article by Mark Lelinwalla via bet.com
For the second straight year, Michael Jordan was named to Forbes‘ World’s Billionaires list, with a net worth valued at $1.14 billion.
The value makes MJ the 1,577th richest person in the world and 486th richest in the United States. That’s up nearly 200 spots from the 1,741st worldwide ranking that Jordan had on last year’s list, which marked his debut on Forbes‘ World’s Billionaires list in 2015. What makes his place all the more special is Jordan is the lone current or former athlete on the prestigious list.
Jordan’s 90 percent ownership share of the Charlotte Hornets accounts for about $500 million of his assets, while his Air Jordan line with Nike continues to thrive in the sneaker market with 32 years in the game.
Carmelo Anthony, whose sneakers are designed by the Jordan Brand, couldn’t be prouder of his mentor.
“It makes me proud. Yeah, it does,” Melo told ESPN. “I remember getting there and seeing where the business was then. I remember sitting in the airport in 2006, coming from the world championship, and I remember when the brand had just hit a billion, and to see where it’s at right now — [nearly $3 billion in sales] — that’s a lot. That’s a lot of growth to be a part of.”
To read more, go to: http://www.bet.com/news/sports/2016/3/03/michael-jordan-makes-forbes–prestigious-list-again.html
Posts tagged as “Nike”
LeBron James is setting the bar with his latest venture — a lifetime deal with Nike that’s the first of its kind in the apparel juggernaut’s 44-year history.
The company made the announcement on Monday, ESPN reports, although full details of the deal haven’t been released. Nike and James first came together in 2003, before the star was a member of the NBA. At 18 years old, he was given a seven-year Nike endorsement contract worth just over $90 million. The risk paid off; LeBron has gone on to become one of the most successful players and businessmen in the field.
The deal surpasses previous partnerships between Nike and other players like Michael Jordan and Oklahoma City’s Kevin Durant. And it’s a first for Nike, who’s never completed a lifetime deal with an athlete. Both parties released statements.
ESPN reports:
“We can confirm that we have agreed to a lifetime relationship with LeBron that provides significant value to our business, brand, and shareholders,” Nike said in a statement. “We have already built a strong LeBron business over the past 12 years, and we see the potential for this to continue to grow throughout his playing career and beyond.”
“It meant a lot to me even when I signed my first deal just to be with Nike, and it means even more that they’ve given me this,” James said. “It’s like I said, very humbling and grateful, and I’m going to continue to do my job and represent the brand the best way I can like I know how. Hopefully, people see that.”
The player will reportedly earn over $30 million a year from Nike. The deal will more than likely fuel James’ philanthropic efforts long after he steps off the court. This year, he announced a scholarship program called “I PROMISE,” which will assist exceptional high school graduates as they move on to college. Parents of the program will also receive assistance in completing their GEDs, as well as job training programs.
article by Desire Thompson via newsone.com
This month on Goodblacknews.org, we’ve got 31 days of gift ideas, likes, wants and have to haves. We are easing into the holiday spirit, so here are a couple of items to get you started.
Let’s talk men’s sneaks. With a wink to the 80’s & 90’s, these picks provide a modern spin on some timeless classics. Here are a couple of everyday options for a stepped-up casual style:
NEW BALANCE® FOR J.CREW MESH 1400 SNEAKERS
A remix of the iconic 1400 sneaks is the creative result of the collaboration between New Balance and J. Crew. Check out the cool custom combos of color available. $170.00
https://www.jcrew.com/gift- guide/Mens/PRDOVR~46482/46482.jsp?color_name=cranberry
MEN’S NIKE® INTERNATIONALIST MID SNEAKERS
These original runners were brought back with added, updated style. Loving that they kept the waffle bottoms. $100.00
https://www.jcrew.com/gift-guide/Mens/PRDOVR~E3928/E3928.jsp?color_name=grey
Check out J.Crew’s full gift guide:
https://www.jcrew.com/gift-guide/Mens.jsp?intcmp=m1_giftguide
*Lesa is wearing Uniqlo (jacket), Pretty Persuasion (hat) & Rag & Bone (t-shirt).
#GBN #goodblacknews.org #giftideas
https://www.jcrew.com/gift-guide/Mens.jsp?intcmp=m1_giftguide
*Lesa is wearing Uniqlo (jacket), Pretty Persuasion (hat) & Rag & Bone (t-shirt).
#GBN #goodblacknews.org #giftideas
It may have taken them longer than usual, but Nike knows a good thing when it sees it regarding Kevin Durant.
According to reports, the shoemaker put an end to speculation of the NBA star jumping ship to Under Armour by presenting a deal with an overall value that could rise to $300 million or more if his business continues to rise.
Under Armor’s deal with Durant, which he was on the verge of signing, involved an offer between $265 million and $285 million. Considering a possible transition to the Washington Wizards when he becomes a free agent after the 2015-16 season, Oklahoma City Thunder fans were a bit on edge about the move to Under Armour.
Sources tell ESPN that Nike countered it’s rival’s deal with its high-value offer to Durant and the belief that it will keep the Oklahoma City Thunder star for the next 10 years. Durant’s current seven-year deal with Nike for a guaranteed $60 million is expiring. Initially, the company, offered Durant about $20 million a year in a deal that was far from what he had in mind. Hence, the appeal of Under Armor.
ESPN reports that Nike officials told Durant and his team at Jay Z‘s Roc Nation Sports on Saturday that it would step up enough to allow Nike to keep him in its robust stable of basketball endorsers that includes LeBron James and Kobe Bryant. Although the exact Nike offer for Durant isn’t known, sources revealed to ESPN that Durant should make more — in base and royalties — than the Thunder will pay him over the next two seasons ($41.2 million).
Despite the big payday, sources close to Durant say the decision of which company he would align with weighed on him. A return to Nike, the sources noted, comes with a sense of relief because Durant can still make significant money without being associated with the risks of Under Armour’s fledgling shoe business.
SportsOneSource, a market retail-tracking firm, noted that Durant’s signature “KD” shoes made $175 million at retail this past year. Although Nike had used the “KD” logo since 2008, the company was granted the trademark for the brand in January.
With Durant staying with Nike, Under Armour now finds itself back at square one. The shoe company, which acquired Golden State Warriors guard Stephen Curry away from Nike last year, missed out on Los Angeles Clippers forward Blake Griffin, who returned to the Jordan brand.
Read more at http://www.eurweb.com/2014/09/nike-megadeal-secures-kevin-durants-place-with-shoe-brand/#QiAm4yXxrVsROQP9.99
From Clutch Magazine: Nike is appealing to its consumer base of who wear mens clothing through its newest spokesperson, Brittney Griner. Griner, the 22 year-old number one draft pick for the WNBA’s Phoenix Mercury, will model menswear for the brand.
ESPN reports: ”Griner’s deal is within this range; what makes it groundbreaking is the freedom. She will wear apparel branded as menswear, including the skateboarding line Nike SB, and she is allowed to pursue nontraditional marketing deals with outside companies.”
Wearing mens clothing is a natural fit for the 6’8″ basketball player, who is the first openly-gay athlete to sign with Nike. She says: “I used to do the whole baggy, hard-core, I’m-a-boy look. Then I went through a preppy phase. Now I have the athletic, bow-tie look. I found my style.”
ESPN writer Kate Fagan recognizes the significance of Nike and Griner’s decision, saying: “Androgynous models are coveted in high-end fashion, but the trend toward gender-neutral clothing has only just begun to reach the sports world, with NBA stars Russell Westbrook and Dwyane Wade blurring the lines in their tight jeans and fitted sweaters.”
Read the rest of this story at Clutch Magazine.
NBA center Jason Collins has become the first athlete in a major American team sport to come out as gay during his playing career. In a personal essay set to publish in Sports Illustrated, Collins begins, “I’m a 34-year-old NBA center. I’m black. And I’m gay.
“I didn’t set out to be the first openly gay athlete playing in a major American team sport,” he continues. “But since I am, I’m happy to start the conversation. I wish I wasn’t the kid in the classroom raising his hand and saying, ‘I’m different.’ If I had my way, someone else would have already done this. Nobody has, which is why I’m raising my hand.”
Previously, Collins wore No. 98 in honor of Matthew Shepard, a student at Wyoming who was tortured and murdered just outside of Laramie, Wyo., in October of 1998. During the trial, reports indicated that Sheppard was targeted because he was a gay man.