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To: BrooklynGOP
Lebron James could blow a knee, have a mediocre career, get into drug problems, whatever. He ain't worth $90,000,000. I would question this deal if I was a Nike stockholder.

If $10 towards every pair of shoes with his name on it goes into the pay his contract fund... it will take 9 million pairs of sneakers sold before they break even. That is not including the advertising budget.

190 posted on 05/26/2003 6:53:06 PM PDT by dogbyte12
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To: dogbyte12
"I would question this deal if I was a Nike stockholder. "

Dont hate me, but I am.

Consider this, my friend:

Nike's market cap is 13.6 Billion dollars, with 264 Million shares trading. Current price today was somewhere near 52 Dollars a share. Iof LeBro28NKE) goes up a single point during the playing life of LeBron James, that contract will have been paid for close to three times over.

Do you still think it's a bad deal?

206 posted on 05/26/2003 7:06:36 PM PDT by Pukin Dog (Sans Reproache)
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