Michael Jordan made $140 million as his shoe brand generated $3.1 billion in revenue

[NaijaProdigy Redux]

Jordan takes no risk on any of this (marketing, production, etc). He's basically licensed his name.

Additionally, a more interesting metric would be to see the actual profit margin on $3.1bn and then compare it to his $140M take

 

[homiedontplaydat]

Jordan stay winning

 

[I Really Mean It]

Revenue isn't profit

The shoes cost pennies to make. Nike is making a killing off the brand.

 

[I Really Mean It]

25million people a year are wearing them if you do the math. fukk you mean "who?"

Only people I see wearing them around here are high schoolers and Bamas. Jordan is hypebeast status.

 

[Edub]

The royalty rate (approx 4%) is cheap, the headline number ($110m) while significant should be a lot more.

Nike got a great deal.

Right......

 

[Savvir]

The royalty rate (approx 4%) is cheap, the headline number ($110m) while significant should be a lot more.

Nike got a great deal.

4% of gross is not cheap ..
Especially when he's just licensing name... Not actually designing or marketing. shyt is a wonderful deal to be honest.

 

[MikelArteta]

jordan is a billionaire hasn't played in the nba in almost 20 years yet is making 140 million a year for doing nothing

 

[TRFG]

That’s a hell of a deal.

Passive income

Jordan doesn’t have to do marketing, sales, warehousing and distribution. Just collecting and letting Nike do the heavy lifting. Do you guys understand how businesses work???

 

[Cadillac]

Who wears Jordans anymore?

when dap pandering goes wrong

 

[Seoul Gleou]

this nikka is a walking coli smiley

 

[perfectblack999]

....,.,,,??,,.?,,,. ?...,,,.. ? ?? , ,,?..,.,,,. ,..,?.?,,.?.,.,.,,.?.,,, ,, m.

 

[peppe]

I open this thread and see his face as the first picture and im already thinking thats smiley worthy

 

[TRFG]

MJ is the only black owner in the NBA, so he does "make real executive decisions and plans" -- I'd say he deserves a little more respect than to be called a "mascot".

doesnt the team have a CEO?

 

[3rdWorld]

shytty deal..he used to get like 60 annually though.

 

[stepbackj34spud]

4% of gross is a great deal when you look at the fact that he really gives no input into the development and marketing

Yup. Pays for none of the operating costs or anything. Just simply gets his piece and that’s it. Beautiful.