Starting from the last bus in the NBA

Chapter 74 Schwartz's Transformation
In a star hotel in Seattle, a sumptuous dinner is being served in a room.

He just finished the game and was hungry. Naturally, he had to fill his stomach first. Jeff Schwartz was naturally not ignorant.

In addition to the two, there were two others, both of whom were assistants to Jeff Schwartz.

Among them is the blonde beauty Julie, who is Jeff Schwartz's secretary, and the secretary does that kind of thing.

The other one, a white young man, David White, is both Jeff Schwartz's employee and Wang Hao's assistant.

Not long ago, he was in charge of Wang Hao's various affairs. Jeff Schwartz brought him here to ease the atmosphere.

After drinking and eating, the hotel service staff cleaned up the things, and Jeff Schwartz spoke.

"Wang, I have to say that this is great news. I am in contact with several companies and may have the opportunity to sign a few endorsements."

Wang Hao smiled and said, "This is indeed good news, but, Jeff, I have a little request for these endorsement contracts."

"Oh?"

For NBA players, as long as they can make money, they don't care much about endorsement contracts.

If you really care, you also care about the endorsement fee.

"It's okay to sign an endorsement contract, but I hope to shorten the period as much as possible while ensuring my interests.

It is best not to exceed three years. If it is only one or two years, that is even better! "

"Why? Shouldn't the endorsement contract be as long as possible?"

Jeff Schwartz didn't speak, it was Julie who spoke, and she looked puzzled.

"Because I think that after one year, or two years, the price will increase exponentially."

In fact, Jeff Schwartz had already guessed something, but looking at the confident Wang Hao still surprised him.

No one can predict the future?

After a few years, you may be able to soar into the sky and become a star player, but you may not recover after a setback.

Especially in sports competition, besides strength, luck is also very important. Who knows when injuries will strike?
"I have to say, Wang, you are very confident!"

Wang Hao smiled and said: "I am not only confident in myself, but also in Huaxia.

As far as I know, China is negotiating with the United States to enter the WTO, and the United States agreed in principle.

Once Huaxia joins the WTO, and as the first Chinese player to enter the NBA, I don't think I will lack an endorsement contract. "

China did not join the WTO until the end of 2002, but it was finalized long before 2000.

Of course, Wang Hao doesn't know the specific time, but it is already November 1999, so it is probably this time.

Sure enough, Jeff Schwartz was dumbfounded when he heard this. Is this still a sports player he knows?

As an athlete, the low level of education is inherited from the ancestors.

Even if there are a few smarter ones who have even completed college studies, their minds will not be so divergent.

But facing the confident Wang Hao, Schwartz had nothing to do.

"You're right, so, Wang, I didn't immediately agree to those commercial endorsements.

I am actively contacting them, hoping to get more favorable conditions.

I agree in principle to your request. "

Having said that, Schwartz changed his voice, smiled kindly at Wang Hao, and said.

"I think we need to renew the contract."

Wang Hao was not too surprised by this. He talked so much nonsense just to tell Jeff Schwartz.

"Hey bro, time to show up!"

However, when he actually saw the contract, he was still a little shocked, shocked by Jeff Schwartz's decisiveness.

The NBA has regulations. In order to protect the players, the employment contract signed by the agent and the player cannot exceed 4%.

According to Wang Hao's contract, Jeff Schwartz can only share 30% of the salary of 4 US dollars, which is 1.2 US dollars.

It's no wonder that people were not interested in it before, and they provided services worth as much as they made.

However, there are no strict regulations on commercial endorsements. After all, the NBA can't control it so broadly.

According to the unspoken rules of the brokerage industry, this percentage is about 20%, which fluctuates greatly.

In the highest case, the proportion of commercial contracts can be as high as 40%, but the lowest is less than 10%.

Of course, whether it is 40% or less than 10%, it is a very special situation, and the normal rate is 2%.

Previously, the contract signed by Wang Hao and Jeff Schwartz was signed according to this standard.

No way, this is the case for newcomers.

Perhaps in order to make up for his carelessness before, or in order to deliberately make friends with Wang Hao, Jeff Schwartz made a huge concession.

The employment fee of the NBA contract is reduced to 2%, and as for commercial endorsements, it is directly reduced to 10%.

This share ratio is already the standard of those superstars, and only they can make such a concession from the agent.

Wang Hao did it, of course not because of potential, after all, potential needs to be fulfilled.

To put it bluntly, Jeff Schwartz really wanted to keep Wang Hao, even at the expense of making huge concessions.

Not just financial benefits, but the future.

If Jeff Schwartz wants to open the scene in the NBA agent circle, he needs an iconic figure very much.

I have to say that, as expected of a future agent predator, he is very decisive in his choice.

"Thank you, Jeff, I have seen your sincerity. After my lawyer has read it, I will sign the contract."

Wang Hao is also welcome, this is what he deserves.

Since he entered the NBA, Jeff Schwartz has really not done much except signing a contract with the SuperSonics.

Hearing Wang Hao's words, Jeff Schwartz finally breathed a sigh of relief. He didn't really care about the part of the interest that was given up.

On the contrary, it was Wang Hao's approach that made him feel very interesting, and he kept vigilant at all times.

Many NBA players have been tricked by their agents because they were not careful when signing the contract.

This includes Garnett and Duncan.

On the contrary, Wang Hao needed a lawyer to check every contract. Although he had to pay for it, he avoided a lot of trouble.

After the main matter was settled, the atmosphere afterwards was very relaxed, after all, everyone had seen Qian Tu.

Jeff Schwartz mainly talked about the companies that are currently interested in Wang Hao, and even asked some interesting questions.

For example, Coca-Cola, or Pepsi?Nike, or Adidas?
"It doesn't matter who it is, it depends on whose conditions are better!"

No matter what the brand is, it is an American company anyway, so there is no need to talk about the feelings of the above.

With so many Chinese people, we have enough feelings for Nike and Adidas, but they don't want to kick them away.

So, don't talk about feelings with me, it hurts money!

Hearing this, Jeff Schwartz smiled. This is in line with the spirit of a businessman. Is there any feeling for being rich?

"If possible, I hope to sign an endorsement contract before this year, and it is best to pay a part of the endorsement fee in advance."

Jeff Schwartz naturally knows about Wang Hao's situation, and now Wang Hao is still living in the dormitory of the Sonics.

"If necessary, Wang, I can lend you some money first."

"It's okay, I won't be here for a while sooner or later."

(End of this chapter)