Braised Eggplant with Minced Pork
Chapter 595 50 Million Top-Up Value (Fourth Update!)
After all, condoms, while involving a somewhat sensitive area, were one of the best-selling products.
Even from a health perspective, they were a necessity.
However, now that he had failed to conceive, Fagan was telling him to endorse them!
"They want you to be the global spokesperson. The endorsement fee has been negotiated to seven million a year. I think it's worth a try, just endorse for one year and see."
Fagan added.
Endorsements had contract periods. Good endorsements could be followed up on, and bad ones could be canceled.
Nike, Coca-Cola, and Burt's Bees were all brands that Tang Tian had endorsed for a year and then renewed.
Dior sunglasses, for example, Tang Tian had only endorsed for one year initially.
Tang Tian was silent for a while.
He was trying to conceive! Taking on a condom endorsement contract, what if Olsen got pregnant at this time? Wouldn't that be awkward?
And if she didn't get pregnant, wouldn't that be even more awkward!
So, taking this endorsement wasn't appropriate no matter the outcome!
"Take it."
Tang Tian gave Fagan his answer.
Although it might be awkward, he was short on Krypton Points right now.
After exchanging for the Divine Turtle Bombardment, he had a little over 2 million left. Adding the 1.9 million from Coca-Cola, the 1.2 million from Burt's Bees, a few domestic endorsement contracts that Fagan had secured, and part of his salary for this season, he had about 10 million Krypton Points in total.
This was only one-fifth of what was needed for a red skill. Although the sales of his signature shoes were very optimistic, there was still a bit of a shortfall.
Getting another big endorsement like this was important at this time.
Once Tang Tian spoke, Fagan turned to communicate with the Durex people.
Durex had long been interested in Tang Tian. China was the region with the highest global sales of condoms, which was why they were willing to spend a lot of money to sign Tang Tian.
At seven million a year, Tang Tian would get about four million after taxes.
That would give him over 14 million Krypton Points.
Although there was still a gap, at least there was something to look forward to.
Shortly after signing the contract with Durex, Nike contacted Tang Tian.
It was time for the God Father signature shoe contract royalties.
The basic and autographed versions of the God Father generation of shoes had been a global hit. Sales in China had even exceeded the best-selling Air Jordan series.
This was the Chinese fans' inherent protectiveness.
If there was a Chinese player endorsing a shoe, most people would spend the money, not to mention that these Nikes were also very affordable.
However, because it was the first generation of shoes and the pricing was low, even though sales were outrageous, the money Tang Tian received was only at the first-tier level.
He received about $12 million in royalties.
This number was second only to Jordan, Durant, James, and Kobe, surpassing Curry, who had risen strongly this season, and Harden, who had just renewed his contract with Adidas.
In terms of shoe revenue alone, he was already an absolute top-tier player.
But this number was far from what Tang Tian had expected.
He suddenly realized that although he had lived two lives, he still didn't know enough about shoe endorsements.
But that wasn't surprising. In his previous life, he was a coach and unlikely to be involved in player shoe endorsement contracts.
This brought his Krypton Points to 22 million, less than half of the 50 million needed.
He had only two choices left: either exchange for a purple skill to calm his nerves, or wait until February next year to save up 50 million and then exchange.
But neither of these options was part of his original plan.
After parting ways with the Nike people, Fagan saw that Tang Tian was in a bad mood and asked him with concern.
Looking at Fagan, Tang Tian suddenly remembered that this guy was a veteran, and he spoke up.
"Do you have any way for me to get forty or fifty million in endorsement fees in a short period?"
"What?"
Fagan didn't react to Tang Tian's words.
The total value of Tang Tian's past contracts was only about this amount, but now he wanted to get that much all at once?
"Is there?"
Tang Tian was just asking to see.
Fagan didn't ask Tang Tian what he suddenly needed so much money for. He pondered for a while, then nodded.
There actually was!
"The only way is to talk to the Nike people about an early renewal."
Fagan said.
"Early renewal?"
"Yes, early renewal, and then advance the endorsement fee."
After hearing what Fagan said, Tang Tian roughly understood what he meant.
Among so many endorsement companies, the only one that could give him so much endorsement money at once was Nike.
He signed a four-year, $40 million endorsement contract with Nike in the summer of 2013, and it was only in its second year, with two years remaining.
Talking about a renewal at this time, like an NBA contract, was an early renewal.
The difference from the NBA, however, was that there was no limit on the number of years or the timing of the renewal.
So Fagan's plan was feasible.
But how many years could be renewed in advance, and how much salary could be advanced, would have to be discussed by both parties.
At this time, the Nike people also came out, and when they saw Tang Tian and Fagan, they greeted them with smiles.
Tang Tian stopped them.
"I want to talk to Nike about an early renewal."
Tang Tian said bluntly.
Hearing what Tang Tian said, the Nike people smiled immediately.
This was great news for Nike.
The success of the God Father generation had made Nike a lot of money.
But they were also worried about Tang Tian's next contract.
With such shoe market performance, an endorsement contract of ten million a year was absolutely cheap, even a steal.
There were still two years left on the contract, but after those two years, considering Tang Tian's growing influence, the contract they would have to give would be very large.
They even had to consider whether Tang Tian would continue to choose Nike at that time.
Superstar players who switched endorsement companies weren't unheard of, the most typical being Curry.
When their contract expired in 2013, the two sides parted ways due to the amount of the endorsement, and Curry switched to Under Armour.
With Curry and the Warriors' strong rise this season, UA could foresee making a fortune.
Nike probably wanted to bang their heads against the wall right now.
So with Tang Tian already demonstrating superstar strength and excellent shoe market sales, they couldn't wait to renew early.
After all, the price discussed at this time would definitely be cheaper than discussing it after the contract expired in two years, and it also avoided the risk of Tang Tian switching to other manufacturers.
The two sides reached an agreement on the issue of early renewal, but this was definitely not something that could be settled with one negotiation.
Like the previous shoe royalty negotiations, this would be an ongoing process.
While Fagan was talking with the Nike people, Tang Tian continued to help the Pelicans improve their record.
The Pelicans were doing well now, but with Curry and James ahead of him, he still had to work harder if he wanted to win the MVP.
The good news was that Davis was back in form, and it was obviously easier for the Pelicans to win games than before.