Will LeBron James’ Lifetime Deal With Nike Make Him A Billionaire?

12.09.15 2 years ago 6 Comments

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LeBron James reportedly signed a lifetime deal with Nike earlier this week, the largest single-athlete deal they’ve ever done. (We’re still acting on the assumption that Michael Jordan doesn’t count, because he has his own shoe empire with Jordan Brand, which rakes in around $100 million annually for His Airness; man, it’s good to be MJ.) Some opined that the lifetime deal would gross James around half a billion dollars, or around $500 million, but now sources tell USA Today it’s a lot more than that.

According to a person with knowledge of the situation, James’ lifetime shoe deal that was revealed on Monday is worth significantly more than the $500 million that has been speculated in some media reports and — at the current rate of sales — is also worth more than $30 million on an annual basis. The person spoke to USA TODAY Sports on the condition of anonymity because of the private nature of the financial terms.

Uhh, yeah. Because, well, math.

LeBron James will turn 31 years old on Dec. 30 this year. The average male life expectancy in the United State is around 76 years old. While there’s nothing average about LeBron, we can use that number as a baseline; although, it’s fair to guess he lives far beyond that age while bathed in wealth and comforts he couldn’t even conceive of as a teenager in Akron.

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