Shopping Basket 0
Human Kinetics Publishers, Inc.

HUMAN KINETICS

HK News

News and Excerpts

LeBron’s Big Payday


June 20, 2014
By Rick Horrow and Karla Swatek

 

Miami Heat star LeBron James made a profit of more than $30 million in cash and stock as part of Apple’s recent $3 billion purchase of Beats Electronics. James received a small stake in the company at its inception in 2008 in exchange for promoting the high-end headphones. LeBron’s big payday from the Beats acquisition gives him a good reason to take less money should he opt for free agency. The deal is believed to be the biggest equity cash payout for a professional athlete in history, giving James $11 million more than his annual salary with the Heat.

Equity deals can be a wise investment for athletes, but they don’t always pay off. Look no further than Tiger Woods, who this past week replaced Fuse Science with MusclePharma on his golf bag. Woods had endorsed Fuse since 2011, but the equity-heavy deal flopped, as the stock is now trading around $0.01.




Subscribe to feed Subscribe to feed
Share Facebook Reddit LinkedIn Twitter

Tools


Print Save to favorites

Get the latest news, special offers, and updates on authors and products. SIGN UP NOW!

Human Kinetics Rewards

About Our Products

Book Excerpts

Catalogs

News and Articles

About Us

Career Opportunities

Events

Business to Business

Author Center

HK Today Newsletter

Services

Exam/Desk Copies

Language rights translation

Association Management

Associate Program

Rights and Permissions

Partnerships

Partners

Programs

Certifying Organizations

Continuing Education Policies

Connect with Us

YouTube Tumblr Pinterest

Terms & Conditions

/

Privacy Policy

/

Safe Harbor