Nike and LBJ signed a lifetime contract and we now have news that could make this deal sound even more fantastic than it did before. Sources say that the deal could possibly be worth a billion dollars and of course if anybody, the king deserved this.
Sam Amick, a reporter for USA Today who happens to an NBA insider, too,reports that, “I’m told by person w/ knowledge of financials that estimates of between $400 & $500 million are significantly low.”
Amick goes on to say, “On annual earnings front, person w/ knowledge puts figure north of $30 million annually. It’s a lifetime deal, & he’s 30…years…old.”
LBJ is winning out here in a MAJOR way. Go King!Click here for reuse options!
Copyright 2015 IAR Magazine