Posted by Mark J. Miller on May 9, 2012 10:26 AM
Some of the shine has started to come off of Michael Jordan’s once-seemingly eternal luster. Being the owner of the NBA’s worst team, by far, as well as being very anti-player during the last strike has left some not loving Jordan these days.
While Jordan isn’t named in the lawsuit, one of the products with the name of His Airness place don it by the folks at Nike has raised the ire of an energy-drink company. Urban Motive Sportswear is going after Nike for using the phrase “lottery pick” in its “Jordan LS Lottery Pick Jacket,” according to The Urban Daily.
UMS has been selling an energy drink called Lottery Pick since 2004 and it claims that Nike’s product has been hurting the sales of their drink, especially in Chicago where Jordan led the Bulls to six NBA championships. The suit has it that Nike’s product “damaged [UMS] in a manner that cannot be fully measured or compensated in economic terms and for which there is not adequate remedy at law.” UMS “even claims to have gifted Jordan’s sons some of their merchandise,” The Urban Daily notes.
And to make matters worse for Brand Jordan (as opposed to Jordan Brand, his Nike-backed shoe line), he's coming under fire for an endorsement pitch for Gatorade, with a consumer watchdog criticizing the implied message to youths.Continue reading...
Posted by Mark J. Miller on February 27, 2012 10:39 AM
While Kobe Bryant just passed Michael Jordan's All-Star scoring mark, it won't diminish Jordan's stature or legacy. When most people think of Jordan, they think of his six championships with the Chicago Bulls, his five NBA MVP awards, and his leaping image that’s been immortalized by Nike as Jordan Brand.
Many today think of Jordan and see dollar signs around one of the biggest sports brands and athletes of all time. Inevitably, that leads to legal tussles to protect the Jordan cash cow. That's why the represent the majority owner of the worst team in the NBA, the Charlotte Bobcats, has sued Chinese sportswear and shoe manufacturer Qiaodan Sports for wrongful use of his trademark.Continue reading...
Posted by Mark J. Miller on November 28, 2011 10:10 AM
Everybody loves Michael Jordan, right? The ultimate brand spokesman, who won six NBA championships with the Chicago Bulls, has been affiliated with a slew of brands in his 48 years: Nike (which produces his lucrative Jordan Brand line), Coca-Cola, Gatorade, MCI, McDonald’s, Chevrolet, Wheaties, Rayovac, Ball Park Franks, and Hanes.
Since March of 2010, he’s been the majority owner of the NBA’s Charlotte Bobcats, the first former player to hold such a title. Since he’s seen both sides of the coin, you’d think that when the NBA lockout occurred, Jordan would have been able to help broker a deal between the players and his fellow owners.
Instead, Jordan went hard-line against the players, not wanting to give in an inch, and reportedly getting fined by the NBA for his public comments. Now that the lockout's end is looming, one wonders how much his sudden tough-guy appearance hurt his brand.Continue reading...
Posted by Mark J. Miller on October 3, 2011 01:03 PM
Oakland Raiders running back Darren McFadden may be a rising star, but he has a long way to go to take on the king, by which we mean Michael Jordan.
MJ hasn’t played professional basketball since 2003 and hasn’t won a championship since 1998, yet he has one of the strongest, shiniest brands of any celebrity out there.
Forbes estimates “that Jordan earned $60 million over the past year mainly through his endorsement deals with Nike, Gatorade, Hanes, Upper Deck, 2K Sports and Five Star Fragrances.” Of course, he also has five restaurants and a car dealership of his own in North Carolina. Plus, he’s got a day job as the majority owner of the NBA’s Charlotte Bobcats.
During Jordan’s playing days he was earning $50 million annually at his peak from sponsorships. While many of his sponsors have been with him for some time, Forbes notes that 2K signed him last year to be on the cover of NBA 2K11, which went on to sell five million panels and become the best-selling NBA video game in history.
Jordan's deal with Nike started when he graduated from college in 1984. The five-year deal, worth $2.5 million, must have felt like big bucks to him then. The Jordan brand now pulls in more than $1 billion annually, “with MJ getting a piece of the action,” the site notes. “The Jordan Brand’s market share of the U.S. basketball shoe market is 71% according to SportsOneSource,” Forbes reports.Continue reading...