Sunday, January 1, 2012

Im not buying it at all.

I think that we have all been sleeping on Kobe Bryant. Trust me, he is alot smarter than we give him credit for. Therefore, I refuse to believe Forbes' estimate that Kobe Bryant is only worth a mere $150 million. No way! And so you can further understand my thinking, lets take a look at his earnings:.  

Kobe Career Earnings:
Contract #1- 3 year, 3.5million
Contract #2- 6 year, 70 million
Contract #3- 7 year, 136 million
Contract #4- 3 year, 84 million

That's 221 million in salary alone since 1996.

Kobe Bryant Endorsements
His endorsements started before he was even drafted inking a deal worth $48 Million with Adidas.  His Nike deal right before his arrest was worth $45 Million.  That’s nearly $100 Million just with two sneaker deals.
Throw in his own video game, Sprite, McDonald’s, Nubeo, Smart Car, and most recently Turkish Airlines, Spalding and Upper Deck; over his 15 year career his endorsements are said to have averaged anywhere from $13 Million to $20 Million which I think is conservative.

According to Forbes:
2008 – $18 Million in Endorsements
2009 – $24 Million in Endorsements
2011 – $28.2 Million in Endorsements

This would put estimates of Kobe’s total earnings conservatively at $416 Million ($221 Million NBA Salary, $196 Million Endorsements – Using low of $13 Million).  The total earnings probably exceeds $500 Million, which would mean that Kobe and his family squandered at a minimum of $266 Million and that none of his investments have earned him any money.

For that reason there is no way that I believe that $150 Million figure. My theory is  that his divorce scare in 2003 was enough for him to realize what having no pre-nup really meant.  He began sending funds to an off shore account and now has no problem cutting a $75 million check because he knows he’s sitting on at least $266 somewhere.

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