Zhang Yang and AJ completed their contract renewal, shaking the basketball world: The first billion-dollar endorsement in NBA history is born!
Media exclaim that this endorsement is too outrageous.
Previously, the largest single endorsement contract for an NBA player was the $93 million signed by James in the summer of 2003, with additional incentive clauses totaling $5 million, but it still didn't cross a billion, and it was a 7-year endorsement, averaging exactly $14 million a year.
Taking into account incentive clauses like being selected for the All-Star team and the Best Lineup, Zhang Yang can earn $26.5 million per year, almost double James' endorsement fee!
Although this endorsement is extremely outrageous, neither the media nor the fans are particularly surprised, they're just amazed that Zhang Yang really secured an endorsement fee over $25 million.
Because this summer is the Beijing Olympics, both Hook and AJ had to resolve the renewal issue.
