Chapter 339 338. These people don't know how to appreciate

Zhang Yang and AJ completed the contract renewal, shocking the basketball world, and the first billion-dollar endorsement in NBA history was born!

The media called this endorsement too exaggerated.

Previously, the largest single endorsement contract for an NBA player was the 03 million dollar contract signed by James in the summer of 9300. It had additional incentive clauses totaling 500 million dollars, but the total did not exceed 7 million dollars, and the endorsement lasted for 1400 years, with an average of exactly million dollars per year.

Taking into account incentive clauses such as being selected for the All-Star Game and the Best Team, Zhang Yang can get 2650 million per year, which is almost twice the endorsement fee of James!
However, although this endorsement was extremely exaggerated, the media and fans were not particularly surprised. They were just amazed that Zhang Yang actually received more than 2500 million in endorsement fees.

Because the Beijing Olympics will be held this summer, Hook and AJ must resolve the contract renewal issue.

As early as last summer, whether Zhang Yang would renew his contract had become a hot topic among the media and fans.

The endorsement contract signed by Zhang Yang in January 06 expires in December this year. Tellem is far-sighted and would rather sign a short contract for less money. In addition, there is a clause for early termination of the contract in the endorsement agreement, and the termination time is this month. If the renewal agreement cannot be reached in advance, Zhang Yang can terminate the contract early after the end of the season. Of course, he will also suffer losses, as he worked for AJ for nothing in the first half of this year.

But he doesn't have to worry about this part of the loss. If he fails to reach an agreement with AJ, Adidas, Under Armour, Reebok... will rush to help him make up for it.

After Zhang Yang won the championship in his sophomore year last season and became the youngest FMVP in history who cannot be surpassed, Tellem asked AJ for more than 2000 million a year. When Hook and AJ were hesitating, Under Armour and Reebok offered Zhang Yang the price that Tellem wanted. From then on, the initiative completely shifted to Zhang Yang and Tellem.

The reason why James felt a huge crisis and played for his life at the beginning of this season is because of this.

In January this year, after Zhang Yang topped the scoring list, the wealthy Adidas offered him a 1 million yuan offer for four years. Reebok and Under Armour could not keep up with this price, but Hook and AJ finally chose to keep up.

However, Hook still wanted to save face, and the direct price was only 4 million for 9600 years, as a show of force to competitors.

The extra part was given as a bonus, but an extra 600 million was spent to buy face.

Most media reports analyzed the reasons why Zhang Yang got such a big contract, what kind of endorsements the major sneaker brands gave to Zhang Yang before the report, and how Zhang Yang finally got such a big endorsement.

However, some media reports have a tricky angle - whether Zhang Yang's commercial value ranks first among NBA players.

This highly suggestive report successfully caused heated arguments among fans of Zhang Yang, Yao Ming, James, Kobe, Iverson, McGrady, Garnett, etc.

...

In the evening, Zhang Chen and Yang Jing hosted a celebration party for their son's successful contract renewal.

In the morning, Tellem and the person in charge had such a big quarrel, but at the celebration party, they started to call each other brothers while drinking.

It has to be done in front of those who came to negotiate. Tellem needs to show Zhang Yang how hard he worked to get the extra 600 million, and the person in charge needs to show his superior how hard he worked to keep Zhang Yang from Tellem, the vampire.

The person in charge had completed his work, and the leaders came to the celebration banquet, sat for a while and then left. Tellem also received his commission check of 850 million US dollars from Zhang's father. The two no longer had to pretend to be incompatible and had to cooperate in the future.

The earliest agent agreement signed by Tellem and Zhang Yang was for an endorsement commission of 20%, which was the market price. Before Zhang Yang signed his first sneaker endorsement, the endorsement contracts were all short-term contracts of one to eight million yuan, and Tellem took 20% at that time; but after Zhang Yang signed a tens-million-level sneaker endorsement, the commission was reduced to 15%.

After Felton got a sneaker endorsement contract with an average of 500 million dollars a year, his agent also lowered the commission rate. Okafor was in a miserable situation. His sneaker endorsement fee was 200 million, and 20% was taken away.

Before Zhang Yang got the 8 million yuan contract this time, Tellem wisely lowered the commission to 10%, which is slightly less than the % endorsement commission Bill Duffy got from Yao Ming.

Even if it is 850 million, it can rank among the top in the single endorsement share of NBA agents, and this is a short 4-year contract. If calculated based on the annual average, his 8% is already a record.

The most crucial thing is that Zhang Yang will face contract renewal in 12, and he will only be 24 years old at that time!
In addition, Zhang Yang will renew his contract with the Bobcats this summer or next summer. The 5% commission of his salary is a fixed amount negotiated by the league, the players' union and the agent association. It is different from the endorsement fee, which belongs to the agent who signs the contract. The salary is distributed to whoever has the agent when the payroll is paid every two weeks, because this money is used to ask the agent to handle the daily chores of the players.

As a qualified vampire, Tellem knows that he has to suck the big blood bag hard, but he also knows how to take it slow.

Tellem thought a lot, and so did Zhang Yang's parents. As for Zhang Yang, after the renewal of his sneaker endorsement contract was completed, he no longer cared about the matter.

He was more interested in the design of the "Zhang Yang Second Generation Olympic Style" mentioned by AJ, and he was communicating with the chief designer in charge at the celebration banquet. When he heard Zhang Yang said that he wanted to install a marquee around the air cushion, so that the lights on his feet would flash when he jumped up and dunked, the designer wanted to flip the table and leave on the spot...

Seeing the designer's reaction, Zhang Yang felt very sorry. These people didn't understand the appeal of the marquee to men. He should talk to Shi Fo about this in the future.

As his design concept was not recognized, Zhang Yang went home early to sleep. The next morning, he boarded a chartered flight arranged by AJ to New Orleans.

After arriving at the hotel in New Orleans, he took a break at noon and started his business activities in the afternoon. In the two days before the All-Star Weekend, he was busy with sneaker endorsements.

The release and promotion of Zhang Yang's second generation, the preview of the special edition, the fan meeting, visiting the rebuilt schools to comfort the students... and so on.

Due to the security issues in New Orleans, Zhang Yang's work experience this time was very special. In the past, the organizers would hire bodyguards for every commercial event, but this time there were a lot of bodyguards. Every time he went to an event venue, he could enjoy the wonderful feeling of being surrounded by forty or fifty bodyguards...

...

It was February 2th, around 17 o'clock in the morning, and Zhang Yang and his parents came to a manor in the Garden District of New Orleans.

Looking at the '2' on the left and '3' on the right of the iron gate, Zhang Yang complained: "This gate is really cool. It's worthy of being called Boss Qiao. I'm afraid he didn't make this gate himself, right?"

Zhang Chen: "He beat him himself? Any explanation?"

Zhang Chen didn't understand this, but Yang Jing, who frequented domestic and foreign forums, understood it immediately and said with a smile, "Domestic fans call a missed shot "iron shot". Jordan is the best scorer in NBA history, and he is also one of the players with the most missed shots."

Zhang Yang: "He just missed 12345. I suspect he did it on purpose and stopped after reaching the number."

Zhang Chen: "..."

Father Zhang: Should I go online more often? I feel like there is a generation gap between me and this mother and son.

Little Wukong: Remember, missing a shot is called hitting the target.

Today is Jordan's 45th birthday. The team has two All-Star starters, and he will hold this birthday party in New Orleans to celebrate together.

Naturally, Zhang Yang and his parents were invited.

After Zhang Yang finished two platform activities in the morning, he drove here with his parents.

His sneaker endorsement work ended yesterday afternoon. He still has work today and tomorrow, but it just involves showing up and saying hello to the fans.

He has dozens of endorsements, big and small, but there are less than 10 of them that are working during the All-Star Weekend, and that comes at a different price.

Of course, those brands can also use him for promotion during the All-Star Weekend.

After chatting for a while, Zhang Chen stepped on the accelerator and drove into the manor. When he arrived outside the garden, he handed the car keys to the parking attendant and gave him a tip. Then, the family of four went to the banquet hall under the guidance of the Filipino maid.

Jordan, who was chatting and laughing with the guests, saw Zhang Yang and his family coming and greeted them warmly, accepting gifts and hugging them to express his gratitude.

Jordan patted Zhang Yang on the shoulder and teased, "1 million. You are really ruthless. You took so much money from my brand."

Zhang Yang: "You saw me get 1 million, you must be happier than me, right? You didn't have to pay for this money, but you got a share of the money from the sneakers I helped sell. You got more than this last year."

Jordan: "You're right, hahahaha..."

(End of this chapter)