and they did. Rovell and Marc Stein previously reported for ESPN.com that Nike countered an offer from Under Armour in the $265-285 million range. Which variant is your favorite? #eBay #clothing Nike Air Max LeBron VII (Cavs) White/Black-Varsity Red sz. Holy (expletive). So a billion. At that time, it was the second-largest rookie deal. LeBron’s line of shoes with Nike has grown in popularity over the years. There were ongoing legal issues that prevented him from being given his own signature shoe line at that time, so he adopted a generic Nike shoe — the Huarache 2K4. In his first season with Nike (03-04) Kobe brought the Huarache 2k4 to the hardwood! What are people saying? From a young age, players around the globe dream of signing that big contract, then lacing up in their own kicks. Earning a signature shoe deal is a right of passage for any NBA superstar. He has the highest all-time contract earnings in NBA history, thanks to all of his endorsements over the years. In 2015, Lebron signed a lifetime endorsement deal with Nike. [Maverick smiles and points one finger skyward.]. Partner of iOne Digital / Cassius Network. $32 million of that total came from his shoe deal with Nike. LeBron James net worth: How much has he made so far? The deal is, unsurprisingly, a record-breaking one for Nike, surpassing that of Michael Jordan‘s massive lifetime deal. A 24-year-old Bryant signed a four-year, $40 million contract with Nike in 2003. Jordan’s line is further bolstered by the players who wear his shoes on the court. As great as I feel, as great as LeBron feels—Nike feels fantastic about it. Knowing his potential, Nike offered James what was the largest annual rookie shoe deal in league history — estimated to be worth roughly $12 million per year. With a lifetime deal with Nike and an ever-increasing fan base, that sum is certain to continue to climb. That’s the most important thing. In addition to his blossoming career off the court, James is trying to bring a championship back to Cleveland, as he currently has the Cavaliers in the Eastern Conference Finals against the Toronto Raptors. Ultimately, though, the D.C. native chose to ally himself with Nike, signing a seven-year, $60 million deal, with a $10 million signing bonus. The popular sports apparel manufacturer has signed several talented players over the years, dating all the way back to 1984, when Jordan became the first NBA player to sign with the company. According to a report from Forbes, wholesale revenue at Nike’s Jordan Brand subsidiary hit $3.14 billion in the fiscal year ending May 2019, which was up 10 percent from 2018. And our hope is that, too, obviously. Copyright © ClutchPoints. Carter wouldn’t reveal exactly how much the deal was for, but he did concede that it was at least 10 figures: Come on, Mav! According to several reports, the contract could pay the three-time champion over $1 billion by the time he’s 64 years of age, marking the largest single-athlete guarantee in the company’s history. Jordan hasn’t played in the NBA for years, but the six-time champion is still the undisputed king of sneakers. Nike feels great about the deal. As of August 2019, His Airness was taking in an estimated $130 million annually from his shoe deal, which was four times more than James, who was No.
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