Athlete Compensation

We all know what endorsements are: companies use famous people to pitch their products so we'll associate that individual and their success with the product.  We tend to like products, services, and ideas that are endorsed by people we like regardless of the quality of the product.  Sometimes, we will buy a product for the first time simply based on a celebrity endorsement.

We want to be associated with fame, fortune, and success.  That is why we follow the lead of celebrities we admire, respect, and like and use the products they endorse.  It is amazing to see teenagers ignore their parents about drugs, but when their favorite star or professional athlete says it's not cool, they stop.  This is the power of association.

Here is a list of the top 20 most valuable & endorsed athletes

1  Michael Schumacher 		$80  Million 	 
2  Tiger Woods 			$69  Million 	 
3  Alex Rodriguez 		$40.3 Million
4  Lennox Lewis 		$36 Million     
5  Michael Jordan 		$35 Million
6  Shaquille O'Neal 		$29.4  Million
7  Kobe Bryant 			$22.3  Million
8  Sammy Sosa 			$22 Million
9  Allen Iverson 		$21.2 Million
10  Venus Williams 		$20 Million 
11  Mike Tyson 			$17.5 Million
12  Serena Williams 		$16 Million
13  Oscar de la Hoya 		$15 Million
14  Andre Agassi 		14.4 Million
15  Jeff Gordon 		$14 Million
16  Tracy McGrady 		$13.9 Million
17  Randy Johnson 		$13.4 Million
18  Pedro Martinez 		$13 Million
19  Rivaldo 			$13 Million
20  Derek Jeter 		$12.6 Million

 

Copyright 2002, Magnetic Persuasion, Inc.

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