Nike, Under Armour, Adidas not interested in deal with Lonzo Ball
An endorsement deal with Nike, Under Armour or Adidas is not in the cards for Lonzo Ball.
Ball's father LaVar confirmed that the three shoe and apparel companies informed him that they were not interested in doing a deal with his son. Sources with the three companies told ESPN.com that they indeed were moving on.
Never in the history of modern day shoe endorsements have the big companies all stepped away from a potential top pick nearly two months before the NBA draft. But the proposition that LaVar, who has been representing Lonzo on the deal, was offering also has no precedence.
In his meetings with the three, LaVar insisted that the company license his upstart Big Baller Brand from him. He also showed the companies a shoe prototype that he hoped would be Lonzo's first shoe.
"We've said from the beginning, we aren't looking for an endorsement deal," LaVar told ESPN. "We're looking for co-branding, a true partner. But they're not ready for that because they're not used to that model. But hey, the taxi industry wasn't ready for Uber, either."
Last week, Nike consultant George Raveling, at SportsBusinessJournal's World Congress of Sports called LaVar "the worst thing to happen to basketball in the last hundred years."
The way LaVar sees it, Raveling's comment is indicative of what business people who have long been in business say when the way of doing things is changed.
"Just imagine how rich Tiger (Woods), Kobe (Bryant), Serena (Williams), (Michael) Jordan and LeBron (James) would have been if they dared to do their own thing," LaVar said. "No one owned their own brand before they turned pro. We do and I have three sons so it's that much more valuable."
Lonzo declared for the draft after one season at UCLA. LaVar's other sons have also committed to UCLA, including LiAngelo, who arrives on campus this year and LaMelo, who just finished his sophomore season in high school.
Ball would not disclose how big the Big Baller Brand has become -- the company sells hats and t-shirts ranging from $38 to $100 on its website -- but he said that current sales numbers shouldn't have been on the mind of the shoe companies.
"When Facebook bought Whatsapp for $19 billion, those guys weren't profitable," LaVar said.
http://www.espn.com/mens-college-ba...-armour-adidas-not-interested-deal-lonzo-ball
An endorsement deal with Nike, Under Armour or Adidas is not in the cards for Lonzo Ball.
Ball's father LaVar confirmed that the three shoe and apparel companies informed him that they were not interested in doing a deal with his son. Sources with the three companies told ESPN.com that they indeed were moving on.
Never in the history of modern day shoe endorsements have the big companies all stepped away from a potential top pick nearly two months before the NBA draft. But the proposition that LaVar, who has been representing Lonzo on the deal, was offering also has no precedence.
In his meetings with the three, LaVar insisted that the company license his upstart Big Baller Brand from him. He also showed the companies a shoe prototype that he hoped would be Lonzo's first shoe.
"We've said from the beginning, we aren't looking for an endorsement deal," LaVar told ESPN. "We're looking for co-branding, a true partner. But they're not ready for that because they're not used to that model. But hey, the taxi industry wasn't ready for Uber, either."
Last week, Nike consultant George Raveling, at SportsBusinessJournal's World Congress of Sports called LaVar "the worst thing to happen to basketball in the last hundred years."
The way LaVar sees it, Raveling's comment is indicative of what business people who have long been in business say when the way of doing things is changed.
"Just imagine how rich Tiger (Woods), Kobe (Bryant), Serena (Williams), (Michael) Jordan and LeBron (James) would have been if they dared to do their own thing," LaVar said. "No one owned their own brand before they turned pro. We do and I have three sons so it's that much more valuable."
Lonzo declared for the draft after one season at UCLA. LaVar's other sons have also committed to UCLA, including LiAngelo, who arrives on campus this year and LaMelo, who just finished his sophomore season in high school.
Ball would not disclose how big the Big Baller Brand has become -- the company sells hats and t-shirts ranging from $38 to $100 on its website -- but he said that current sales numbers shouldn't have been on the mind of the shoe companies.
"When Facebook bought Whatsapp for $19 billion, those guys weren't profitable," LaVar said.
http://www.espn.com/mens-college-ba...-armour-adidas-not-interested-deal-lonzo-ball
not in this case.
