Nike has built its success on celebrity and
athlete endorsement deals, starting with running prodigy Steve Prefontaine in 1973 and continuing with one of the most successful shoe marketers of all time in Michael Jordan, whom Nike signed to a five - year endorsement deal in 1984 worth roughly $ 500,000 per year.
Under Armour, which generated nearly $ 4 billion in sales last year, has reported consistent double - digit sales growth as it expands into new product categories, places a bigger bet on the women's market, and sees stronger brand interest with key
athlete endorsement deals including NBA star Stephen Curry and golfer Jordan Spieth.
If you don't think one
athlete endorsement deal matters to a massive company like Nike, think again.
Not exact matches
Nike has built its success on celebrity and
athlete -
endorsement deals, starting with running prodigy Steve Prefontaine in 1973 and continuing with one of the most successful shoe marketers of all time in Michael Jordan.
In our most recent Fortunate 50
athlete earnings list (with Sports Illustrated) Sharapova was the highest - ranked woman on the international list, with an estimated $ 20 million in annual
endorsement money from
deals with Nike, Evian, Tag Heuer, Samsung, and others.
While local sponsors may support the underdogs and
athletes who haven't medaled, the biggest
endorsement deals typically just go to the top one or two competitors in each sport — headliners like Shaun White and Lindsey Vonn.
This approach is now common among
athletes that sign
endorsement deals: don't just serve as an ambassador for an upstart brand, but get ownership, too.
The Rio events introduced the world to several breakout performers with the potential to become true household names — even if some of these
athletes must hold off on those oh - so - lucrative
endorsement deals for a little while.
Adidas has also signed on key
athletes to
endorsement deals that help elevate the brand in the eyes of consumers.
Check out our list of six other
athletes who lost their
endorsement deals for bad behavior.
Since the elimination of amateurism in the Olympic Games,
athletes are often funded to train through corporate sponsors and
endorsement deals.
college
athletes should be able to sign
endorsement deals and make money off their likenesses (autographs, video games, etc).
The Olympics didn't disintegrate after the rules were amended to allow
athletes to take outside
endorsement deals.
Featured articles on business aspect of sports industry,
athlete professional contracts,
endorsement deals and how money makes a big impact on different sports.
Bishop credits Billy for effective marketing ploys aimed at 16 - to 24 - year - old males:
endorsements from X Games
athletes; sponsorship
deals with the likes of Cannondale mountain bikes; a retrofitted reptile - motif school bus that raided Mountain Dew and Coca - Cola promotional events to blast the insurgent's urination - themed slogan, «Drain the Lizard.»