Category: NBA

Andrew Bogut Signs On As Bausele Ambassador

Image: Bausele
Image: Bausele

Golden State Warriors Centre Andrew Bogut has signed on as an ambassador for Australian watchmaker Bausele. The terms of the deal have not been disclosed.

Bogut is currently in the last year of a 5 year, $60 million contract. He recently re-signed with the Warriors for a further 3 seasons, taking his contract to the end of the 2016/17 season. Andrew’s off-field portfolio also includes partnerships with Nike, Qantas and BodyScience. He also has the Andrew Bogut Basketball Centre.

 

This is not Bausele’s first foray into sport, as they currently sponsor athletes in the fields       of sailing and cycling respectively.

*Andrew Bogut is managed by Bruce Kaider at One Management*

Elite Sports Properties Sign Representation Partnership For Dante Exum

espNBA Draft hopeful Dante Exum’s US agency, Landmark Sports, has signed a representation partnership with Elite Sports Properties (ESP). ESP will oversee Dante’s commercial rights in Australia. ESP are one of the largest sports management companies in Australia, representing athletes in sports including AFL, cricket and basketball.

The 18 year-old guard is predicted to go at number 5 in the upcoming June draft, which could net him a guaranteed contract worth around $6 million, with that figure potentially increasing to $19 million over 5 years. Exum signed with Rob Pelinka back in January, and joined Kobe Bryant and James Harden in being represented by the Landmark Sports agent.

Speaking on behalf of ESP, associate director of talent Tony Box said the company will look to find marketing and ambassadorial partnerships in Australia for Dante.

This partnership is similar to that of NBA players Andrew Bogut and Patty Mills, who both have Australian representation through One Management and The Lighthaus respectively.

 

(H/T Australian Sponsorship News)

Dante Exum Declares For The NBA Draft, Signs With Agent

Rising basketball star dante exum18 year old Australian basketball star Dante Exum has decided to forego the college system and declare for the 2014 draft. According to DraftExpress’ mock draft, Dante is projected to go at pick 5, being the first guard taken.

After taking several meetings with agents in Melbourne this month, Dante has decided to sign with Rob Pelinka and Landmark Sports. According to HoopsHype, Landmark Sports currently has 16 players with contracts worth over $130 million this season alone in the NBA. Dante joins quite the esteemed company, with Rob also representing stars such as Kobe Bryant, James Harden and Eric Gordon. Overall, Landmark Sports has over $366 million in contracts negotiated till the end of the 2017 season.

If Exum is selected as the 5th overall pick, he will make a garaunteed $6.1 million over the first 2 years, with a potential maximum of $19.1 million if all team options are exercised.

(H/T ESPN)

Breaking Down Kobe Bryant’s Next Contract

sign1Arguably one of the greatest players of all time, Kobe Bryant is entering the last year of his contract with the Los Angeles Lakers. He is currently the highest paid player in the NBA, due to make $30,453,000 this season, which is nearly $8 million more than the next highest paid player, Dirk Nowitzki.

Kobe is currently recovering from an injury which will prevent him playing the full 2013-2014 season. No-one is underestimating Bryant’s ability to return to his dominant self, but at the same time he is 35 and heading to the twilight of his career.

There has only ever been one other player who has made over $30 million in a season – Michael Jordan. With the new Collective Bargaining Agreement (CBA), it seems this is where it will end. Kobe’s pay has escalated thanks to previous CBAs. He can receive a 5% pay rise on his salary this year, which would put his pay at around $32 million. I think both Kobe and the Lakers know this is unfeasible.

So what will Kobe’s next contract look like?

Kobe is focused on winning. He wants another championship. However, he also wants to get paid his worth. Even if he was to hit free agency there would be no club willing to part with $32 million a year for Kobe, let alone over 3 or 4 years. The Los Angeles team isn’t at the championship level it was a few years ago, and this may persuade Kobe to seek opportunities elsewhere. The Lakers do have approximately $50 million in cap space next season, so if there was a way to fit Kobe in and sign quality players, the team could be in contention for finals.

As suggested by Sportingnews, Kobe could take a pay of approximately $20 million per season, which would leave room for a max deal player and another player on roughly $10 million. This would add quality to the Lakers side and maintain the legacy of Kobe as a one team player.

If Kobe was to leave the Lakers his personal brand could be tarnished. He already has a significant contract with Nike, which includes his own shoe, a best seller worldwide. By switching teams, many fans may choose to opt for another brand. Not to mention jersey sales. When Jordan signed for Washington, how many people bought his new gear?

In closing, I believe a 3 year, $65 million deal will see Kobe stay at the Lakers. This still ranks him as one of the highest paid players in the NBA, putting him in the same pay range as LeBron James.

Breaking Down Andrew Bogut’s Contract Situation

andrew-bogut-golden-state-warriors-nba-nba-426334294Andrew Bogut, arguably one of Australia’s best ever basketball exports, is in the final year of his 5 year/$60 million contract. Having signed the deal with Milwaukee Bucks, he was traded to the Golden State Warriors in 2011. He is due to make $14 million this season.

Bogut has been clouded by injury problems since hurting his elbow on a dunk in 2010, when he was averaging a double-double per game. He later had surgery on his ankle, which led him to miss even more game time.

NBA contracts are guaranteed, so regardless of his injuries the team he was playing for had to honor his contract.

Looking to the future, what contract can Andrew expect at the end of next season?

Firstly, the length of the contract is out of two options: He can re-sign with the Warriors for a maximum of three years, or test the free agent market and sign with another team for four years.

Bogut has indicated he would like to stay with Golden State, and understands that his value has probably dipped in recent times due to his injury. A deal with game incentives would be something he would entertain. However, with the Warriors making a play for another centre in the off-season in Dwight Howard, and California’s high tax rates, he wants the team to show that he is wanted by them.

Negotiations have already begun, and while Golden State’s first offer wasn’t what his team were looking for, it wasn’t exactly insulting. So what would get the deal done? I believe a deal in the region of $12 million per year for three years is a fair deal, with escalators taking the deal to approximately $13-14 million, based on the number of games played. Reports from Australian news outlets stating he will receive $19 million a year seems grossly overestimated, with reports coming out of the Bay Area stating a figure of approximately $13 million.

Andrew would prefer things to get done sooner rather than later, and should an offer not come in that is satisfactory, it is likely he will become a free agent. If he were to reach the level of play he demonstrated prior to his 2010 injury, then he may well see his value push past his current contract compensation.

Andrew Bogut is managed by David Bauman of Lagardere and Bruce Kaider of One Mangement, in which he also has an ownership stake.

Rajon Rondo Confirms Split From Nike, Signs With Anta

act_rajon_rondoNBA player Rajon Rondo has officially ended his shoe deal with Nike, joining Chinese footwear brand Anta. There was rumor of this move for some time, with the Boston Celtic’s guard confirming it at an event on Tuesday night.

Formed in 1994, the apparel company Anta has increased its association with the NBA over the last few years. In 2007 it formed a partnership with the Houston Rockets, with their owner being an investor in the company.

Rondo is not the first NBA to be endorsed by Anta. Kevin Garnett made the move from Adidas in 2010, and released has just released his own shoe, dubbed ‘KG4’. The company is looking to add more NBA players to their roster, with a graphic on their website suggesting this will happen sooner than later. Labeled ‘Team Priceless’,  the graphic suggests that they will have 5 players representing their brand. At this stage only Garnett and Rondo are confirmed, though Bleacher Report are suggesting that Luis Scola may also be part of the team.

The deal is for 8 years, which would put Rondo at 35 when the current deal expires. While financial terms have not been disclosed, it would be right to assume that it would be higher than the fee Nike was paying him.

The NBA continues to grow in Asia, with the league holding a match between the Golden State Warriors and the LA Lakers in China earlier this year. They are also holding pre-season games in the region during October.