![Michael Jordan's $5 billion brand with Nike wouldn't have existed if Spencer Haywood and Magic Johnson signed on! - The SportsRush Michael Jordan's $5 billion brand with Nike wouldn't have existed if Spencer Haywood and Magic Johnson signed on! - The SportsRush](https://cdn-wp.thesportsrush.com/2022/08/53c5eb79-untitled-design-2022-08-13t122555.858.jpg)
Michael Jordan's $5 billion brand with Nike wouldn't have existed if Spencer Haywood and Magic Johnson signed on! - The SportsRush
Red Pillar - Don't be Spencer.... Repost from @rashadbilal Phil Knight started a running shoe company in 1965 called “Blue Ribbon Sports”. In 1971 Blue Ribbon renamed itself after the Greek goddess
Open Court - In 1973, Spencer Haywood had a choice of contract. He could choose between $100,000 or 10% of Nike. Haywood took the $100k. Today, that 10% is worth $12.4 billion dollars. 👀 - Drew | Facebook
![SuperSonics Spencer Haywood chose $100,000 upfront over a 10% stake in Nike. Had he accepted the original offer, his holdings in Nike would be worth a whopping $8.62 billion : r/nba SuperSonics Spencer Haywood chose $100,000 upfront over a 10% stake in Nike. Had he accepted the original offer, his holdings in Nike would be worth a whopping $8.62 billion : r/nba](https://preview.redd.it/dxhhs8lhf1o61.jpg?auto=webp&s=edc3e0453dcd1f1dd0af849d33a22608d88cd66b)
SuperSonics Spencer Haywood chose $100,000 upfront over a 10% stake in Nike. Had he accepted the original offer, his holdings in Nike would be worth a whopping $8.62 billion : r/nba
![Andrew Petcash on Twitter: "6) Nike became the most valuable apparel company in the world. If Haywood's agent wouldn't have sold the 10% stake... It would have been worth over $2.8B today. Andrew Petcash on Twitter: "6) Nike became the most valuable apparel company in the world. If Haywood's agent wouldn't have sold the 10% stake... It would have been worth over $2.8B today.](https://pbs.twimg.com/media/FZkFTEBX0AAq1EO.png)
Andrew Petcash on Twitter: "6) Nike became the most valuable apparel company in the world. If Haywood's agent wouldn't have sold the 10% stake... It would have been worth over $2.8B today.
![TIL basketball star Spencer Haywood chose $100k up front over a 10% stake in then young company Nike for endorsing their shoes. Today that 10% would be worth more than 8 billion TIL basketball star Spencer Haywood chose $100k up front over a 10% stake in then young company Nike for endorsing their shoes. Today that 10% would be worth more than 8 billion](https://external-preview.redd.it/DW8rRq04SHvKJN1XD2Ei7jEOmGvspYlmJ06j9q-zY78.jpg?auto=webp&s=a816fbe16e8714d2d14e083bca3fe22e1c16f62c)
TIL basketball star Spencer Haywood chose $100k up front over a 10% stake in then young company Nike for endorsing their shoes. Today that 10% would be worth more than 8 billion
![An NBA Hall-of-Famer Could Have Owned $12 Billion Worth Of Nike... Instead He Chose $100K :( | Celebrity Net Worth An NBA Hall-of-Famer Could Have Owned $12 Billion Worth Of Nike... Instead He Chose $100K :( | Celebrity Net Worth](https://vz.cnwimg.com/thumb-1200x/wp-content/uploads/2018/11/sh.jpg)
An NBA Hall-of-Famer Could Have Owned $12 Billion Worth Of Nike... Instead He Chose $100K :( | Celebrity Net Worth
![SuperSonics Spencer Haywood chose $100,000 upfront over a 10% stake in Nike. Had he accepted the original offer, his holdings in Nike would be worth a whopping $8.62 billion : r/nba SuperSonics Spencer Haywood chose $100,000 upfront over a 10% stake in Nike. Had he accepted the original offer, his holdings in Nike would be worth a whopping $8.62 billion : r/nba](https://external-preview.redd.it/qDKScbiiA3GzT6A3a7vECf_ufz_XcqJOUKoVOMOvi2k.jpg?auto=webp&s=761958d2c717b33a6e77fef8242d07bcbcf84601)