But at the time, Nike was nowhere near as big as it is today, only becoming officially known as Nike the year Haywood was drafted into the league. Published 10:00 pm PST, Tuesday, November 21, 2006 Spencer Haywood poses in 1974. A new documentary sheds light on a decades-old deal Nike made with NBA Hall-of-Famer Spencer Haywood that could have been worth billions — yes, billions — more. Spencer Haywood is one of the more fascinating characters in NBA history.
By DAN RALEY, P-I REPORTER. re: NBA Legend Spencer Haywood was offered 10% of Nike but turned it down for $100K Posted by IgotKINGfisherSpeed on 2/4/16 at 11:18 pm to Bench McElroy The agent is a freaking jack ass. The craziest part, however, is that Haywood says he was approached by Nike in its early days to promote the brand's sneakers. His agent told him to take the money (so he could get his commission). Nathaniel S. Butler/NBAE/Getty Images LeBron James raised a few eyebrows in late 2015 when … Share. Today, Spencer tries not to think about Nike’s current value of $86.2 billion. Spencer was offered a deal with a new company called Nike to promote their basketball shoes. Spencer Haywood is an American former professional basketball player and Olympic Gold Medalist. Spencer Haywood (born April 22, 1949) is an American former professional basketball player and Olympic Gold Medalist. Back when he was a young hotshot in the league, Spencer Haywood was given a choice by Nike. Haywood is a member of the Hall of Fame, being inducted in 2015. Spencer Haywood could have owned 10 percent of Nike if he accepted the company's offer decades ago. “Full Court: The Spencer Haywood Story,” chronicles the Seattle Super Sonic star’s rise from poverty into the world of … Spencer Haywood once turned down 10 percent ownership of Nike. High school career. He’s known for being the guy who sued the NBA and won in order to let him enter the league early. Spencer Haywood's former in laws: Spencer Haywood's former father in law is Mohamed Abdulmajid Spencer Haywood's former mother in law was Marian Abdulmajid Spencer Haywood's former grandmother in law is Habiba Spencer Haywood's former brother in law is Feisal Abdulmajid Spencer Haywood's former brother in law is Elias Abdulmajid Spencer Haywood's former sister in law is Nadia … Haywood is a member of the Naismith Memorial Basketball Hall of Fame, being inducted in 2015. Had Haywood not listened and chosen the longer-term view with the stock options, that 10% ownership stake in Nike today would be worth approximately $9 Billion. NBA Basketball Spencer Haywood is one of the NBA's more compelling figures from its past. Written By Scott Ridge. His decision ultimately cost him a HUGE amount of money. Spencer Haywood was born in Silver City, Mississippi in April 1949. Due to how small the company was — known as Blue Ribbon Sports back then — Haywood’s agent convinced Spencer to take the $100,000 as a risk-free payday, thinking the company would never take off. He should have got Haywood sign over a percentage of his percentage. 3,925 Followers, 2,157 Following, 528 Posts - See Instagram photos and videos from Spencer Haywood (@spencerhaywood24) Spencer Haywood net worth: Spencer Haywood is an American retired professional basketball player who has a net worth of $3 million. Today, Spencer tries not to think about Nike’s current value of $86.2 billion
Spencer Haywood poses in 1974. They offered $100,000 or 10 percent of the company. Spencer Haywood, the stylish star.