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NIKE, Inc. Message Board

  • whatdtcom2000 whatdtcom2000 May 22, 2003 5:18 AM Flag

    Nike and LaBron at 90M

    I don't own the stock.

    I just wanted to know the sentiment of this board as to Nike's recent signing of a HS kid--LaBron James (albeit he's very marketable), to a 7 year deal 90M???

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    • That's probably explains why NKE and Reeboks stock has been so weak in past few days. It sounds awful foolish to me but NKE has made this strategy work for years - signing phenoms before they hit it big. If Reebok signs Lebron they'll screw it up - might as well flush the money down the toilet.

      I don't buy shoes endorsed by athletes - too expensive. I prefer New Balance which is quality shoe at a reasonable price.

    • I don't own the stock either, but the announcement of that deal floored me.

      The kid has never played one minute of pro ball and Nike throws that kind of money at him?

      I've seen him play -- he lives about an hour away from me and he IS phenomenal -- against other HS kids.

      But what if he's only an "average" pro player? Or gets hurt before he ever plays a game?

      Deals like that one are the reasons why a stupid pair of sneakers cost you a day's pay and why businesses can't turn a profit due to out-of-control spending.

      Sorry, I hope all you stockholders make money on your investment, but that deal is RIDICULOUS, IMHO.

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