Adidas Signs Deal With Dalian Wanda Group Westbrook Redefining Spokesperson Role Company Makes J.R. Smith Tattoo T-Shirts Coastal Carolina Reaping CWS Benefits Reese's Uses Vonn For Oly Campaign USATF Inks Five-Year Deal For Supplements CWS, U.S. Swim Trials Gain Sponsorships Marketplace Roundup Nike Drops Suit Against Boris Berian Nike Forced To Recall Dresses Made For Wimbledon
SBD/February 28, 2012/Marketing and Sponsorship
On The Waves Of Linsanity, Knicks Ink Marketing Deal With Taiwanese Tire Maker
Published February 28, 2012
STORY TELLERS: United Entertainment Group Founder & CEO Jarrod Moses yesterday discussed the marketability of Lin, and Moses said, “If you’re going to do a deal with Jeremy Lin at this point, I would circle him with a story as opposed to just an endorsement deal. That way, you talk more about him as a human being and a success story than just the outcome of the season.” Moses said endorsements are still a “huge risk” and what Nike “does and most companies of that magnitude do is they have their A-list stars that they promote and create their brand story around and then they have their emerging” stars. Nike “looked at Jeremy Lin a couple of years ago and they placed a small wager on him and now they’re increasing their bet.” Moses: “It’s dangerous, but at the same time it’s a hedged risk” (Fox Business, 2/27).