Ethan Davis34 said:looks like Spencer Haywood was one of the first guys in basketball to land a deal like that https://boardroom.tv/spencer-haywood-nike-basketball/
it’s Nike again because apparently offering a cut of sales (or in Spencer's case, equity, if I got that right) was the only way they could actually compete with Adidas or Converse. It’s kind of like how the Los Angeles Lakers might offer a player a percentage of a future trade instead of a massive salary when they can't meet the numbers 😁.
"These days, Michael Jordan credits Spencer Haywood for being the first player of such stature to sign with Nike, paving the trail for his namesake multi-billion-dollar brand."
so much for Michael's forward-thinking mom ☕
Interesting. If I remember correctly, they even approached Magic Johnson, but he turned them down.
But man, if this is true, Spencer can brag to the moon about how close he came to being a billionaire! 🤣
I find it hard to believe his mom was really that ahead of her time with the financial stuff. Still, it feels a bit lazy that the movie gave her all the credit.