Recent Images In This Thread
- categoryFootweartagged by LA Guy, 10/7/13
- brandNiketagged by LA Guy, 10/7/13
- itemNike Hattagged by LA Guy, 10/7/13
- itemNike Jackettagged by LA Guy, 10/7/13
- itemNike Sneakerstagged by LA Guy, 10/7/13
- brandNike Sportweartagged by LA Guy, 10/7/13
- itemNike Sweat pantstagged by LA Guy, 10/7/13
- categorySneakerstagged by LA Guy, 10/7/13
Related Forum Threads
- Dsquared2 white 100% leather high-top athletic sneakers, 42.5/9.5 Last post on 2/27/15 at 5:28am in Streetwear & Denim Classifieds
- [SOLD] Neil Barrett white 100% leather athletic sneakers, 42/9 Last post on 1/12/15 at 3:01am in Streetwear & Denim Classifieds
- [SOLD] Hogan grey/blue low-top 100% suede leather athletic sneakers, 42/9 Last post on 1/12/15 at 3:01am in Streetwear & Denim Classifieds
- Maison Martin Margiela 3-Strap Velcro High Top Black SIZE 45 Last post on 3/30/14 at 12:34pm in Streetwear & Denim Classifieds
- What socks to wear with sneakers/casual shoes? Last post on 10/8/12 at 6:08am in Classic Menswear
Tips of keeping a pair of premium sneakers nice
Last edited: 2/1/16
- Styleforum Visits Viberg Boot CompanyLast edited: 8/10/15
- The Styleforum Brief: March 2015Last edited: 3/9/15
- One Sneaker to Rule Them All: The Rise of the Stan SmithLast edited: 3/10/15
- Sneakers for Boot PeopleLast edited: 2/9/15
- Allen Edmonds
- The Armoury
- Craftsman Clothing
- David Fin
- Drinkwater's Cambridge
- Equus Leather
- Exquisite Trimmings
- Falcon Garments
- A Fine Pair of Shoes
- H. Stockton
- Gentlemen's Footwear
- The Hanger Project
- H.N. White
- John Elliott
- Kent Wang
- Khaki's of Carmel
- Luxire Custom Clothing
- M Classic 101
- Meermin Mallorca
- MILER Menswear
- Need Supply Co.
- No Man Walks Alone
- Pierpont Leather
- Portland Dry Goods
- Proper Cloth
- Ring Jacket
- S.E.H Kelly
- Self Edge
- Spier & Mackay
- Standard & Strange
- Suspension Point
- Taylor Stitch
- Uncle Otis
- Vanda Fine Clothing
- Virtual Clotheshorse
- Yellow Hook Necktie
NIKE Thread - Page 411post #6151 of 101572/28/14 at 9:02ampost #6152 of 101572/28/14 at 12:06pmpost #6153 of 101572/28/14 at 12:11pmpost #6154 of 101572/28/14 at 1:20pmpost #6155 of 101572/28/14 at 1:41pmpost #6156 of 101572/28/14 at 2:29pmpost #6157 of 101572/28/14 at 2:39pmThread StarterHow Michael Jordan made $90 million in 2013
Nike released the Air Jordan 10 “Powder Blue” retro sneaker on Saturday, 20 years after the first Jordan 10s hit shelves. Like all the Jordan retro releases, this one was highly anticipated and first-day sales hit $35 million. For perspective, in all of 2013, Adidas sold $40 million in the U.S. of the signature shoes of its top star, Derrick Rose. The Bulls' current star guard isn’t the only one operating in the shadow of Jordan. Reigning MVP LeBron James is the top seller among current NBA players with $300 million at retail last year for his Nike shoes, according to data tracker SportsOneSource. Jordan crushed those numbers with $2.25 billion in U.S. retail basketball sales in 2013. It has been more than a decade since Michael Jordan last appeared in an NBA uniform, but MJ most certainly has still got it.
Jordan made an estimated $90 million last year thanks to the rich partnership he enjoys with Nike. His 2013 earnings eclipsed those of all other retired or current athletes save boxer Floyd Mayweather. It marked Jordan’s biggest earnings year yet in a career paved with monster paydays, which peaked in Jordan’s last season with the Bulls (1997-98) at $80 million.
Jordan entered the NBA three decades ago after three years at North Carolina, where he announced himself to the country his freshman year with the game-winning shot in the 1982 National Championship game. Nike saw the marketing potential of Jordan, drafted third overall by the Bulls, and offered him a five-year contract worth $500,000 annually plus royalties. It was a huge sum at the time for a shoe deal, but it was a partnership that would lead both parties to unprecedented heights.
Jordan took the court his rookie year in 1984 in a pair of red and black Air Jordans, which matched the Bulls’ uniforms, but did not feature any white per NBA protocol. The league banned the shoes and fined Michael $5,000 every game for wearing them. Nike covered the fines and capitalized on the attention with a commercial with the following voiceover: "On September 15th, Nike created a revolutionary new basketball shoe. On October 18th, the NBA threw them out of the game. Fortunately, the NBA can't stop you from wearing them." A marketing juggernaut was born.
New Air Jordans followed annually in assorted colors and there have been a myriad of special releases along the way. The retro business makes up about half of the Jordan shoe business today. “Nike has made an art form of unrequited demand,” says SportsOneSource analyst Matt Powell regarding the retro releases. “Making sure that there is supply well below demand keeps things fresh.”
Retail shoe sales for the Jordan Brand in the U.S. grew 11% last year to $2.7 billion, with basketball making up 84% of that, according to Powell. Roughly 50% to 55% of that goes to Nike. If you factor in sales of Jordan apparel, the international Jordan business and sales at Nike stores, the Jordan brand is contributing roughly $2 billion of revenue to Nike, which posted sales of $26 billion over the last 12 months. Jordan, the man, gets a cut of every shoe, hoodie or pair of shorts sold by Nike under the Jordan Brand. We estimate MJ’s take from Nike was at least $75 million last year. “Given that he is the name that launched the brand, you could argue that he deserves more,” says Phil de Picciotto, founder and president of Octagon. “Jordan is the perfect athlete.”
One of every two basketball shoes sold in the U.S. last year carried the Jordan brand. Factor in Nike-branded shoe sales into the mix, and Nike has a near monopoly in basketball with market share of 92%, according to SportsOneSource. Adidas (5.5% market share), Reebok (1.4%) and Under Armour (0.7%) are still searching for answers to Jordan.
The Jordan Brand isn’t sitting still. It opened its first Jordan-specific store, Flight 23, this month in New York City, outside of Madison Square Garden where No. 23 tortured Knicks fans for so many years with moments like this legendary dunk or his double nickel return to MSG.
MJ still weighs in on designs of new Jordan shoes and suggests players he thinks would be a good fit for Nike’s Jordan endorsement roster, which counts roughly 20 current NBA players, including All-Stars Carmelo Anthony, Chris Paul and Blake Griffin. The Jordan Brand also taps players outside of basketball like baseball’s Derek Jeter, Nascar’s Denny Hamlin, boxing’s Andre Ward and football’s Andre Johnson.
Outside of Nike, MJ’s earnings get a boost from long-time endorsement partners Gatorade, Hanes, Upper Deck and Five Star Fragrances for his cologne line. He’s also added deals with 2K Sports and Novant Health in recent years. In addition, he owns seven restaurants, a car dealership and his most valuable asset, 80% of the NBA’s Charlotte Bobcats. Jordan used himself as the carrot to help close a Bobcats sponsorship deal with Novant in 2012.
Is Michael Jordan still relevant in today’s culture? More than any other athlete if you go by hip-hop lyrics -- there were references to Jordan in 50 new songs in 2013, according to ESPN The Magazine’s music issue. The next most mentioned athlete was Kobe Bryant at 18, followed by James with 15. Jordan was named the most popular sports figure of 2013 in the ESPN Sports Poll with 4.2% of the vote. Jordan’s Q score, which gauges awareness and popularity, has been tops among sports fans every year since 1991. His 25 million Facebook fans are 43% more than any other U.S. athlete.
Jordan’s ownership tenure, first with the Washington Wizards and now with the Bobcats, has been rocky (his motorsports team also shut down last year due to a lack of sponsorship). He has not been able to translate his prowess on the court into the ownership suite in terms of wins and losses. But from a business sense, Jordan might hit another game-winner with his ownership of Charlotte.
Jordan became majority owner of the Bobcats in 2010 in a deal that valued the team at just $175 million. Jordan also agreed to put up cash to cover operating losses the team was piling up. But after five straight years of heavy losses, the Bobcats turned an operating profit (earnings before interest, taxes and depreciation) of $7 million last season. The team benefits from the new collective bargaining agreement that reduced the players’ cut of revenues from 57% to 50%. The CBA also tripled the revenue sharing going from the NBA’s haves to have-nots. Charlotte is one of the biggest beneficiaries with revenue sharing that should reach $18 million a year.
NBA teams are also on the verge of a massive cash infusion with new TV deals set to be negotiated this year. The current pacts with ESPN/ABC and TNT are worth $930 million annually and insiders think the next round of agreements will be worth at least twice as much. The value of the Bobcats, which Jordan owns 80% of, was up 30% over the last year to $410 million in Forbes' latest look at the business of basketball. Mark Cuban thinks every NBA team will be worth $1 billion within 10 years. We estimate Jordan's current net worth at $750 million. His earnings prowess shows no sign of letting up and should land him a spot on Forbes billionaire list in the coming years.post #6158 of 101572/28/14 at 7:26pmpost #6159 of 101573/1/14 at 1:18pmpost #6160 of 101573/1/14 at 1:26pmThread Starterpost #6161 of 101573/1/14 at 1:46pmpost #6162 of 101573/2/14 at 12:55pmpost #6163 of 101573/2/14 at 5:08pmpost #6164 of 101573/2/14 at 11:26pmpost #6165 of 101573/3/14 at 6:50amFor those who don't already know about this: Deadstock sneaker price guide
- Styleforum Visits Viberg Boot Company
Currently, there are 1567 Active Users (299 Members and 1268 Guests)
- › Official Terrorist Bombing and Other Acts of Inhumanity Thread 42 seconds ago
- › Brexit 44 seconds ago
- › Buying and Selling on eBay: Tips, Tricks, Problems & Questions 2 minutes ago
- › The Grim Reaper - Conne's Obituary Thread 2 minutes ago
- › Edward Green Appreciation: Pictures, Info, and Where to Buy 3 minutes ago
- › Looking for high quality dress shoes 4 minutes ago
- › Epaulet shop - Official Affiliate thread 5 minutes ago
- › Engineered Garments SS 16 5 minutes ago
- › Selling NEW JOHN LOBB William II monkstraps 10 US $1480 6 minutes ago
- › Official Wedding Attire Question/Answer/Picture Thread 7 minutes ago
- › Alden Black Shell Cordovan Plain Toe by smfdoc
- › Florsheim Vincent Wingtip Oxford by smfdoc
- › Allen Edmonds Lasalle Dress Shoes by Lobster33
- › Clark Street Casual Shoes by Lobster33
- › Sage de Cret Green Jacquard Wool Linen Blazer by robxznyc
- › Gerani Corduroy Slim Straight Pants Yellow by robxznyc
- › Luigi Bianchi Rough Heavy Cotton Twill Blazer Yellow by robxznyc
- › Sage de Cret Patchwork Wool Bomber Jacket by robxznyc
- › WLG by Giorgio Brato Brown Nubuck Bomber Leather Jacket by robxznyc
- › Alden Snuff Suede Flex-Welt Chukka Boot by mediahound
- › Why Pay Such A Premium For Sunspel Or James...
- › In the Details: Lucian Föhr
- › A Sunday Drive: Styleforum Spring GMTOs
- › Should I dryclean my jeans, and if not, how...
- › The 5 Most-Hyped Handbags of the Moment
- › Eight Vignettes in Search of a (Wedding) Theme
- › The Kent Wang Cufflink Giveaway
- › Where to Buy a Last-Minute Wedding Suit for...
- › What to Wear: The Black Tie Wedding
- › What to Wear: The Casual Summer Wedding