LeBron James turned down $10 million from Reebok when he was 18 years old: ‘I might have cried on my way home' [CNBC]
ADIDAS AG S/ADR (ADDYY)
NASDAQ:AMEX Investor Relations:
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Source: CNBC
In an appearance on Travis and Jason Kelce's “ New Heights ” podcast this week, the NBA's all-time leading scorer explained he was almost wooed by an eye-popping sum offered by one of Nike's rivals. During his senior year of high school, before forgoing college and going straight to the NBA where he would be drafted by his hometown Cleveland Cavaliers, James was choosing between Nike, Reebok and Adidas for his shoe deal. Reebok flew James and his mother out to a meeting with their CEO where they drove a hard bargain with the teenager. “The guy slides over a check to me and he says ‘If you don't go talk to any other companies, this is yours,'” James said. “And I look at it. $10 million f---ing dollars . I was a high school senior!” James didn't know what to do. He had “never seen that many zeroes in [my] life,” but he also didn't want to skip his meetings with Nike and Adidas. He asked the executives for a moment to think and they left him alone with his mom. “Me and my mom
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