1,632
 

nike gave spencer haywood a choice of 100k or 10% stake in the company. he fu-ked up


 
2
most viewed right now
  28
19 comments @hiphop


section   (0 bx goons and 1 bystanders) Share this on Twitter       Share this on Facebook
 

 8 months ago '10        #1
9733 page views
125 comments


trill jackson 1187 heat pts1187
space
avatar space
space
$24,659 | Props total: 43722 43722
nike gave spencer haywood a choice of 100k or 10% stake in the company. he fu-ked up
 

 
the 10% stake would be worth 8.6 billion today



agent screwed him

visit this link https://www.foxsports.com .. company-020416

125 comments for "nike gave spencer haywood a choice of 100k or 10% stake in the company. he fu-ked up"

 8 months ago '15        #2
6Fraud 186 heat pts186
space
avatar space
space
$10,669 | Props total: 22574 22574
n*ggas aint know better back then





At the same time how do you not see more value in ownership vs upfront cash

 8 months ago '15        #3
2Cold 613 heat pts613
space
avatar space
space
$39,504 | Props total: 172079 172079



i hope that n*gga made peace.. cause i might have committed that after the first 100 million



 8 months ago '05        #4
Stuart Scott 228 heat pts228
space
avatar space
space
$27,195 | Props total: 28247 28247
1973

100k was a lot of money then

 8 months ago '15        #5
TrapGod 
space
avatar space
space
$1,196 | Props total: 2657 2657
Smh

Top 10 most propped recently  8 months ago '15        #6
Flippa Huxtable 14 heat pts14
space
avatar space
space
$26,217 | Props total: 97682 97682
I bet he still has nightmares about that decision

 8 months ago '10        #7
USC 84 heat pts84
space
avatar space
space
$24,669 | Props total: 21866 21866
I wonder how quick he would've earned that 100k back, couldn't be that long.

 8 months ago '12        #8
Gramz 838 heat pts838
space
avatar space
space
$20,885 | Props total: 22844 22844
ouch

 8 months ago '05        #9
ElQueHablaSucio 54 heat pts54
space
avatar space
space
$5,136 | Props total: 6541 6541
the 10% stake would be worth 8.6 billion today


Sh*t..I'm speechless.




sportsbook 62 - 28 STRK: 3 w in a row WIN PCT: 68% 51 (-1) 
  Career: | Aug 08: 73-64, Rank #279 *

 8 months ago '15        #10
Swavey 152 heat pts152
space
avatar space
space
$12,406 | Props total: 49973 49973
Y’all acting like people knew about Stocks back then

 8 months ago '14        #11
strungout 400 heat pts400
space
avatar space
space
$34,799 | Props total: 83924 83924
The lead actor from city of God was given the choice of 10 thousand dollars or like a percentage of all sales ...

He took the 10 , movie went onto be a cultural phenomenon, but it's hard to vindicate that when you need to put food on the table today

 8 months ago '05        #12
ChickzNKickz 103 heat pts103
space
avatar space
space
$12,334 | Props total: 21284 21284
Hindsight is always 20/20

A lot of n*ggaz playing Monday morning QB right now.

 8 months ago '14        #13
utsdbl 
space
space
space
$80 | Props total: 172 172
 Stuart Scott said
1973

100k was a lot of money then
equivalent to about half a million today

at the time, 10% of nike must have been worth significantly less, or the offer would not have been made

 8 months ago '16        #14
ahonui06 1677 heat pts1677
space
avatar space
space
$39,575 | Props total: 79968 79968
If you're an NBA player definitely take the 10% ownership stake

 8 months ago '12        #15
BlessInTheSky 6 heat pts
space
avatar space
space
$6,869 | Props total: 12514 12514
 ahonui06 said
If you're an NBA player definitely take the 10% ownership stake
Hindsight is 20/20 though.

Who would've thought Nike would become the company it is today back in 1973?

Take a look at this from Wikipedia:
In 1964, in its first year in business, BRS sold 1,300 pairs of Japanese running shoes grossing $8,000. By 1965 the fledgling company had acquired a full-time employee, and sales had reached $20,000. In 1966, BRS opened its first retail store, located at 3107 Pico Boulevard in Santa Monica, California next to a beauty salon, so its employees no longer needed to sell inventory from the back of their cars. In 1967, due to rapidly increasing sales, BRS expanded retail and distribution operations on the East Coast, in Wellesley, Massachusetts.

By 1971, the relationship between BRS and Onitsuka Tiger was nearing an end. BRS prepared to launch its own line of footwear, which would bear the Swoosh newly designed by Carolyn Davidson. The Swoosh was first used by Nike on June 18, 1971, and was registered with the U.S. Patent and Trademark Office on January 22, 1974.
Basketball players weren't extremely rich back in the 70s - the average salary was like $35k a year. So that $100,000 looks extremely tempting when compared to a company wasn't even known as Nike until 1971 - they were known as Blue Ribbon Sports before that.


Last edited by BlessInTheSky; 07-11-2018 at 08:34 PM..

 8 months ago '16        #16
ahonui06 1677 heat pts1677
space
avatar space
space
$39,575 | Props total: 79968 79968
 BlessInTheSky said
Hindsight is 20/20 though.

Who would've thought Nike would become the company it is today back in 1973?

Take a look at this from Wikipedia:


Basketball players weren't extremely rich back in the 70s so that $100,000 looks extremely tempting when compared to a company wasn't even known as Nike until 1971 - they were known as Blue Ribbon Sports before that.
No way he could've known Nike would become a behemoth, but he was already a NBA player at the time so he should've taken that ownership stake. He could've made up that $100K as part of his NBA contracts.

 8 months ago '15        #17
6Fraud 186 heat pts186
space
avatar space
space
$10,669 | Props total: 22574 22574
 Scorpion06 said
That n*gga was just happy to drive a Cadillac and keep a fresh pair of bell bottoms. Stupid a*s.


 8 months ago '05        #18
Wondah_Woman 9 heat pts
space
avatar space
space
$5,201 | Props total: 10580 10580
Anybody ever read Phil Knight’s book Shoe Dog? They were holding Nike together with tape and glue back then. You don’t know what you don’t know. If we could all only live in hindsight....

 8 months ago '12        #19
BlessInTheSky 6 heat pts
space
avatar space
space
$6,869 | Props total: 12514 12514
 ahonui06 said
No way he could've known Nike would become a behemoth, but he was already a NBA player at the time so he should've taken that ownership stake. He could've made up that $100K as part of his NBA contracts.
edited my post to include that the average NBA salary during that time was $35k a year...

 8 months ago '11        #20
megalomaniacal 1 heat pts
space
avatar space
space
$5,466 | Props total: 8285 8285
I had 10 bitcoins a few years back


sh*t happens

 8 months ago '17        #21
Officialjm3 6 heat pts
space
space
space
$1,389 | Props total: 5076 5076
So how many of y’all are deeply invested in Netflix or amazon? Exactly. Stfu

 8 months ago '15        #22
6Fraud 186 heat pts186
space
avatar space
space
$10,669 | Props total: 22574 22574
 Officialjm3 said
So how many of y’all are deeply invested in Netflix or amazon? Exactly. Stfu
Netflix nor amazon has come to us regular joes with an offer though



This completely different buddy

 8 months ago '06        #23
realgunta 887 heat pts887
space
avatar space
space
$27,153 | Props total: 49623 49623
$100,000.00 in 1973 had the same buying power as $580,056.47 in 2018


still was a bad move on his part though

 8 months ago '04        #24
AliHood 4 heat pts
space
avatar space
space
$2,096 | Props total: 1725 1725
 2Cold said



i hope that n*gga made peace.. cause i might have committed that after the first 100 million



 8 months ago '04        #25
AliHood 4 heat pts
space
avatar space
space
$2,096 | Props total: 1725 1725
 Officialjm3 said
So how many of y’all are deeply invested in Netflix or amazon? Exactly. Stfu
I do own both tho....

Home      
  





 


 
 




most viewed right now
+82online now  20
Mixed Bag
191 comments
1 day ago
@thotsdimesetc
most viewed right now
online now  20
Image(s) inside Texas War Started.. Sauce Walka Lets Young Thug Know He Shot Up TraeDa..
192 comments
1 day ago
@hiphop
most viewed right now
+16online now  10
Lance STEPHENSON TRENDING After Teanna Trump Say She fu*k HIM AT 16 While DWIG..
355 comments
2 days ago
@misc
most viewed right now
online now  5
Video inside Tray Deee Agrees With Mob James: Orlando Didn't Respect 2Pac's Gangster
93 comments
1 day ago
@hiphop
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy