Thursday, June 10, 2010

The John Wall Shoe Deal


Lebron James has Nike, Derrick Rose has Adidas, Chris Paul & Carmelo Anthony have Jumpman & John Wall has....... Reebok??? I know I had to take a pause & look at that again. The Potential #1 pick in the upcoming NBA draft & the Most Hyped player to enter the NBA since King James will sign with the least recognizable Basketball Shoe company in the NBA but there is one upside, his contract. It's being reported by yahoo that his Reebok deal is worth $25 million over five years Yep, 5 Million Dollars a year. While that is far from the more than 90 million dollar contract that Lebron James signed when his was 18. (Including a 1 million dollar signing bonus) It's still a huge chunk of change. When rose signed his contract with Adidas financial details were never released but it's safe to say that he didn't see any where near the amount the wall is seeing. One thing that is surprising is that John Wall is Under LRMR which is the marketing firm that is owned by one Lebron James. One would think that James would be able to get a deal from Nike that would pay him at least 2-3 million dollars a year, but i guess an agency should try to find the best deal for its client and that's what LRMR did. Wall is expected to get a signature shoe from Reebok and (as long as it doesn't look like these pictured above) they should sell well & Reebok seems to thinks that Wall could be the next Allen Iverson (minus the Strippers, Gambling & Hennesy Addiction) for them. Hopefully this Deal turns out better for Wall than Dwayne Wade decision to sign a shoe deal with converse (Remember that)when he came into the league and a couple of years down the line wade had an epiphany and figured out that he didn't like the shoes they were creating & also the company and last year he ended up signing to Michael Jordan's Jumpman brand. We can only speculate what company Wall will end up with 5 years down the line with but for now and more importantly for him MONEY TALKS!!!!

2 comments:

  1. you would take the money too as long as u don't have to wear pink shoes he's good

    ReplyDelete
  2. I would take the money but i would take it with Nike or Adidas so that i could sell more shoes no one wants to end up selling shoes like Starbury did LOL

    ReplyDelete