- 1,699
- 228
- Joined
- Nov 30, 2013
I always had a felling MJ had a bad personality!
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: this_feature_currently_requires_accessing_site_using_safari
But his image is their product. Do u understand that? Nike is selling alotta shoes that are priced cheaply but because of the jordan name they can charge what they want and still sellout every single time
Ppl buy cole simply because its coke. Shasta cola might be the same thing but ppl still opt fir coke because of the name
MJ is worth more to Nike than Nike is to him. He doesnt need more money as an individual but Nike needs his name to make billions off his name and continue to grow as a company.
5% feels like a slap in the face honestly. Id ask for more, if they say no, I walk.
They'd beg him to come back in a few month and give gim what he asks.
He has 2 bilions dollars a year in leverage
Have u studied business before?
Take some business courses and u will understand.
Ive tried my best. May yeezus forgive me for my sins
Take some business courses and u will understand.
Ive tried my best. May yeezus forgive me for my sins
that 2 billion isn't net
nike took in a net profit of 696million in 2013
Jordan took 90 million net...
Comparing both... Jordan's net was 12.9% of Nikes ENTIRE corporate empire....
That's alot..
If Jordan really believed he could earn more, he would have. 5% royalties are huge, considering the marketing, logistics, and manufacturing involved.
If Jordan really believed he could earn more, he would have. 5% royalties are huge, considering the marketing, logistics, and manufacturing involved.
|I what I've been tryna say man.
Michael Jordan followed suit for donating $5 million, or 11% of the $45 million he brought in last year, to Chicago’s Hales Franciscan High School, a historically African-American Catholic prep school.
http://www.forbes.com/2008/11/24/op...brity-biz-media-cz_dkr_1124charitycelebs.html
that was in 2008... who knows what other charities he' been involved in since...
you guys need to stop speakin on other peoples' wallets
realtalk
"A portion of the proceeds from the purchase of Jordan products support educational initiatives".
Michael Jordan followed suit for donating $5 million, or 11% of the $45 million he brought in last year, to Chicago’s Hales Franciscan High School, a historically African-American Catholic prep school.
http://www.forbes.com/2008/11/24/op...brity-biz-media-cz_dkr_1124charitycelebs.html
that was in 2008... who knows what other charities he' been involved in since...
you guys need to stop speakin on other peoples' wallets
realtalk
2nd post in the thread after OPs.....
I been said a portion of the proceeds from JB purchases goes to education initiatives.
![]()
![]()
You'd think they could spare 10 million dollars in profits for the people in asia who make the shoes. Imagine how much good $10 million dollars of salary increases would do in asia.
Look Mike pitches in $5 million and ends up with $85 million and Nike pitches in $5 million to bring Jordan brand down to $691 Billion.
Its not like they gotta give up their 5th and 6th homes.
Aint nobody gonna be rocking no adidas Jordan's dog.
He either gets 5% of $2+ billion or he can go elsewhere & get a bigger percentage of a MUCH smaller pie & end up with less money
Kinda funny how Jordan brand generated 2.25 billion in revenues last year and Mike himself gets 90 mil off that. Thats less than 5% total.
Id be mad if I was him.
You guys have to remember MJ make alot of money off:Okay again, what's your point?
He's being paid handsomely, he has no other alternative.
He has no room to negotiate, whatsoever.
What's he going to do? Punish Nike by pulling his contract?
![]()
Can't wait for the Adidas Jordan I. Long overdue, bwahaha.
And your cola comparison is not apt.
how do you maintain the audacity to still post in threads about finance?
I can tell you know it cost about $6 to make a nike shoeYou'd think they could spare 10 million dollars in profits for the people in asia who make the shoes. Imagine how much good $10 million dollars of salary increases would do in asia.
Look Mike pitches in $5 million and ends up with $85 million and Nike pitches in $5 million to bring Jordan brand down to $691 Billion.
Its not like they gotta give up their 5th and 6th homes.
Dude get all the free nike clothing and shoes he want for him and his family plus Im sure he have big time stock in the company that is worth even moreIf Jordan really believed he could earn more, he would have. 5% royalties are huge, considering the marketing, logistics, and manufacturing involved.