LeBron James Net Worth and Nike Loyalty 2016/2017

As a professional basketball player who has a famous name, it’s no surprise that LeBron James has a very abundant net worth amount. It comes not only from the salary from Cleveland Cavaliers, but also various whose sponsors acting upon him. Just like his senior Michael Jordan, many predicts that LeBron James net worth will be as big as MJ in the future.

Being Cleveland Cavaliers player is the major income source for LeBron James. In last 2014, it was reportedly that James annual salary from the Cavalries is about $20,640,000. But just like Michael Jordan, the fantastic amount of endorsement deals becomes spotlight in LeBron James career as a professional Basketball player. In 2003, he signed $93,000,000  endorsement contract with Nike. At the same year, James also received $16,000,000 for his endorsement deals with Coca Cola Company. Nike seems were keen to retain LeBron James as one of their icon. In last 2015, it was reportedly that James signed a lifetime contract with this sports apparel from the United States, he is tied with the contract agreement reached $500 million.

Nike decision to tied James for a life was taken based on their experience. Nike nearly lost Kevin Durant to Under Armour, due their endorsement agreement is bigger than them. It was a warning to them to be more agile in securing endorsement’s candidates. Therefore do not be surprised if they tie LeBron James with super expensive contract for a lifetime