One Guard
Chapter 491: Mr. Billion Dollar
The beautiful sunset reflects the surface of Baiyan Lake orange-red, and the sky and water surface are connected, seeming to form a road leading to the sky. Countless tourists raised their cameras on the banks of Baiyan Lake and took photos of this extremely beautiful picture.
"It's such a beautiful scenery." Mark Jin admired the unique beauty of Baiyan Lake through the window. It's really nice to be able to buy a small villa in a place like this.
"The scenery by Baiyan Lake is really good. If you have time, you two can also go for a walk by the lake. It has a unique flavor." Opposite Mark King, Bill Duffy took over the right to speak with a smile, and the people beside him Yiyang just sat on the stool with an expressionless face and took a sip of coffee.
"Yi, how much did you spend to buy this villa?" Mark Jin looked away from the window and fell on Yiyang's cold face.
"More than one million US dollars, I heard there are still vacant houses for sale here." Yiyang answered lightly, thinking that the other party also wanted to buy a house here. However, there is something in Mark King's words.
"More than one million U.S. dollars? That's only one-third of your endorsement income. Hahaha, this house is really a bargain!" Mark King said this deliberately to highlight Adidas' offer to Yiyang. The contract price is extremely high.
"In recent days, your performance in the playoffs has been really dazzling. When I passed by the American Airlines Center Arena today, I saw the Adidas advertisement endorsed by you outside. To be honest, our plan is very suitable for you. You Your outstanding performance has also doubled our revenue. If we continue to sign you with a contract of 3.3 million US dollars, it would be the greatest disrespect to you! Therefore, Armstrong and I decided to sign a brand new long-term contract with you today. Make a contract." After Mark King admired the beautiful scenery of Baiyan Lake, he finally went straight to the topic.
After Mark finished speaking, Armstrong pushed the contract to Yiyang and Duffy. When the two saw a string of "0"s behind the endorsement fee in the contract, they were both dumbfounded. Adidas is really serious this time!
"USD 250 million in 10 years. I think no company can show more sincerity than us." Looking at the surprised expressions of Duffy and Yiyang, Mark Jin smiled proudly. Although Duffy is a top manager, this is the first time for him to handle such a large contract for his players!
Although Yiyang had heard Duffy mention this number when he was on the phone, he still couldn't help but swallowed when he saw the contract with his own eyes. Yiyang's pursuit of money now is indeed not as strong as when he first entered the league, but facing a reward of hundreds of millions of dollars, a normal person would be tempted.
Bill Duffy is more knowledgeable than Yiyang, but he also knows very well that US$250 million is almost a price that does not need to be considered. The contract signed between Adidas and Rose last year was 190 million for 14 years. Yiyang's contract is only 10 years, but it's worth 250 million. As a top manager, Duffy naturally understands elementary school mathematics. Both parties have reached a confidentiality agreement on the details of this contract extension. The purpose is to prevent Rose's team from causing conflicts with Adidas. It is so much higher than Rose's offer, which shows how high Adidas' expectations are.
"This is indeed not a small amount, Mr. Mark, what do you think?" Duffy looked at Yiyang. Although 250 million is already an astronomical number, if Yiyang wanted to, Duffy would continue to raise the price. But Yiyang is not the kind of person who is greedy. At US$250 million, this price is already very satisfactory to him.
Seeing Yiyang nodded slightly, Duffy looked through the details of the contract carefully. 250 million in ten years is indeed a lot, but the experienced Duffy knows very well that he cannot be carried away by the momentary joy.
"Athlete awards?" When Duffy looked through the contract and saw such an unfamiliar word, he couldn't help but ask. The contract states that if Yiyang does not win any "athlete awards" for two consecutive years, the income from the endorsement contract will be cut by 50%.
But the problem is that the term "athlete awards" does not exist in the NBA league. Daffy looked up at Mark, hoping he could explain.
"We just want to use this contract term to refer to some specific awards in the NBA. These awards include most valuable player, selection to the All-Star team, winning the NBA championship, being selected to the first team, second team or third team of the season, etc. .In order to avoid repeatedly mentioning the names of all the above awards in the contract, a noun was chosen to refer to them. In other words, as long as you don’t come away empty-handed for two consecutive years in the next 10 years, you don’t have to worry about breaking up with him. The amount has been reduced." Mark Jin spread his hands, and with this explanation, the request did not seem to be excessive.
Judging from Yiyang's current development trajectory, even if he does not receive any honors, it is almost impossible to miss out on the All-Star lineup for two consecutive years. Unless Yiyang suffered some serious injury. But injuries are unpredictable. What's more, Yiyang has played full attendance for three consecutive seasons so far. He does not have an injury-prone physique, and the chance of suffering a major injury is even smaller than Rose, the youngest MVP.
Other details in the contract are understandable in Duffy's opinion. It's nothing more than that Yiyang must wear Adidas sneakers in all public occasions. Even if Vignali sends Jordan generation boots to Yiyang in the future, Yiyang can only keep them and not wear them.
Adidas has the right to post on Yiyang’s social media accounts for the purpose of promoting products. In addition, if Yiyang is involved in a public scandal, Adidas also has the right to unilaterally terminate the contract. If anyone else had come across this clause, Duffy might have hesitated. But for Yiyang, Duffy is still very relieved about his private life.
Most importantly, this contract is a signature shoe contract. In other words, in the next few years, Adidas will vigorously develop Yiyang's exclusive signature shoes. For top players, a high-value signature shoe endorsement contract can give them more exposure opportunities, show a more personalized side of themselves, and help players better connect with fans and consumers. It is undeniable that the added value brought by a signature shoe contract will be extremely beneficial to players in building their personal brands during their long careers.
Thinking about how popular Nike's James, Durant and Kobe Bryant series sneakers are around the world, you'll know why Adidas is so keen on creating exclusive sneakers for Yiyang. Signature sneakers are often the hottest and most popular sneakers. The impact of a signature sneaker lasts throughout a fan's life, representing a unique style and story behind their favorite player.
After all the terms were thoroughly studied by Duffy, the experienced manager Chong Yiyang nodded lightly. "There's nothing else wrong with the contract. We can sign it now if you want."
Hearing Duffy let go, Mark King's heart was in his throat. He just received an internal message saying that Nike has prepared a super high-priced contract of 300 million U.S. dollars for 11 years for Yiyang! If Yiyang does not sign now, Adidas will most likely lose their most popular brand spokesperson. Looking at Yiyang's expressionless expression, Mark even felt that he was more nervous now than when he was shooting the winning shot.
Yiyang looked at Duffy, and then at the number with a string of "0" on the contract. Now that Duffy has said it's okay, what advice can I, a person who knows nothing about contracts, offer? There is nothing too harsh about the terms, but there are many incentives. Yiyang didn't think about it for long before he picked up the pen on the table.
After signing this contract, Yiyang will become one of the people with the highest sneaker endorsement fees in the basketball world. But now he doesn't think so much. He only knows that he and his mother will no longer have to live those bloody hard days.
Yiyang made up his mind and quickly signed his name on the contract. It wasn't until this moment that Mark King finally breathed a sigh of relief. Sorry Nike, even if you have 1 billion US dollars, you still have nowhere to spend it! You have James, Durant and Kobe, and now, we have also accumulated potential stocks like Rose and Yiyang! It seems that Adidas' turnaround is about to succeed.
Seeing that the matter was settled, Mark Jin excitedly raised his wine glass. To be precise, it was a coffee cup, because Yiyang insisted not to drink. After all, he had a game tomorrow.
"Okay, let's forget about those serious terms for now. Happy summer, Duffy, too. Thank you for your efforts in the past three years. I believe that we will cooperate even more happily in the next ten years!"
"Yes, you pay us and we work." Duffy also raised his glass, "Cheers. I think in the days to come, we will be in a better mood to sit together and enjoy the beautiful scenery of White Rock Lake."
Four coffee cups bumped together gently, making a crisp sound. A shockingly big contract was unknowingly born under the sunset by the Baiyan Lake...
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