Jordan is a pioneer of Nike shoes Kobe is his successor
while James continues the tradition
if a player is chosen by Nike as an endorser
This means that Nike saw in him qualities that ordinary players don't have However even though Nike
has sharp judgment in selecting people there have
still been many regrettable mistakes in their history
In this video we take a look at the five NBA stars who
made Nike overlook them The first one is Yao Ming
Yao Ming signed a four-year contract with Nike as early as 1998
It is known that Yao Ming's salary for playing for the Sharks in Shanghai was only $20 000
So a Nike employee joked
Yao Ming works full-time at Nike and part-time for the Sharks
In 2002 Yao Ming entered the NBA as a rookie While gaining
massive attention it also brought Nike a huge investment return
In his rookie season Yao Ming averaged 13.5 points 8.2 rebounds
and 1.8 blocks His performance could only be described as average
Although he was selected to the All-Rookie
First Team as a rookie he
didn't win the Rookie of the Year which disappointed Nike In 2003 after his old contract expired
Nike wanted to offer Yao Ming a one-year
$1.6 million contract extension averaging
$400 000 per year while Yao's team's expected value was $5 million per year
During the negotiation the unprofessional Nike
representative bluntly said "Are you joking " The talks ended
in an unpleasant manner At that time Nike was willing to offer LeBron who hadn't played an NBA game yet
Offering a 7-year contract worth 91 million yuan yet giving
Yao Ming already an NBA starter only a 4-year
contract worth 1.6 million yuan this is nothing short
of an insult At this moment Rypien took advantage of the situation
Offering Yao Ming a 7-year 50 million
yuan endorsement deal and also
promising to produce a signed shoe and clothing line for Yao Ming with full sincerity
Just as the two sides were about to sign the contract the Nike headquarters learned that
the renewal talks had collapsed and was very angry
condemning the negotiators as having no brains
Nike does not want to give up the huge Chinese market behind Yao Ming They immediately offered
Yao Ming a 7-year $120 million endorsement deal
which is more than twice the amount of Rui Bu's
However Yao Ming was not a player who only cared about money As the saying goes
"He can be killed but not humiliated " He ultimately
rejected Nike and chose to sign with Reebok
Allen entered the NBA as the first overall
pick in 1996 his rebellious personality
and determined character directly influenced a generation of NBA players and fans
At the time Allen often wore Jordan brand shoes during games so it was natural that he
would not refuse a Nike contract however Allen
was not given much attention or favor by Nike
Nike and Reebok both made offers to Allen at the time but
the contract amounts they offered were vastly different
So Evans sought advice from his
mentor Thompson at Georgetown Without hesitation
Thompson told him to sign with Rypien
Evens later revealed that the difference in
the offers was so great that even tax returns
were in different brackets and humiliated Evens vowed never to work with Nike again
Steph signed a record-breaking 10.5 million dollar contract immediately
Steph rose again
In 2000 Iverson won the league MVP
In the final showdown against OK Combo
LEBU basketball shoes sales surged 53%
Annual net income increased 22%
Soon after Rip and Ewing signed a lifetime endorsement contract
In 2014 Nike designed a basketball shoe from the 96 Golden Generation series
Also wanted to ride on Avery's popularity again
But Avery strongly opposed Nike using any of his elements
In the end Nike had to abandon the plan
In the 2012-13 season Curry led the Warriors to their first playoff
appearance defeating the Western Conference third-place team the Kings 4-2
The second round once again made the Spurs break out in a cold sweat as they were on the verge of
elimination At this point Curry had already transformed from a promising star to a top-tier superstar
The off-season saw Curry's endorsement contract with Nike
expire but Nike's attitude towards Curry was very cold
They didn't want to boost shoe sales with a breakout playoff
performance They have no plans to create a signature shoe for Curry
They didn't even consider holding a Nike All-
Star Camp for Curry instead
putting all their resources into Irving and Wembanyama During the negotiations to extend Curry's contract
Kevin Durant's name appeared in Nike's PowerPoint presentation
Obviously they used Durant's PowerPoint as a template
Just made a few changes and replaced it with Curry
They didn't even bother to check it was a complete disaster
In the end both sides left on bad terms
At this point the American football apparel brand Under Armour
The basketball market business is being vigorously
expanded They first signed with the Warriors
' rookie Kent Bazemore Then they promoted the UA brand within the Warriors through Bazemore
They then got in touch with Curry and offered
him a four-million-dollar contract per year
and also promised to design a signature shoe for him making him the company's top star
Considering that Nike's contract is 2.5
million per year the bank would naturally not
refuse Under Armour's offer but Curry still wants to give the sage one last chance
So he took the Adidas offer and
went back to Nike only
to find that Nike remained as arrogant as ever and even threatened him
Once you leave you can never come back
Since the matter has already been discussed to this extent
there's no need to continue talking so they turned back and signed a contract with Under Armour
In 2016 the sales of Curry's signature shoes increased by 350% compared to the previous
year and the total sales exceeded those of any other player in Nike's portfolio except Jordan
Morgan Stanley analysts said the valuation
of the Under Armour brand was 28.2
billion dollars and without Curry they might have been worth only 14 billion
So this time Nike paid a heavy price for their
arrogance It resulted in a $1.4 billion loss
James Harden was the league's MVP and was once a Nike athlete
In 2015 Adidas offered Harden a 13-year $200 million contract
Luring three All-Star players to Adidas
The Nike team considered it for ten days ultimately giving up on a price war with Adidas
According to Forbes data
This deal pushed Harden's endorsement earnings into the top five in the
league in 2015 ranking behind only James
Durant and Kobe Additional data shows
In 2015 Nike and Jordan held a 93% share of the American
basketball shoe market while Adidas had less than 3%
So Adi was willing to spend a lot of money to lure Harden away
After the contract Harden entered his peak period of his career
Won the league MVP in the 17-18 season and also won the scoring title three
times quickly rising to the ranks of the
league's top superstars More importantly
Because Harden joined the Rockets he gained countless fans in China Facing
Harden who has such influence Nike could
be said to have already made its move
In 2017 the total sales of the US basketball shoe market declined
by 20% but Adidas shoe sales increased by 40% against the trend
Even surpassing Jordan's market share rising to second place
When he joined the league in 2011 Leonard signed with Jordan Brand a subsidiary
of Nike but his endorsement
fee was less than $500 000 per year
Leonard is a unique superstar
Although he is quiet
In 2018 Leonard who had a bitter dispute
with the Mavericks over injury management negotiated a contract extension with Jordan Brand
But Leonard was not satisfied with the
four-year 20 million contract because
at that time James and Durant had 20
million contracts with Nike per year
Curry of Under Armour and Harden of Adidas each
have 15 million Why is Leonard only worth 5 million
Moreover Jordan just signed a ten-year contract with Westbrook
I've only been here four years and I don't have any plans to create my own signature shoes yet
Anthony Wade Westbrook and even Paul have signature shoes When
Leonard was discouraged New Balance
took the opportunity to sign him
And Leonard became the biggest
basketball star under New Balance since
James Worthy in the 1980s In the
following year Leonard joined the Raptors
Led the team to end the Warriors' dynasty that aimed for three consecutive championships
Leonard became the most successful player of the season
Facing a confident and triumphant Leonard
Nike once again paid the price
for its short-sightedness In
2019 Leonard and Nike went to court over the ownership of the logo
The court ruled that Leonard's Giant Hand trademark belongs to Nike New Balance may not use this
logo on any product After the loss Leonard was so
angry that he made a statement at a press conference
He ripped off the Nike logo from his jersey
That's all for today's "Cold Rice Talk"
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