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Marquese Chriss signs endorsement deal. Question
« on: June 20, 2016, 02:27:22 PM »

Offline Tr1boy

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It seems like these days as long as you are a good looking prospects either Nike or Adidas will sign you.

For someone like Simmons i get it.  This could really help with your companies shoe sales especially if he become really a good player (est)

But Chriss? Dunn? I believe Murray has signed a deal too

How can Nike, Adidas afford to do this?   Also doesnt too many signings "water things" down?   

Thoughts
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Re: Marquese Chriss signs endorsement deal. Question
« Reply #1 on: June 20, 2016, 02:31:24 PM »

Offline manl_lui

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Quote from: triboy16f on June 20, 2016, 02:27:22 PM
It seems like these days as long as you are a good looking prospects either Nike or Adidas will sign you.

For someone like Simmons i get it.  This could really help with your companies shoe sales especially if he become really a good player (est)

But Chriss? Dunn? I believe Murray has signed a deal too

How can Nike, Adidas afford to do this?   Also doesnt too many signings "water things" down?   

Thoughts

their annual revenue are upward of 25-30 billion a year, offering a kid a million'ish a year or two doesn't hurt them that much, for them it's merely an investment on the player that may blow up the league in the future.

I think UA signed Curry cheap and when he became MVP, UA made a lot of money off of shoe and apparel sales
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Re: Marquese Chriss signs endorsement deal. Question
« Reply #2 on: June 20, 2016, 02:33:33 PM »

Online 86MaxwellSmart

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Tax write off.
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Re: Marquese Chriss signs endorsement deal. Question
« Reply #3 on: June 20, 2016, 02:33:36 PM »

Offline CelticSooner

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Buddy signed with Nike as well. They have plenty of money to burn hoping for the next big thing. Remember Curry was picked at 7.
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Re: Marquese Chriss signs endorsement deal. Question
« Reply #4 on: June 20, 2016, 02:34:01 PM »

Offline hwangjini_1

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Quote from: triboy16f on June 20, 2016, 02:27:22 PM
It seems like these days as long as you are a good looking prospects either Nike or Adidas will sign you.

For someone like Simmons i get it.  This could really help with your companies shoe sales especially if he become really a good player (est)

But Chriss? Dunn? I believe Murray has signed a deal too

How can Nike, Adidas afford to do this?   Also doesnt too many signings "water things" down?   

Thoughts
last year nike made a gross profit of $14,780,000,000 (is $14+ BILLION)
adidas has a gross profit of $16,920,000,000

yes. yes indeed i think they can afford it.
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Re: Marquese Chriss signs endorsement deal. Question
« Reply #5 on: June 20, 2016, 02:34:36 PM »

Offline hwangjini_1

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Quote from: 86MaxwellSmart on June 20, 2016, 02:33:33 PM
Tax write off.
rather, the cost of doing business.
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I believe Gandhi is the only person who knew about real democracy — not democracy as the right to go and buy what you want, but democracy as the responsibility to be accountable to everyone around you. Democracy begins with freedom from hunger, freedom from unemployment, freedom from fear, and freedom from hatred.
- Vandana Shiva
Re: Marquese Chriss signs endorsement deal. Question
« Reply #6 on: June 20, 2016, 02:34:51 PM »

Offline Fafnir

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Almost every NBA player signs a shoe endorsement deal on some level. The money varies wildly and is incentive laden with options to match future deals. Nike/Adidas are basically making a lot of small bets on a lot of athletes to build relationships for when some of them inevitable do become stars.

This also doesn't mean they get their own shoe necessarily.
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Re: Marquese Chriss signs endorsement deal. Question
« Reply #7 on: June 20, 2016, 02:35:57 PM »

Offline Fafnir

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Quote from: 86MaxwellSmart on June 20, 2016, 02:33:33 PM
Tax write off.
Not at all, they are drafting these players for their future potential just like NBA teams are.

Most players already have relationships to shoe companies via camps, coaches, and schools as well. Shoe money drives the travel basketball teams.
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Re: Marquese Chriss signs endorsement deal. Question
« Reply #8 on: June 20, 2016, 02:36:06 PM »

Offline alewilliam789

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Just making an investment like any other company would. It's like putting money into a startup in hopes that you have a share that will make you a lot of money.
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