Chapter 49: With endorsement contracts worth over million yuan, has Wang Yan become a playboy?
Jeffrey Wexler has been pretty busy lately.

He is a player agent with a relatively high reputation in the NBA.

Just this summer, he not only received Irving's agent project.

At the same time, he also became Wang Yan's agent!

Arguably, the two best players in the 2011 draft became his employers.

Recently, he encountered a situation that is extremely rare in the NBA in decades.

Nike, Adidas, Pepsi, Coca-Cola, McDonald's, KFC...

These well-known large companies, which are almost mortal enemies in the commercial market, have expressed their intention to endorse Wang Yan and Owen at the same time.

The key is that almost all companies want to launch a double star shining plan of Wang Yan and Irving.

It is indeed a world-class company.

When looking for a spokesperson, you have to play threesome!

"Wang, I should take you to sign the contract tomorrow. Nike has made you an offer that you can't refuse. 5 million US dollars for 6000 years. This is much higher than your salary."

When Wang Yan heard the price, he was a little surprised.

Because Wexler contacted him a few days ago and said that Adidas' highest offer was an average of 800 million per year, but he could sign a contract for 6, 7 or 8 years at a time.

Although the term Nike offers is a little shorter, it still averages out to 1 million US dollars a year.

It was because Nike offered this high price that other sports brand companies simply gave up the bidding.

no way.

It means he has a big body and is good at what he does. No, it means he is rich and powerful.

"Are the promises the same as before?" Wang Yan asked.

"The honorary rewards remain unchanged, and the sales share of signature sneakers has been increased to 3%, the same as Adidas."

Previously, Wang Yan had not been in a hurry to agree to Nike, mainly because the dividend point of the sneaker stratification was slightly lower than that of Adidas.

Now not only is the price higher, but it is also on par with Adidas.

"Okay, I'll sign the contract tomorrow."

Wang Yan finally agreed: "Also, what is their offer to KAI?"

"Five years, 5 million US dollars. Kai agreed quickly and will sign the contract tomorrow."

Wang Yan nodded.

He still remembered that Irving's endorsement contract with Nike in his rookie season last life was 4 years and 3 million US dollars, which is equivalent to one year longer than the original historical line.

"What about other brands, Coca-Cola, Pepsi, McDonald's, and KFC? What progress have they made?"

Wang Yan continued to ask.

"The competition between Coca-Cola and Pepsi is quite fierce, mainly because Pepsi has been raising its prices. They are both very optimistic about you and KAI."

"As for McDonald's and KFC, the former is determined to win you over, and the average endorsement fee has risen to 900 million US dollars, which gives them a slight advantage."

“However, these two companies have almost given up on KAI. I think the losing party will turn around and cooperate with KAI.”

Nike is very ambitious. They believe that as long as Wang Yuan and Irving do not break up.

The future of the NBA belongs to Wang Yan and Irving.

Therefore, it is necessary to achieve the Wang Yan + Irving Double Star Shining Plan.

As for the two major carbonated beverage companies, Coca-Cola and Pepsi, they both like to cooperate with big-name singers and big-name athletes, so the competition between the two is quite fierce.

As for fast food chains like McDonald's, their reliance on big-name athletes is not that high.

But Wang Yan is not in a hurry.

Let the fire burn first, and then take action when the time is right.

The next day, Wang Yan, Irving and Wexler had a successful meeting with people from Nike in a high-end restaurant in Cleveland.

This is not a negotiation, it's just a contract signing.

Because the two parties had already reached a verbal agreement before meeting.

"I'm overwhelmed right now."

The Nike delegation reached out to Wang Yan and Irving: "I have seen at least $10 billion in bills coming toward us."

Wang Yan and Owen were also very happy, and the contract signing process was quite smooth.

The moment they signed their names on the contract, Wang Yan and Owen smiled at each other.

The two on the court are Cleveland's duo.

In the business world, the two are also part of Nike's joint Two Star program!

As a professional basketball player, there is no one who doesn't want to get his own sneaker endorsement.

It's not just a matter of money. Everyone wants to have a series of sneakers with their signature.

This is more of an honor and pride.

Also, Wang Yan has now officially become a billionaire.

The contract signed with the NBA team is also worth more than 2 million US dollars.

Converted into RMB, it is over 100 million.

However, not only is this money subject to tax, but wages are not paid in one lump sum but must be paid monthly.

So Wang Yan doesn’t have that much money now.

But it's different from the endorsement with Nike. People come with a check, and as long as they sign the contract, Nike will pay the endorsement fee for this year in one lump sum.

Wang Yan was originally expecting that after signing the contract, he would have to treat Party A to a fruit plate or something as per the procedure.

However, Irving is not very interested in this aspect and is even a little reluctant.

After all, he is a great thinker and has long since gotten rid of such vulgar interests.

In addition, the people at Nike may think that he is still a rookie, so they are not prepared to take him into the fire pit.

Wang Yan didn't mention it.

But in his hand was a stack of checks worth a total of 1 million US dollars, enough to live a life of luxury in any city in the world.

Wang Yan was quite excited.

When Wang Yan arrived at the Speed ​​Loan Center, he was thinking about how to spend so much money.
At this time, the TV hanging on the wall was already playing the news that he and Irving had signed a contract with Nike.

"Wang Yan and Kyrie Irving each signed a high-paying sports brand endorsement contract."

"Wang Yan even created the highest average annual sports brand endorsement fee for NBA players..."

“Young billionaires, will they fall into a money black hole and be unable to extricate themselves?”

NBA players' spending power after signing big contracts is indeed worrying.

Because there are many NBA players who spend lavishly after making a lot of money, and even develop bad habits.

There are countless examples of people who earned hundreds of millions of dollars and ended up squandering it all and becoming penniless.

There are even some people who have earned more money than they can spend in their lifetime, but almost end up taking drugs and becoming prostitutes.

So now there are many voices on the Internet that are just for the sake of criticizing.

Something like "Wang Yan is about to fall into a whirlpool of money."

"Wang Yan is about to be emptied out by money and beauty."

"Wang Yan Owen is about to become a playboy."

All kinds of sounds like this.

When Wang Yancai saw these remarks, he was speechless.

I haven't spent a penny of the money I made.

Even the car he drives was given to him by his teammates.

So I became a fucking playboy?

Obviously, neither Wang Yan nor Owen are that kind of people.

Both of them pay great attention to financial management.

However, both of them tacitly agreed that it was time to buy a suite in Cleveland.

But before getting the suite.

Wang Yan and Irving first faced the challenge of the New Orleans Hornets at home.

Against the last-placed team in the Western Conference, the Cavaliers easily defeated their opponent 125 to 89, continuing their winning streak!
Wang Yan also used his stats of 36 points, 22 rebounds and 6 blocks to prove that he had not fallen into the whirlpool of decadence and debauchery.

The next day, the entire Cleveland team flew to Memphis.

They will also be playing against a very hyped opponent.

Memphis Grizzlies!
A few hours before the game started, Wang Yan came to the FedEx Center to warm up and picked up a newspaper.

After seeing a few pieces of news, Wang Yan exclaimed, "Wow!"

"After receiving the huge endorsement contract, Wang Yan fell into squandering money and immediately bought several luxury cars."

"It's hard to achieve great things. The prodigal Wang Yan will eventually fall before money and beauty!"

"You have the nerve to brag after defeating the Hornets, who are ranked last in the league. The black and white bears of Memphis will expose Wang Yan's true colors."

"..."

Wang Yan's mouth twitched as he watched.

I don’t know which media started this rumor.

How the hell did I become a prodigal son?

The key is that these media outlets actually have evidence.

There is a picture accompanying the news, showing the new car Wang Yan is driving, a Mercedes-Benz G-Class.

Wang Yan didn't know whether to laugh or cry.

It's just a picture at the beginning, and the news is all made up.

It’s just a Mercedes-Benz G-Class, which was given to me by someone else.

As a result, the unscrupulous media reported that he had purchased several luxury cars.

He also said that the last game's victory over the Hornets, who were ranked last in the league, was unconvincing and that the Grizzlies would teach Wang Yan a lesson.

Wang Yan snapped his fingers and twisted his neck.

It makes a crackling sound that makes your teeth ache.

The atmosphere has become so tense.

Wang Yan is also ready to let the world see what a prodigal son is!

(End of this chapter)