Sunday, June 19, 2011

The World's Most Marketable Athletes


I decided to do come up with my own list of who are the world’s top three marketable athletes. Marketable does not necessarily mean best because it is difficult to compare who is the best athlete when there are so many competing in different sports. I feel the most talented athlete in the world could have a hard time selling ice to an Eskimo. The list that I am going to come up with is based on my opinion of who can generate the most marketing dollars for a company if they signed a endorsement deal with the company today. I think the first thing a company should look at before signing a major athlete to an endorsement deal is the long term potential the client can offer.

Over the last two years the name Usain Bolt caught many peoples attention. Mostly because he is the fastest man in the world and at the same time his last name Bolt is catchy. I feel that companies can use him to sell products based on those two factors. The next athlete I feel could generate marketing dollars for a company is LeBron James. LeBron James is arguably the best basketball player in the world so with that title attached to any product is a plus. James has endorsement contracts with Nike, Sprite, Glaceau, Bubblicious, Upper Deck, McDonalds, and Audemar Piguet just to name a few. The only down side to having LeBron attached to your product is the decision he made to leave the Cleveland Cavaliers and sign to the Miami Heat. Many people didn’t like the way LeBron left the organization and might not buy your product based solely on his decision to leave. But overall signing LeBron James is a win-win for any company. The final athlete on my list is David Beckham. I feel that Beckham has the charisma necessary to sell products and at the same time he is one of the most talented soccer players in the world. By signing David Beckham to your company you are gaining exposure to your product because soccer is the most watched sport in the world. Therefore, I like to call Beckham a global sponsors cause soccer is watched globally.  My honorable mention athlete is Tiger Woods. Even though Tiger had his sex scandal I still feel he has the potential to help sell products. Tiger Woods has a million dollar smile and for the past dozen years he has dominated the sport of golf. He has the ability to relate to a company that has been through tough times and is on a come back. 

Sunday, June 12, 2011

Tiger Woods and Mark Steinberg Both Leave IMG


On June 6, 2011 Tiger Woods broke the news via Twitter that he’d be severing ties with his agency IMG, to follow his current agent Mark Steinberg who left IMG to try out other options. It seems that IMG really wasn’t broken up about the departure of Woods. There have been whispers in the golf world that IMG was happy to get Tiger Woods of its roster because of all the drama he has brought to the agency since the sex scandal. The agency has moved away from representation and more in the direction of more profitable entities like broadcasting rights and building sports leagues in other countries like India and China.

I feel the decision that Tiger made to leave the agency with his agent was a smart choice. It is time for Tiger to move on to new things in his life. The only wrong move Tiger can make right now in his career is to continue to do the same. He has been with IMG his whole career and right now he has hit a couple of speed bumps and needs to get over them. I think both Tiger and Mark can form a partnership and build their own super agency.

Mark Steinberg handled Tiger Woods career and image with expert quality during the sex scandal, and I think that is why Woods is staying with Steinberg. Even though the scandal hurt Tigers image and endorsements, Steinberg did what he could do to save what was left of Tigers image and that’s what a good agent is suppose to do. I think it will be interesting to see if Steinberg will join another agency or open up his own to compete against the major agency’s in the business. Either way it goes Tiger Woods will always be a cash cow when it comes to sponsorship and endorsement income. So wherever the team ends up both sides win.