[chatbot] Endorsements Put James at Number 2 on List of Athlete’s Earnings

Endorsements Put James at Number 2 on List of Athlete’s Earnings

By: Barry Chase
: 3 Minutes to Read

Our NYC and Miami Entertainment Law Firm advises and represents clients in all legal matters related to music, sports, television/film, visual and literary works, modeling, online matters, and intellectual property.

Endorsements Put James at Number 2 on List of Athlete’s Earnings

It’s hard to disassociate Miami sports and LeBron James. Since coming to Florida, the basketball player has certainly made an impact with his team. As such, it may not be surprising to hear that James made it to number two on the list of the highest-earning athletes in the nation. The primary source of that income, however, may catch some readers off guard.

According Sports Illustrated, James earns $17.55 million from the Heat each year, but makes a total of $56.55 million annually. Where does the difference come from? Some may argue that James is the best basketball player in the game, but there is no doubting that he makes more in endorsements than any other professional athlete

In doing the math, James earns $39 million alone in athlete endorsements, which is over twice as much as his basketball salary. Currently, James endorses Nike, Samsung and McDonald’s, all of which are among the world’s most iconic companies.

The Sports Illustrated report also indicates that boxer Floyd Mayweather Jr. has the highest earnings among any athlete. Despite not being at the top of this year’s list, James still earns more from endorsements than any other athlete.

This case shows that negotiating endorsement deals for athletes may be just as beneficial as negotiating a contract with a team. Of course, an athlete must first build a personal brand before being able to accumulate major endorsements. Trustworthy representation like an athletic attorney can go a long way in helping athletes to make an impression and expand their portfolio beyond the court.

Source: NBC South Florida, “LeBron 2nd-Highest Earning US Athlete: Sports Illustrated,” David Hill, May 15, 2013

Barry Chase

Barry Chase, Esq., Senior Partner at ChaseLawyers®, is a distinguished figure in the realm of sports and entertainment law, offering Harvard-level representation that is both cost-sensitive and exceptional. An honors graduate of Yale College (Phi Beta Kappa) and Harvard Law School, Chase's illustrious career commenced at a prominent Washington, D.C. law firm, now known as Wilmer Hale. Here, he honed his expertise in Communications and First Amendment law, representing media titans such as CBS, the Times-Mirror Company, and Time, Inc. in pivotal Federal Communications Commission (FCC) matters.

Comments are closed.

The entertainment industry can be a complicated field to navigate. As a trusted leader in Miami entertainment law, ChaseLawyers can help. With over 40 years of experience, Our Miami based lawyers have helped individuals in nearly every area of entertainment law in Miami, including sports, music, film, television, modeling, literature, and more. We understand the unique challenges you face as a creative, and we’re prepared to protect your interests.

As an artist in Miami, you must navigate the intricacies of copyright law, trademarks, contractual agreements, and much more. It is critical you choose a qualified Miami entertainment lawyer with expertise in the nuances of the entertainment world. ChaseLawyers has built a stellar reputation among our clientele for honest, professional representation that produces effective results. We have extensive experience in the unique legal elements you must navigate as an artist, and our attorneys can provide you with indispensable career advice and expertise over the course of your entertainment career.

When you work with ChaseLawyers, you are more than just a client. We care about your well-being and can provide essential advice on the issues you face in the Miami market, such as intellectual property issues, negotiating service agreements, publicity rights, and much more. We also have an extensive network of resources available for our clients to connect with, and those connections can enrich your career in countless ways. Our team understands the complex world of entertainment law and will take care of your legal needs so you can focus on doing what you do best—sharing your talent with the world!

When you’re ready to take the next step in your career, our Miami entertainment lawyers are ready to help you. We are passionate about helping creatives with all of their legal needs, and you won’t find a team more dedicated to your success in all of Miami. Contact us today to schedule your free consultation!