What is Odell Beckham Jr's net worth? NFL star sues Nike for swindling him of $20M by suppressing sneaker sales
SALEM, OREGON: NFL free agent Odell Beckham Jr sued sports apparel giant Nike for intentionally suppressing sales of his sneakers which would have added bonuses and contract extensions worth $20 million. The lawsuit was filed in Oregon on Monday, November 14, where Nike was originally formed in 1964 by the name "Blue Ribbon Sports."
According to TMZ, the 30-year-old considered joining Adidas when his Nike contract was set to expire in 2017. Nike matched Adidas’ offer and made him one of the brand icons in the process. The Super Bowl 2022 winner was due a payment of around $2.6 million in March, but he says the company withheld more than $2 million of the payment without notice. Nike, however, claimed that the money was withheld because Beckham Jr changed Nike footwear and gloves before playing in the items, in violation of his contract.
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Beckham Jr, on the other hand insisted he had to alter his equipment because Nike didn’t supply him with cleats or gloves that matched his team's colors. He is now suing the company for $20 million. "Being a Nike Athlete and Brand Icon was a dream I've had since a young boy. I wanted to be the next Michael Jordan, Bo Jackson, LeBron James or Kobe Bryant in the Nike family", read Beckham's statement according to TMZ.
"When Nike exercised its right of first refusal to match the Adidas offer and not only kept me as a Nike Athlete, but also made me one of their Brand Icons – my dream had been fulfilled", it continued. "Unfortunately, Nike did not honor its commitments. Throughout our partnership, I have kept my promise and fulfilled my obligations to the brand. I am extremely disappointed that I've had to take these measures to ensure Nike fulfills their obligations and promises. I look forward to resolving this issue and hope we can start a real conversation about protecting athletes and their rights. This happens too often in the sports industry and it's time for change."
Beckham Jr is currently recovering from his recovering from a knee injury he suffered in February's Super Bowl as a member of the LA Rams. He tore his left ACL in the match.
What is Odell Beckham Jr's net worth?
According to Celebrity Net Worth, Beckham has a net worth of $40 million. In 2018, he signed a $95 million, 5-year contract with NY Giants with a total of $65 million in guarantees. The deal made him the highest paid player in the NFL history. In 2017, Odell Beckham Jr inked a five-year shoe deal with Nike, as per nicekicks.com. The deal is worth $29 million. he also signed a $1.25 million one-year contract with the Los Angeles Rams, according to Sports Illustrated.