1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Lebron w/ Reebok?

Discussion in 'NBA Dish' started by Tonaaayyyy, May 20, 2003.

Tags:
  1. SLA

    SLA Member

    Joined:
    Dec 19, 2002
    Messages:
    3,021
    Likes Received:
    0
    Francis is big....one of the top 10 most popular players in the NBA. :)

    Rockets fans may hate him cuz he can't play point guard like Jason Kidd and sometimes we can can't win and blame him because he is the "leader" and "franchise".

    But other basketball fans just like him because of his crossovers and dunks. And his streetballness...
     
  2. silentfan

    silentfan Member

    Joined:
    Apr 10, 2003
    Messages:
    715
    Likes Received:
    0
    See my poll "Do you want to see Lebron turn out to be a bust"

    I agree wholeheartedly. I also want to see NIKE lose their ass on this one.
     
  3. Easy

    Easy Boban Only Fan
    Supporting Member

    Joined:
    Jul 23, 2002
    Messages:
    38,309
    Likes Received:
    29,848
    The root of the evil is not just the media. It's the shoe companies too. As someone have said, they pay a kid .25 to make a pair of shoes, and sell it for over $100 to another kid who might not even be able to afford it. That because they pay yet another kid, who haven't done squat, $150 million.

    The reason why people want LeBron to fail is not because they hate the kid or think it's his fault, but because they hate the system. They want the system to fail. And unfortunately, in order for the system to fail in this particular case, LeBron has to fail. But don't cry for him even if he's a bust. The amount of money in his bank is already more than that which 99% of the people can make in 10 lifetimes.
     
  4. tigereye

    tigereye Member

    Joined:
    Jun 23, 2002
    Messages:
    2,497
    Likes Received:
    225
    Newsflash: LeBron is going to Nike


    Wednesday, May 21
    Updated: May 22, 8:57 AM ET

    Sources: LeBron, Nike agree to seven-year deal

    --------------------------------------------------------------------------------
    By Darren Rovell
    ESPN.com


    LeBron James is more than a month away from signing with an NBA team, but Wednesday night, the 18-year old phenom -- projected to be the No. 1 pick in the June 26 draft -- agreed in principle to a seven-year deal with Nike, sources told ESPN.com.

    Sources said the deal was worth more than $90 million, but less than the five-year, $100 million deal Tiger Woods signed with Nike in Sept. 2000. The deal also includes a $10 million signing bonus.

    James' agent Aaron Goodwin and family publicist Alexandria Boone both declined to comment. Boone said only that an announcement would be released Thursday.

    The battle for James -- which formally began when he declared for the draft on April 25 but actually had begun years before -- was thought to be only between adidas and Nike.

    Nike, a $10 billion company with the largest market share in the athletic shoe business, was willing to spend plenty, but James' St. Vincent-St. Mary team had worn adidas, thanks to the work of adidas' director of basketball Sonny Vaccaro. Vaccaro also declined to comment on James' reaching an agreement with Nike.

    But once James turned pro, Reebok executive Tom Shine -- who could not be reached for comment Wednesday night -- told ESPN.com that he kept quiet to respect James' amateur status. Over the past few days, Reebok emerged as the favorite, but in the end James went with the swoosh, less than 24 hours before the league lottery.

    Rick Burton, executive director of the Warsaw School of Sports Marketing at the University of Oregon, said watching how Nike shareholders respond to the news on Thursday should be interesting.

    "When Tiger Woods signed his first deal with Nike worth a reported $40 million, one analyst said that Nike overpaid and downgraded the stock," Burton said. "A couple weeks later, when Tiger won the Masters, it was concluded that they had bought the right guy. We'll obviously have to wait until October to see the first glimpse of LeBron."

    With Nike officials confirming on Tuesday that they had signed Carmelo Anthony, the company could have locked up the first two picks of the NBA Draft, which takes place on June 26. The company also is expected to announce a deal soon with Kobe Bryant, once a penalty clause expires in Bryant's existing deal with adidas in June.

    Wednesday was a big business day for James, as he also signed an exclusive trading card and memorabilia deal with Upper Deck. Goodwin declined to give specifics, but one source with knowledge of the deal told ESPN.com it was a five-year contract worth at least $1 million per year plus a $1 million signing bonus.

    Darren Rovell, who covers sports business for ESPN.com, can be reached at darren.rovell@espn3.com.
     
  5. GreenVegan76

    GreenVegan76 Member

    Joined:
    May 14, 2003
    Messages:
    3,336
    Likes Received:
    1
    Great points, Easy! :)
     

Share This Page