18 year, the kid from Akron was offered up to $100m from #Reebok
AND $10m signing (check handed to him), but he couldn't meet w/ others.
He refused the deal and went back to school the next day. π
Eventually signing with $NKE.
He felt $NKE could offer him more.
Nike and him partnered on over 19 shoes already and he signed a lifetime deal in 2016 worth over $1b.
"Signing with Nike," LeBron said in 2018, "is the best business decision I've ever made."
Lebron's first ππ
2. Jordan
In the 1980's Converse had major NBA players such as Bird and Magic. Jordan also wanted to sign, but it didn't happen.
Next Adidas was interested as well, but they said to Michael's agent ...
"Weβd love to have Jordan, we just canβt make a shoe work at this point in time."
MJ didn't want to meet with Nike. His mother forced him to take the meeting.
Today the Jordan Brand has generated billions for $NKE and helped globalize the NBA.
First ππ
3. Steph
In 2013, his deal was up for renewal w/ $NKE.
Nike presentation to resign Steph had Kevin Durant's slides in them.
$UAA found unique ways to reach Curry. For example, they would send more boxes to his teammate Kent Bazemore
Bazemore was a rookie, βhe got more gear and boxes in front of his locker than anyone else on the team." -Curry said
They offered to make him the face of the brand. Today, Curry is arguably the most popular NBA player.
First ππ
4. Kobe Bean Bryant (RIP π’)
In 2002, Kobe paid $8m to exit his deal with Adidas. He was not impressed with their designs.
Summer 03' Kobe signs with Nike and ends up creating some of the most innovative sneakers ever.
He collaborated closely with their designers to focus on performance, aesthetic design and comfort. Truly a visionary , the BLACK MAMBA #mambamentality
Fun fact: In 2003 $NKE signed Kobe and Lebron both.
First ππ
5. The 'Answer' AI
AI signed with Reebok his rookie year 10 years $50m.
They re worked his deal in 2001 to make it lifetime, he receives $800k a year AND has $32m in a trust which he receives in 2030.
Iverson continues to make public appearances for the brand till date. One of the most iconic figures of his era and influential players.
First ππ
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π§΅...This is the balance sheet that the FED has to unwind, to try and curb inflation, control asset prices, along with ensure employment markets are stable.
There are SEVERAL other effects.... thread below π§΅
$SPX $MSFT $QQQ $AMZN $FB $AAPL $TSLA
1. Multiples // PE ratio
Notice that blip in 2018, last time the FED attempted this, thats when you saw Dec 2018, until the FED retracted.
This while we are seeing some of the most innovative technological advancements, digital disruption, and emergence of some massive future trends. Not even a decade ago, we were still rolling out 3G networks, and look where we are today...π
These are just some of the fascinating rapid growth we are seeing across technology, science, data / compute, and more:
"Even if the Metaverse falls short of the fantastical visions captured by science fiction authors, it is likely to produce trillions in value as a new computing platform or content medium.
But in its full vision, the Metaverse becomes the gateway to most digital experiences, a key component of all physical ones, and the next great labor platform."