Dude made off court business moves, no need to bleed the team's resources dry. the big three took less money to create a winning situation. and Lebron is making power business moves with Fenway Sports Group and various other streams of income.
Dwyane Wade Li-Ning Shoe Contract
While the exact dollar amounts have not been released, it's safe to assume that Li-Ning will be at least matching Wade's $10 million per year Jordan deal, they probably aren't giving him a ton more and might even be paying slightly less. But in return, not only does Dwyane get total creative and strategic control over his own brand, he is also being given a "significant" equity stake in the company. The exact percentage may not ever be released, but if we use
50 Cent's Vitamin Water deal as an example you can begin to comprehend the size of this deal. When Coca Cola purchased Vitamin Water for $4.1 billion, 50 Cent's 2.5% stake was worth $102 million. Today Nike's market cap is $43 billion. Assuming Dwyane Wade was given a 2.5% stake, if Li-Ning is someday valued at just $10 billion his shares would be worth $250 million. If it turns out that Wade was given 5% of the company, his shares could be worth a
half billion dollars! Wade is also expected to earn an additional $200 million in salary and $100 million from endorsements over the rest of his career. In total, if the Li-Ning deal works out, when Dwyane Wade retires his net worth could a staggering
$700 million!
Dwyane Wade Visits China - July 1-14, 2013
Caption: GUANGZHOU, CHINA - JULY 06: Dwyane Wade and Gabrielle Union visit Chimelong Safari Park on July 6, 2013 in Guangzhou, China. (Photo by Bobby Metelus/Getty Images)