127 Business Endorsements
"Whew"
Jin Feng took a long breath, and he had to admit that the "medicinal bath" was very refreshing, although the whole body felt a little sour, but the feeling of washing bones and cutting marrow was still somewhat there. Pen | fun | pavilion www. biquge。 info
However, this thing can't be soaked every day, the medicinal properties are too strong, if you soak every day, not only can not achieve the effect of enhancing physical fitness, but will harm the body.
…………
The next day, Heberudoy, the agent in charge of Jin Feng's American affairs, came to the apartment.
Rudoi's arrival is definitely welcome to Jin Feng, after all, to a certain extent, the agent is the "God of Wealth".
Sure enough, Rudoi brought Jin Feng good news of making money.
Holding a large pile of documents, Lu Doi glanced at Jin Feng and began to introduce.
"At present, I have received 4 offers for sneaker contracts on my side, 3 on Mr. Ji's side, Nike, Adidas, Reebok and Under Armour, and Mr. Ji's side is Li-Ning, Anta and Peak"
Jin Feng nodded at this, he was not surprised, after all, his potential was there, coupled with the huge market behind him, however, there were quite a lot of them, but he didn't know how to bid: "You go on, what price did they offer?" ”
"The four companies on the U.S. side give cash contracts......
"Cash contract? What do you mean. As soon as Rudoi was about to continue, Jin Feng interrupted him, but Jin Feng didn't know much about the sneaker contract market, so when he heard the words cash contract, he had some questions.
"Well, the cash contract is a kind of sneaker contract, there are generally three kinds of sneaker contracts, commodity contracts, which are the sneaker contracts that nBa bench players can sign, without any other requirements and obligations, you only need to wear the other brand's sneakers, the bid for this kind of contract is generally not too high, of course, given your ability and the huge Chinese identity behind it, even if it is not too high, it can reach $3o." Rudoi thought for a moment and continued. "The cash contract is the contract given by these four companies, and the difference between him and the commodity contract is that the price given is high enough, generally reaching seven or eight hundred thousand US dollars a year, and it contains a lot of incentive clauses."
"The third type of sneaker contract is the signed sneaker contract, which is a contract that big stars can sign, and there are only 20 players in the league who have this kind of sneaker contract, so I don't need to introduce this kind of contract, right?" Rudoi glanced at Jin Feng again, Jin Feng nodded, the signed sneaker contract naturally did not need to be introduced by Rudoi, before Jin Feng thought that the general sneaker contract was a signed sneaker contract!
"The contract can also be signed sneakers, but that is one of the bonus clauses, the contract provided to you by Nike is a 7-year $1oo million dollar contract, evenly spread, an average of $140,000 per year, but there is no incentive clause."
Jin Feng frowned, 7 years, the contract period is too long, and there is no reward clause, this contract can basically be passed. This is the condition given by Nike, which is really harsh, but considering that this is Nike, the next few may bid lower.
"Adidas' bid is $9oo over five years, an average of $1.8 million per year, with a bonus clause where you get $8o if you make the Rookie of the Year team."
Jin Feng frowned, Adidas and Nike are evenly matched competitors, it stands to reason that the offers given by the two are not much different, but, looking at it now, at least in terms of the offer to him, Adidas is much more generous than Nike.
"Jin, this is not surprising, first of all, the era of the Adi Five Tigers has come to an end, if they want to continue to compete with Nike, they must immediately inject fresh blood, your special identity has given them hope, and Adidas, too, is particularly keen on backcourt players!" It seemed that he saw Jin Feng's doubts, and Lu Doi took the initiative to explain.
"Under Armour's bid is $8 million over five years, $1.6 million per year, with bonus terms that include $50,000 for being named to the All-Rookie team, $50,000 for the All-Star Game, and $50,000 for a contract extension when it expires." Under Armour's rewards are quite numerous, except for the length of the contract.
"Wait, as far as I know, Under Armour isn't so generous, can they compete with Nike Adidas?"
"Jin, you don't know, as you said, the sales of Under Armour sneakers were not optimistic, but, they were lucky, they have Stephen Curry, Stephen Curry is now one of the hottest superstars in the league, naturally, the Under Armour he endorses is also rising with him, UA's sneaker sales have skyrocketed by 754%, the market share has grown violently, and the brand awareness has also increased significantly, in addition, in recent years, UA has also been with Kemba Walker, Jennings and other stars have signed big contracts, and I believe that UA will have a fight with Nike and Adidas in the future! ”
"Reebok is offering a seven-year, $5 million contract with certain bonus clauses, and if you can meet them, it's about $1 million a year on average."
"What about Li Ning, what is their price?" Jin Feng thinks that domestic brands are not bad, especially Li Ning, which has developed very strongly in recent years (although the quality cannot compete with international brands such as Nike, but it has been making rapid progress), of course, although he cooperated with Li Ning once before and was finally abandoned, but Jin Feng did not care, to put it bluntly, it was business, which is normal.
"Li-Ning's bid is very high, maybe they take into account the factors of the Chinese market, their bid is a signed sneaker contract, the contract period is 6 years, 2ooo US dollars, an average of 3.3 million US dollars per year, and a series of reward terms, including 5o US dollars for being selected into the best rookie team, 5o US dollars for participating in the All-Star Rookie Game, they will also launch your own sneaker brand for you, and there are also a series of Olympic reward terms, in short, the contract is very generous, It's almost at the level of an NBA star. ”
"As the hegemon of basketball shoes in China, Anta's price is not low, probably for the same reason, they offer a contract of 6 years and 23 million US dollars, in addition to a series of bonus terms, including 50,000 US dollars for being selected into the best rookie team, etc., however, they will not launch an exclusive sneaker brand for you!"
"Peak offered a seven-year, $2,100 contract with a series of bonus terms, including being named to the All-Rookie Team, but overall, Peak had the lowest offer of the three domestic players in China."
Jin Feng thought for a while, and after thinking about it, he said: "You communicate with Ji Ming, just talk to Li Ning first, to tell the truth, I took a fancy to the benefits they gave to launch a personal brand, of course, the number of years must be compressed, preferably 4 years, not too long"
Rudoi nodded, and Jin Feng's consideration also thought of it, the shorter the life, the more flexible the future.
"In addition, Jin, I have several endorsement contracts here, all of which are local to San Antonio." Rudoi handed over two contracts, and Jin Feng hurriedly looked at them.
Since Jin Feng entered the NBA, he has received several endorsement contracts in San Antonio, earning a total of more than 200,000 US dollars, and it is very easy to earn.
"One is that Twitter from the United States invited you to settle in and gave you a $450,000 entry fee, you see?"
Twitter? Social software in the United States? I heard that it was a very awesome social software, and Jin Feng quickly agreed.
"Also, these are a couple of contracts for South Chinatown in San Antonio, and I calculated that the total value was about $1 million.
"Herb, you are an agent, you know more about these aspects than me, everything is up to you to negotiate and I will sign in the end, but, only one, it must be reasonable and legal"
…………