Endorsement Deal facts

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Hulk Hogan was offered to endorse a grill, but missed his agent's phone call due to picking up his kids. George Foreman took the deal, and has earned close to $200 million ever since.

how endorsement deals work?

Gene Salazar, a professional golfer who signed a lifetime endorsement deal with Wilson in 1923 and collected paychecks for 75 years until he passed away in 1997.

What's endorsement deal?

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endorsement deal meaning?

1. Michael Jordan signed his endorsement deal with NIKE because ADIDAS thought he was too short.

2. After the New Coke fiasco of 1985, Bill Cosby ended his endorsement deal with Coca-Cola, saying that the episode had damaged his credibility.

3. In 1964 professional bowler Don Carter was the first athlete to earn a $1 million contract in any professional sport. The bowler, known for his mastery of the right-handed backswing, signed the endorsement deal with bowling ball manufacturer Ebonite International.

4. In 2015 it was reported that Kobe Bryant earned $49.5 million, between his NBA contract and endorsement deals with various companies.

5. The first endorsement deal between a musical act and an athletic company was between Run-D.M.C. and Adidas. Run D.M.C.'s co-manager invited an Adidas exec to the band's concert at Madison Square Garden, where they played their song "My Adidas" and asked the audience to hold up their shoes.

6. The first athlete to ever receive a $1 million endorsement deal was Don Carter. Sport: professional bowling.

7. The Chinese Government sold Yao-Ming's image without his endorsement even though he already had a deal with Pepsi, also the Chinese Government used to take a 8% of his NBA money.

8. Because Michael Jordan was so successful in his sport he received major endorsement deals with brands like Nike, making him even more famous.

9. Almost all music artist deals with record labels are 360 deals—labels offer cash advance upon signing while holding a percentage of album sales, touring, merchandise, promotional appearances, endorsements, licensing, etc.

10. Steph Curry, the best basketball player in the world, turned down multiple beverage deals to sign an endorsement contract with Brita. Because water is good, and because he didn't want to encourage waste in the form of plastic water bottles.