Categories: Sports

Lakers player lost $1 million endorsement deal in China

LeBron James publicly criticized Daryl Morey and reportedly pressed NBA commissioner Adam Silver on punishing the Rockets general manager.

Why is LeBron so upset with Morey, who merely tweeted support for Hong Kong protesters trying to expand and maintain their freedom?

Following the money often provides an answer.

Due to Chinese backlash, the NBA will reportedly lose millions of dollars of expected revenue, which affects players’ salaries. Lakers players also felt even-more-direct consequences while in China for preseason games.

Dave McMenamin of ESPN:
James, Anthony Davis, Kyle Kuzma and Rajon Rondo — to name a few — had appearances canceled. One Lakers player, sources told ESPN, had agreed to a $1 million endorsement deal with a Chinese company prior to the trip. When he arrived — poof — it was gone. A seven-figure payday went out the window.

It’s understandable someone would be agitated by losing a $1 million endorsement deal because of someone else’s tweet. I can’t even imagine how frustrating it’d be to miss out on that money.

Morey chose to take a political stand. Others are paying the price. He definitely rankled people around the league.

But perhaps scorn for Morey is misdirected.

This is the peril of chasing money in a place where an endorsement deal can fall apart because of someone else’s tweet. Maybe a bigger problem is a business environment where free expression is so stifled.

No tags for this post.
秦涵

分享
Published by
秦涵

Recent Posts

Sands China gets new waiver on credit facility conditions, hopes to launch Londoner Court hotel before Golden Week

Sands China says it has negotiated a third waiver extension and amendment to the conditions…

7 months ago

Nagasaki plans workforce and public safety for anticipated casino resort

Nagasaki says it is working on development of a workforce for its hoped-for casino resort.…

7 months ago

Pagcor now gets separate teams to monitor IRs and Online gaming

Pagcor says it now has two separate teams of officials in order to oversee respectively…

7 months ago

Macau says more time needed for Hong Kong air travel bubble

Macau said they would require more time to assess the situation regarding Covid-19 infections recorded…

7 months ago

Tokyo IR opposition grows during metropolitan assembly election

After Metropolitan Assembly election, the odds of Tokyo entering the commercial gaming race only lengthened.

7 months ago

Macau asked for Hong Kong travel bubble people to be segregated

Casino says Macau government has asked for Hong Kong travel bubble people to be segregated.

7 months ago