All articles tagged with #sponsorship deals
Memphis' bid to join the Big 12 with a unique offer of $200 million in sponsorships and no media rights payments has not gained enough support within the league, which is concerned about diluting its value and the risks involved. Despite Memphis's efforts and significant local sponsorship commitments, the league remains uninterested, and the proposal has not advanced.
University of Iowa basketball star Caitlin Clark has been making headlines for her on-court success and lucrative deals with major brands like Nike and Gatorade, as student-athletes continue to profit from their name, image, and likeness (NIL). On3 tracks these partnerships and ranks student-athletes weekly based on their annual NIL Valuation, with the top 10 earners including University of Georgia quarterback Carson Beck and University of Alabama quarterback Jalen Milroe, with valuations starting at $1.5 million.
The Washington Commanders have secured new sponsorship deals with Anheuser-Busch and Verizon, following efforts by team owner Josh Harris to attract investors by highlighting the financial benefits of removing Daniel Snyder. However, the team's potential return to its old name, which has sparked controversy and a petition signed by tens of thousands, could complicate these sponsorships as proponents of the former name argue it is not a slur and Native Americans should not be troubled by it.
NCAA basketball player Angel Reese, who won't be WNBA draft-eligible until next year, says she's in no rush to go pro as the money she's making through 17 name, image and likeness (NIL) sponsorship deals is more than some top WNBA players. Reese's deals net her an estimated $1.3 million per year, and she wants to spend her newly gained fortune on a Mercedes-Benz. While men still out-earn women on the professional court, female basketball players are starting to bridge the pay gap at the college level.
Angel Reese, also known as 'Bayou Barbie,' is a 6'3" college basketball player for LSU who has become a social media sensation and has earned around $384,000 from her numerous sponsorship deals with brands like Coach, Calvin Klein, and Bose, among others. She has also gained more than half a million followers on Instagram and TikTok. Reese has become a viral online star, flaunting her lavish lifestyle and impressive basketball skills. She has become a top player in college basketball, averaging 23.2 points per game and holding the SEC single-season record for double-doubles. Reese plans to continue playing on the college level for as long as possible since she can make more money as a college athlete than in the WNBA.