Bumblebreh
Collecting honey and money
If I had earned 1 dollar for every mj smiley and gif thatgets posted on the coli. I would be a millionaire
MJ earns 5% royalty on every Air Jordan shoe sold": How the Bulls legend amassed a rumored $2.1 bill
- Thread starter Sonic Boom of the South
- Start date
Exactly.
5% off top because he allowed them to attach his name to a shoe he wore years ago is
He’s taking a cut individually on that brand higher than any sole person (double entendre)
5% is absolutely amazing. Sure, if he had a contract that "expired" with them this year, no doubt he'd get more than 5%, but all he has to do is let them use his name on any of their products, and boom......5% PER fukkING SALE!!!!!!
.He literally has to do close to NOTHING except let Nike use his name and logo, and he's making billions.
.
imagine knowing you have 100 mill coming to you every year for DOING nothing, breh prob doesn't even attend one meeting just give me that check jan 1st
then he gets that big ol check from the nba as well from the tv deal
Average Jordan shoe is about $145.
Just on shoes alone, he's getting $7.25/shoe.........insane.
Just on shoes alone, he's getting $7.25/shoe.........insane.
The only knock would be is he could’ve renegotiated and bargained for a little more earlier in his career because I’m sure that Nike and Phil Knight didn’t envision this.
calixprynce
...
i think john madden gets a nice percentage as well for every madden game sold as well
Surprised EA hasn't just dropped him yet
Very doubtful, and that's because if a company is in early stages or flatlining, doing a royalty deal can stunt growth. Not to say that Nike wasn't a viable company, but 5% is a great deal for EVERYTHING with his name on it.
I see you missed that I saying weirdos will see 5% and hate because they don't know any better.Yes?.
This isn't 5% of profits, it's 5% on sales, and there is a massive difference there. You're not going to find many companies offering a 5% royalty like that. And, it wasn't just for one product, he gets that on his entire brand and really doesn't have to do much at all.
5% royalty on top of whatever the Nike deal is even tho that 5% seems a little low.....
But then again it’s their factories, materials, IP, distribution, marketing, R&D and design
5% is hella generous. Ya'll act like MJ is getting $25,000 a year off this deal.
It’s not a hill to die on but just being objective of what could’ve been.
Johnny Kilroy
79 points in 1 quarter
He’s the reason it’s iconic
Of course.
If he had an opt out or was able to renegotiate now, you're absolutely right he'd get a lot more. No doubt about it!