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Beckham Teams With H&M To Launch New Clothing Line, Ad Campaign
Published January 4, 2012
STAYING IN THE SUNSHINE: In London, Matt Dickinson reports Beckham has "rejected the lure of Paris ... to stay at the Los Angeles Galaxy after receiving assurances that he will not jeopardise his Olympic prospects by remaining in Major League Soccer." The Galaxy "initially offered Beckham a pay cut to stay, but Simon Fuller, his representative, has negotiated a new deal close to the $6.5 million basic salary he has earned for the past five years in LA, as well as a higher cut of merchandise and ticket sales." Beckham "already takes a share of gate receipts" at The Home Depot Center, and he "retains an option to buy into an MLS franchise." Beckahm is "likely to sign a deal for the 2012 season, with an option to stay for 2013." In the contract, the Galaxy "will be obliged to release him for the Olympic Games if he is selected" (LONDON TIMES, 1/4).