Thorn: The dawn of athlete endorsements
From SABR member John Thorn at Our Game on January 20, 2014:
Today many athletes earn far more from their endorsement deals than from their efforts on the playing field. As the table below demonstrates, Tiger Woods is the king of active player endorsements, last year raking in $65 million compared to his $13.1 million in prize money from golf tournaments. As a retired player, Michael Jordan is not counted, yet if former athletes were in the mix, Jordan would top everyone with his $80 million in royalties from his own brand. Yet for ratio of endorsement dollars to athletic ones, the king among sport’s top 100 earners is perhaps a surprise: Usain Bolt, who garnered only $200,000 on the track but $24 million off it. (Endorsement income is an estimate of product/service sponsorship deals, appearance fees, and licensing fees for the twelve months through June 2013, as tabulated by Forbes in its annual survey of the 100 highest-paid athletes.)
Many high-salaried athletes had negligible endorsement income (Floyd Meriweather, for example, earned $34 million in the ring and not a penny outside it). Among the 27 baseball players on the list, of prime interest to the readership here, no one gained more off the field than on it, and the highest earners via endorsements were Derek Jeter with $9 million and Ichiro Suzuki with $6 millon.
Read the full article here: http://ourgame.mlblogs.com/2014/01/20/the-dawn-of-athlete-endorsements/
Originally published: January 20, 2014. Last Updated: January 20, 2014.