king of defenders

Chapter 399 Endorsement Contract
Miami.

This is a simple apartment with three bedrooms and one living room. It is not very luxurious, but it is relatively close to the American Airlines Center Arena, so Meng Yun rented it out as his home in Miami.

For the time being, Meng Yun has no plans to buy a house. First, he doesn’t need a big house by himself. Second, houses in Miami are not cheap. Before signing the endorsement contract, Meng Yun temporarily had no money to buy a house.

However, the summer league is over, and Meng Yun has also started to sign an endorsement contract.

"Meng, your performance in this summer league is really great." Bill Duffy and Meng Yun sat in the living room, and Meng Yun made him a cup of tea.

In fact, you can’t buy any good tea here, only instant tea bags, which taste very ordinary, but Meng Yun is used to drinking tea and doesn’t like coffee very much.

Bill Duffy knew Meng Yun's habits, and he didn't dislike drinking tea. He also drank the instant tea bags with relish. While drinking tea, he said with a smile: "Won the MVP of the Orlando Summer League and the MVP of the Las Vegas Summer League, Averaging 20+ points per game, plus at least 5 rebounds and 7 assists. Seriously, I didn't expect you to play so well, even though I know you are very good, I thought you would need a period of adaptation. "

As he said that, Bill Duffy shrugged his shoulders: "But obviously you don't need it, and your performance is not like a rookie at all."

"Thank you." Meng Yun said with a smile: "Mr. Duffy, the summer league is over, let's talk about other things, such as the endorsement of sneakers."

"Of course." Bill Duffy nodded. In fact, he came here today for this.

Bill Duffy took out two contracts from his briefcase and handed them to Meng Yun, which were the intentional contracts given by Under Armor and Nike.

It's not a formal contract, but that's about it.

"Meng, take a look first." Bill Duffy said.

"Hmm." Meng Yun responded and began to look.

At this point, it has been a few days since the end of the summer league.

Meng Yun has not been idle for the past few days. He has met with the managers of Nike and Under Armour, and chatted about the endorsement.

Originally, Bill Duffy thought that Meng Yun would only meet people from Under Armour, but unexpectedly, the first person Meng Yun met was not from Under Armour, but Nike.

But from the results point of view is very good.

"Meng, you are so cunning." Bill Duffy laughed and said, "The person you met with Nike did it on purpose for Under Armour, right? It was to let Under Armor know that you don't have only one choice. In this way They will get nervous, and we will be able to take the initiative when negotiating, right?"

"Yes." Meng Yun nodded.

But in fact, this is only one of the reasons. The other reason is that Meng Yun hopes that Nike will make an offer first. With Nike's offer, he can negotiate with Under Armour.

With Meng Yun's performance in the summer league, he is not worried that Nike will be reluctant to pay.

In fact, this can be proved by the intentional contract between Under Armor and Nike placed in front of Meng Yun. Meng Yun took a brief look, and Nike offered a three-year contract with a total value of 3 million US dollars. Compared with the 1100 million US dollars they gave for 3 years, it has increased by a full 600 million.

It’s just that only part of Nike’s contract is guaranteed, and the rest is not guaranteed. It is similar to a “bonus”. That is to say, Meng Yun must meet certain conditions to get it, such as attendance, field performance, etc. Wait
Under Armour, on the other hand, offered a four-year $4 million contract with an average annual salary of $1600 million. Like Nike, this is also a "partially guaranteed" contract, but Under Armor must be sincere. Many, because they only limited Meng Yun's "attendance games" and did not require performance on the field.

In other words, as long as Meng Yun remains healthy and can guarantee a certain amount of attendance for four consecutive seasons, he will be able to get the full 1600 million salary.

Under Armor gave a 4-year long-term contract. For a rookie player, it is not easy to get a long-term contract, because they have not yet fully grown up, and there are many variables.

A long-term contract is a kind of guarantee.

"How?" Bill Duffy asked after Meng Yun put down the contract.

"It's not bad." Meng Yun said: "Under Armor is very sincere, 4 million in 1600 years, which is a little higher than the 3 million US dollars in 1000 years they gave last time."

Bill Duffy laughed, it was more than a little increase, it was a direct increase of 600 million US dollars.Although the number of years has changed from 3 years to 4 years, you can ask, who is not willing to sign a longer contract?

It is also risky for Under Armor to sign you for one more year.

Bill Duffy is very satisfied with Under Armor's offer. To be honest, this has greatly exceeded his expectations.

Before the summer league, Under Armor made an offer of 3 million US dollars for 1000 years. At that time, Bill Duffy was very excited. This is a ten million contract. There are several rookie players who can get ten million endorsement contracts. ?

Of course, Meng Yun's performance in the summer league was very good. It can be said that he is the best among rookies. He even beat the No. 600 pick Karl-Anthony Towns, but Under Armour's offer has also increased by [-] million. OK.

"Meng." Bill Duffy said, "Then it's settled? Sign with Under Armour."

"Isn't this already settled?" Meng Yun said with a smile, "But there is one thing, I hope the contract period can be revised to 3 years, with a total value of 1200 million US dollars."

Bill Duffy frowned and said: "Meng, isn't it good to sign for 4 years? Under Armour's contract is not too demanding. As long as you stay healthy, you can get 1600 million in four years. Even if you meet Injuries, you can also get at least 1000 million US dollars. You must know that signing a 4-year contract is far more secure than a 3-year contract. As your agent, I suggest you sign for 4 years, and the contract amount can be increased. Talk to Under Armour, maybe you can raise another 200 million."

Meng Yun smiled: "It's not a question of the contract amount, but a question of the number of years. I hope it will be signed for 3 years, and Under Armor can have the priority to renew the contract."

From the perspective of Bill Duffy as an agent, it is better for Meng Yun and Under Armor to sign for four years. The contract amount is larger and more secure, which is more in Meng Yun's interest.

But in Meng Yun's view, it is not. With the energy of "solar storm", Meng Yun is not worried about getting injured. Full attendance must be required for 4 consecutive years, but it is only stipulated that at least 60 games must be played in each season.

Since this is the case, then sign for three years first and renew the contract after three years. At that time, you can definitely ask for a bigger contract, such as an annual salary of 400 million, which is more than [-] million.

Three years, Meng Yun reckons, is enough for him to grow up and fully adapt to the NBA.

But if you sign a 4-year contract, the last year will be a bit uneconomical.

(End of this chapter)