Tracy McGrady leaving adidas?

[thamadkant]

well, i just found out yesterday Reebok is paying AI $800k per year until he is 55 at which point they'd pay him $32M to close out that contract.

Smart.

This kind of deal should be what stars go for. It is a contingency when they are older and may not have income or endorsement at that age.

Some want the big 100s of million of dollars upfront, sure this type are great if you want to invest that to another business interest. But if you are the chill type who just wants to live comfortably... structure sponsorship contracts that pay less upfront but spread out a longer term and a balloon payment to end the contract... stars would have money coming in at their middle age years... can be very handy.

[Chronz]

well, i just found out yesterday Reebok is paying AI $800k per year until he is 55 at which point they'd pay him $32M to close out that contract.

Smart.

This kind of deal should be what stars go for. It is a contingency when they are older and may not have income or endorsement at that age.

Some want the big 100s of million of dollars upfront, sure this type are great if you want to invest that to another business interest. But if you are the chill type who just wants to live comfortably... structure sponsorship contracts that pay less upfront but spread out a longer term and a balloon payment to end the contract... stars would have money coming in at their middle age years... can be very handy.

Idk if it's smart but it's better than the utter incompetence when athletes go broke.

Might depend on the contract but I would hope the money isnt just sitting/devaluing over the decades

[Bologna Smasher]

I still have a pair of these somewhere from when I was a teenager.

[Sleep]

well, i just found out yesterday Reebok is paying AI $800k per year until he is 55 at which point they'd pay him $32M to close out that contract.

so much for people saying he's broke...jesus...

Pretty sure his agent had that written into the deal knowing that if Reebok gave him all his money, he'd spend it all. It was to save him from himself.

[djw]

well, i just found out yesterday Reebok is paying AI $800k per year until he is 55 at which point they'd pay him $32M to close out that contract.

Smart.

This kind of deal should be what stars go for. It is a contingency when they are older and may not have income or endorsement at that age.

Some want the big 100s of million of dollars upfront, sure this type are great if you want to invest that to another business interest. But if you are the chill type who just wants to live comfortably... structure sponsorship contracts that pay less upfront but spread out a longer term and a balloon payment to end the contract... stars would have money coming in at their middle age years... can be very handy.

Idk if it's smart but it's better than the utter incompetence when athletes go broke.

Might depend on the contract but I would hope the money isnt just sitting/devaluing over the decades

Well, tbh if you are dumb enough to go broke after an income stream that pays you millions of dollars for years, there is a good chance this doesn't help as much either. If you live a lifestyle that millions of dollars can't afford, those few hunded thousands a year (that you also have to pay taxes on), are rather a drop on a hot stone (do you say this in English?). And even the 32 Mio. to close the contract might already by used by loans that you take to afford your lifestyle knowing this money will come sooner or later.

IMO, anybody who is business-savy would choose the money now over the money later. Cause then you can make the money work for you. By the time the 32 Mio. USD hit your account, they are probably worth only 16 Mio. USD were in your playing days.

------------
On T-Mac: I can see why he was still under contract: to ensure not losing out had his brand evolved like MJ's did so adidas did sign him long-term. But since that didn't happen, adidas has no benefit in keeping to pay him and also entertaining the relationship. Heavily doubt T-Mac's face is still selling sneaker in a major way. I haven't seen his face in ads in years, not even in his end of career playing days anymore.

Gotta admit though, his sneakers were awesome, especially the T-Mac 2.

[dhsilv2]

well, i just found out yesterday Reebok is paying AI $800k per year until he is 55 at which point they'd pay him $32M to close out that contract.

so much for people saying he's broke...jesus...

Pretty sure his agent had that written into the deal knowing that if Reebok gave him all his money, he'd spend it all. It was to save him from himself.

I've heard that even about his wife putting his money into investments/annuities. I feel like if all that's true nobody has had more "help" in making sure they didn't join the 80% of ex athletes who went bankrupt.

[dhsilv2]

Smart.

This kind of deal should be what stars go for. It is a contingency when they are older and may not have income or endorsement at that age.

Some want the big 100s of million of dollars upfront, sure this type are great if you want to invest that to another business interest. But if you are the chill type who just wants to live comfortably... structure sponsorship contracts that pay less upfront but spread out a longer term and a balloon payment to end the contract... stars would have money coming in at their middle age years... can be very handy.

Idk if it's smart but it's better than the utter incompetence when athletes go broke.

Might depend on the contract but I would hope the money isnt just sitting/devaluing over the decades

Well, tbh if you are dumb enough to go broke after an income stream that pays you millions of dollars for years, there is a good chance this doesn't help as much either. If you live a lifestyle that millions of dollars can't afford, those few hunded thousands a year (that you also have to pay taxes on), are rather a drop on a hot stone (do you say this in English?). And even the 32 Mio. to close the contract might already by used by loans that you take to afford your lifestyle knowing this money will come sooner or later.

IMO, anybody who is business-savy would choose the money now over the money later. Cause then you can make the money work for you. By the time the 32 Mio. USD hit your account, they are probably worth only 16 Mio. USD were in your playing days.

------------
On T-Mac: I can see why he was still under contract: to ensure not losing out had his brand evolved like MJ's did so adidas did sign him long-term. But since that didn't happen, adidas has no benefit in keeping to pay him and also entertaining the relationship. Heavily doubt T-Mac's face is still selling sneaker in a major way. I haven't seen his face in ads in years, not even in his end of career playing days anymore.

Gotta admit though, his sneakers were awesome, especially the T-Mac 2.

These are guys who leave college early and start making insane money as essentially children. Nobody is truly business savvy at 19-25 years old. Throw in all the people who take advantage of these guys...plenty of players start to figure things out once the bulk of their money is LONG gone. For those that by 30-35 start to get it, having a stream of cash would be amazing. For those who never get it, well nothing will help that.

[jlokine]

well, i just found out yesterday Reebok is paying AI $800k per year until he is 55 at which point they'd pay him $32M to close out that contract.

Smart.

This kind of deal should be what stars go for. It is a contingency when they are older and may not have income or endorsement at that age.

Some want the big 100s of million of dollars upfront, sure this type are great if you want to invest that to another business interest. But if you are the chill type who just wants to live comfortably... structure sponsorship contracts that pay less upfront but spread out a longer term and a balloon payment to end the contract... stars would have money coming in at their middle age years... can be very handy.

on the contrary, if he took all that money up front, invested it in some of the lowest risk things (8-10% return), he would've gotten more money. who knew in 2000 that $1m would mean so little in 2022.

[WillyJakkz]

Why does t-mac get associated with the rockets so much??? Really with his rockets run along with yao?

His best t-mac sneakers(1-3) all came out while his playing for orlando. I get they sell in asia because he played with yao a few years. But if you know about the tmac 1-3 you clearly know he wore those all in orlando not in Houston. Kinda odd how he seems to always get tied to houston so much more then orlando when his best years and his best sneakers came out when he was in orlando.

The tmac 1-3 where amazing basketball sneakers to play in and they looked dope( especially the 2). Such a fun time in orlando seeing all the kids come back to school after Christmas break rocking t-mac.

Largest fan base outside the US. They were into tmac before he linked up with Yao. The 2 were supposed to be the next dominant pairing, the hype was real.

This is the residual effect.

But tbf, tmac was at his absolute apex his first year in Houston. 02 03 was legendary for its consistency but by the time tmac and yao had settled in together in 0405, that was the best brand of 2way basketball he's ever played. Come the playoffs vs the mavs, he was at his most productive and he was locking down dirk.

This post is 100% on point!

TMac played great with Yao when they were on the floor together but Tracy should've stayed in Orlando while Dwight Howard developed. That was the right call and ironic he was a HS to NBA player that didn't want us to draft a HS to NBA player. AND he was clamoring for Okafor...

On topic his shoes were dope, I had the 2's in blue n silver but I always wanted the ones that had that woodgrain in them when he played in HOU. Loved watching Tracy play!

[Dan Z]

Be honest, is this really a loss for Adidas? TMac has been retired for years and is not a legend to the likes of Kobe or Jordan to continually sell shoes. Adidas probably couldn't wait until that contract expired.

I wonder what he means by the "treatment" he got from Adidas in recent years.

Were they disrespectful? Or is it just that he didn't get paid as much as he wants?

[chuck_wagon44]

Most likely he's referring to lack of signature shoes. That seems to be what upsets players the most with superstar shoe deals.

[XTC]

I don't care how many sprained ankles they gave me.

The Tmac 2's are the GOAT basketball shoes for me. They where so slick.

[chuck_wagon44]

I guess he officially left adidas...he's wearing Jordans now....






All posted on his IG....so either he's playing negotiating tactics or he's officially left adidas.

[BobbyPortisEyes]

well, i just found out yesterday Reebok is paying AI $800k per year until he is 55 at which point they'd pay him $32M to close out that contract.

That was really smart of AI to do.

I love AI but I can guarantee without looking it up that it wasn't his idea.

[GrindCityHustle]

Wish TMacs career had played out differently at the end. Those injuries ruined a once truly elite scorer. I thought TMac had a few better offensive moves than Kobe.

Also lol at now seeing how AI was never going to go broke. No wonder he has been smug during retirement lol.

[Buckeye-NBAFan]

Nice troll thread. Still not over it?

Watch on YouTube

What's so great about scoring 13 points at the end of what I can only guess is the third quarter based on the score

[Tracymcgoaty]

Dude called T-mac a what? Nothing about T-Mac's game was lackluster lol.

[CLosP]

T-Mac’s best years were in Orlando hands down. I did like his shoes back in the day too the black & blue design.

[dsg2003mach1]

Nice troll thread. Still not over it?

Watch on YouTube

What's so great at scoring 13 points at the end of what I can only guess is the third quarter based on the score

that's a strange looking 3 by the clock there

[Clay Davis]

Nice troll thread. Still not over it?

Watch on YouTube

What's so great at scoring 13 points at the end of what I can only guess is the third quarter based on the score

Watch the whole thing man. It'll make you think twice about ever thinking your team is out of the game