The Joe Pomp Show
#246 How The Dodgers Can Afford $1B+ In Salaries And Michael Jordan's Royalty Deal With Nike Keeps Getting Bigger And Bigger
Dec 28, 2023
A breakdown of how the Dodgers can afford over $1 billion in player salaries and insights into Michael Jordan's expanding royalty deal with Nike. Dive into the financial strategies behind the Dodgers' spending and the impact of athlete acquisitions on revenue growth. Also, discover the inaccuracies in the movie 'Air' based on the true events of the iconic 'Air Jordan' deal.
22:22
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Quick takeaways
- The LA Dodgers' financial strength stems from ownership by Guggenheim, high revenues, lucrative media contracts, facilitating top talent acquisitions.
- Michael Jordan's royalty deal with Nike, built over decades, yields $330 million annually, surpassing NBA earnings, establishing Jordan brand.
Deep dives
LA Dodgers Spending Spree
The LA Dodgers have made significant financial moves in baseball, including signing Shohei Otani and Yoshi Yamamoto to multi-million-dollar contracts. Despite the reported amounts, the actual value of these contracts may vary due to deferred payments and additional posting fees. The Dodgers' ability to outbid other teams reflects the competitive dynamics seen in baseball's free agency, with big markets vying for top talent.
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