James signed a seven-year $90 million endorsement deal with Nike in 2003 as an 18-year-old. It made him the highest-paid player in the NBA at around $12 million combined with his NBA contract. That deal with Nike was reportedly less than the $115 million Reebok offered him at the time.
Does LeBron James have a lifetime contract with Nike?
That would make LeBron the first American team sport athlete to accomplish the feat, though Michael Jordan did so after his career. James has a lifetime deal with Nike reportedly worth in excess of $1 billion itself, and recently left Coca-Cola to sign a new endorsement contract with Pepsi.
How much money does Nike make from LeBron?
Even before stepping foot on the basketball court, James was handed a seven-year $90 million deal by Nike. In fact, LeBron had a much better offer with other brands, but he decided to go with Nike. This one decision turned out to be gold for LBJ. 18 years old with a $90 Million dollar Nike deal.
How much is LeBron James shoe deal?
LeBron James (Nike): $32 million
James signed a lifetime deal with Nike in 2016 that his business manager Maverick Carter told GQ is worth more than $1 billion. His shoes will need to continue to sell at a high clip in retirement to reach that mark.
Why did LeBron James sign with Nike?
James signed a seven-year, $90 million contract with Nike on May 22, 2003. The deal was actually worth less than the $115 million that Reebok had offered him. Of course, James ultimately went with Nike due to its longevity in the marketplace.
Is MJ a billionaire?
Michael Jordan is considered the greatest NBA player of all time. He’s also the richest former professional athlete in the world with a net worth of $1.6 billion.
Did Nike give LeBron a billion?
In 2016, James signed a “lifetime” contract with Nike that is said to be more than $30 million a year and was hinted by his business partner Maverick Carter, according to Business Insider, to be worth more than a billion dollars.
Does Nike Own Jordan?
Nike, Inc. Air Jordan is an American brand of basketball shoes, athletic, casual, and style clothing produced by Nike. Founded in Chicago, Air Jordan was created for Hall of Fame former basketball player Michael Jordan during his time with the Chicago Bulls.
How much has Nike paid Michael Jordan?
There could not have been a better ambassador for it than His Airness himself. Nike consolidated his deal with an offer of 5% royalties to the Bulls star for Jordan Brand sales. This is the deal that has allowed to earn the major chunk of his net worth – now reportedly over $2 billion.