Yeah, my portfolio agrees w/ this. Lol. This is another reason y I’ve been harping on the fact many schools take less up front $$ from Nike, but it’s **** near a guarantee the back end $$ when presented w/ royalty deals will suffice.
But here’s a fun fact, & my goodness I wish I was apart of this meeting; Nike’s biggest financial blunder happened on accident by an inadequate rep. It’s the blunder of Steph Curry. It’s estimated that Nike lost $14b in revenue by botching a simple presentation. Lol. If the Nike rep would’ve gotten Steph’s name correct, & not accidentally showed him & the family a graphic of KD, Steph would be a Nike signature athlete today.
I’ve heard from numerous folks that’s one of Nike’s biggest f ups & dude was fired immediately.