How Nike's FIRST Athlete Lost $8 Billion On One Decision

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Comments • 974

  • Garry Watts
    Garry Watts  3 days back

    This isn't a mis opportunity its like picking apple stock when Steve Jobs was working in his garage on the PC

    • NBFS TV
      NBFS TV  4 days back

      Moral of the story don’t turn down a free investment the stock market always wins.

      • S. M.A.
        S. M.A.  5 days back

        Dummy

        • Junito Punto Comm
          Junito Punto Comm  1 weeks back

          His Greedy Agent Lost about $2.4 Billions too !! Lol

          • Totally Independent /Survivor

            In 1960's,100k dollars is $8B that time.When you spend that money wisely back then,it could be 20billion dollars today.😄

            • been famous
              been famous  1 weeks back

              Im missing 8 billion yeah im gonna have too fire you

              • goalfever007
                goalfever007  1 weeks back

                Honestly Nike was a very small company at the time... his agent probably made the right decision at the time , Nike could of flopped and taking the money would be the best decision... it’s easy for us to say he made a mistake but at the time taking the money was a better option... considering the economic market at the time. Well if he had taken the 10% deal I’m sure there was clauses in that contract that would’ve not work in his favor in the end... sometimes its easy to judge in hindsight.

                • MrLp1980
                  MrLp1980  6 days back

                  goalfever007 your right. It’s easy to say he made a mistake now. Suppose big baller brand offer 100 grand to any us we would take it. What if 2040 bbb becomes a house hold name. You never knew how life works.

              • Rodney Wesley
                Rodney Wesley  1 weeks back

                They say 2 heads better than 1 😶

                • Gonzo Duke
                  Gonzo Duke  1 weeks back

                  That's what you get for being a follower. Not only did he take the lump sum instead of 10% but when other players clowned on his shoes, he went and changed.

                  • KiNg ctAylAh
                    KiNg ctAylAh  1 weeks back

                    Agent wanted his lil small 🍟, 🤦🏻‍♂️ put a hit on that puto

                    • This Is Hip Hop
                      This Is Hip Hop  2 weeks back

                      Spencer Haywood Punching The Air Rn 🤦🏾‍♂️

                      • V
                        V  2 weeks back

                        10% ownership ?? I think they would’ve tried to buy him out around the time Jordan came in

                        • ClintBeastwood
                          ClintBeastwood  2 weeks back

                          Another scumbag sports agent

                          • TheTorontoCommunity
                            TheTorontoCommunity  2 weeks back

                            Nike would have him assassinated if he took 10% 🤣🤣🤣

                            • Almon Raphael
                              Almon Raphael  2 weeks back

                              Wow... that's fucked up, but like he said, who wudda known, Nike should still take care of him, retro his shoes , let him make some dough ...marketing scheme; 1st Nike basketball shoes ever

                              • NopaL Boxellanos
                                NopaL Boxellanos  2 weeks back

                                Fawking idiot 😆

                                • Keyvin Leroy
                                  Keyvin Leroy  2 weeks back

                                  God dam this don’t have nothing to do with me but I’m hurt by it 8 billion and you took 100,000 yikes

                                  • xed
                                    xed  2 weeks back

                                    This was not a mistake, based on the era, as well as the fact, he got 100k, which was big money in 1973. It's the luck of the draw! Spencer was a head of his time, What the narrator didn't included in the story, is that Spencer is the sole player responsible for NBA for modern day Free Agency!

                                    • Deion Fertile
                                      Deion Fertile  2 weeks back

                                      Well goddamn

                                      • Matt Goode
                                        Matt Goode  2 weeks back

                                        NIKE REPRESENTS SATURN IN TURN REPRESENTS SATAN.I KNOW YOU DO NOT KNOW THIS.FACT

                                        • Marcus Flores
                                          Marcus Flores  2 weeks back

                                          Damn he took a big floop on that one

                                          • Carr Rexx
                                            Carr Rexx  2 weeks back

                                            Ouch.

                                            • Sing Sing
                                              Sing Sing  2 weeks back

                                              Really dumb decision like ur a famous player u can make that brand famous too

                                              • golffix99
                                                golffix99  2 weeks back

                                                Cool... At 5:30... a picture of Berkeley's first Nike store, "The Athletic Department", near the UC Berkeley campus, 1973.

                                                • Siti Maan
                                                  Siti Maan  2 weeks back

                                                  Aaaah..DAMN...his agent took a 1/4 of th9e hunt stacks....and he could've had generational wealth.... because of greed/ignorance or both....smh
                                                  Never heard of him before but his name is now eternally in My lexicon ...
                                                  "Everything aint all good..
                                                  Know the pros/cons of your choices Spencer haywood"
                                                  Rap verse

                                                  • Keith Bell
                                                    Keith Bell  2 weeks back

                                                    Typical negro with short term, instant gratification mindset. Tragic!

                                                  • Erwin Saputra
                                                    Erwin Saputra  2 weeks back

                                                    at least his lost is not as big as Ronald Wayne

                                                    • A Lubsey
                                                      A Lubsey  2 weeks back

                                                      ouch.

                                                      • Cash-to-the-mere Cash-to-the-mere

                                                        "EVERYBODY HAS AN OPINION; YET NOT EVERYONE CAN'T MAKE A DECISION..." CASH-TO-THE-MERE

                                                        • dominic carlin
                                                          dominic carlin  2 weeks back

                                                          Everything happens for a reason Jordan might of never even signed to Jordan if that dude had 10% stake🤷🏽‍♂️ jus sayin

                                                        • Michael E
                                                          Michael E  2 weeks back

                                                          Not the first time I’ve heard a story like this. In Rise of the Nerds, Steve Jobs offered his Buddy $3000 or 5% ownership to help him move from a garage to a lab and office building. His Buddy took the $3 Grand!!!

                                                          • One Of A Kind Loving Me

                                                            It's all a trap

                                                            • Gary Williams
                                                              Gary Williams  2 weeks back

                                                              Nigga aww man 😥

                                                              • Al J Pelayo
                                                                Al J Pelayo  2 weeks back

                                                                I hate that agent!!!!!!!

                                                                • Michael Pou
                                                                  Michael Pou  2 weeks back

                                                                  Wow that was a tough decision to make because in 1973 $100,000 was equivalent to $550,000. Guaranteed money verses taking a gamble on a startup company... decisions decisions decisions. I don't know which one I would have taken at the time

                                                                  • Michael Pou
                                                                    Michael Pou  2 weeks back

                                                                    After thinking about it, he could have taken $50,000 and 5 % of the company if he wasn't sure if Nike would be successful

                                                                • Dierdre Sutton
                                                                  Dierdre Sutton  2 weeks back

                                                                  I say they should still give it to them because he did it for them. I hate Nike. But the shoes are Sweet. 🤦🏿‍♀️

                                                                  • Tree Dillinger
                                                                    Tree Dillinger  2 weeks back

                                                                    Lmfao...give him 10% of Nike just because??? C’mon fam...

                                                                • Dierdre Sutton
                                                                  Dierdre Sutton  2 weeks back

                                                                  All I can say is we give to much to Nike in promotion and style and they give us nothing much back. I had a pair and they fell apart on me while I was walking literally. Others have said they’ve had the same experience. They need to do something fr. they’re always going to make money. Time to give it back.

                                                                  • slikdarelic
                                                                    slikdarelic  2 weeks back

                                                                    He couldve bought a whole lot of stock back then and still be rich today.. Includin Nike.. But ur right.. Who's thinkin bout all of that in the 70's? Warren Buffet.. Thats it.. lol..

                                                                    • tee are
                                                                      tee are  2 weeks back

                                                                      His agent got that check and laughed all the way to the bank 💰💰💰

                                                                      • Lil Dimer-x
                                                                        Lil Dimer-x  3 weeks back

                                                                        Think about it your a basketball player you see some small brand
                                                                        (not nike) and they offered 5 mill or 10 percent of the company what will you choose?

                                                                        • rolando halili
                                                                          rolando halili  3 weeks back

                                                                          if not for michael jordan ,,,nike will not prosper,,,,they might be selling hamburger now,,,😅😀😄

                                                                          • KingJugganaut19
                                                                            KingJugganaut19  3 weeks back

                                                                            I am crying hysterically for him.

                                                                            • The Quiet Revolution
                                                                              The Quiet Revolution  3 weeks back

                                                                              Actually, the amount today would be a little more than $10 Billion.

                                                                              • Vin Judah
                                                                                Vin Judah  3 weeks back

                                                                                He would've taken the 10%, he'll probably be dead by now from a heart attack or stroke or even an over dose.

                                                                                • Jordan Lookatch
                                                                                  Jordan Lookatch  4 weeks back

                                                                                  Congrats on 1 mill

                                                                                  • Jogador15
                                                                                    Jogador15  4 weeks back

                                                                                    If that's me I commit suicide.

                                                                                    • Jay Santos
                                                                                      Jay Santos  4 weeks back

                                                                                      I am pretty sure that the 10% stake in 1973 would be significantly diluted with other rounds of fund raising going on to expand their business. Still would probably be worth a couple hundred million dollars but not $8 billion.

                                                                                      • peter tuann
                                                                                        peter tuann  4 weeks back

                                                                                        his agent was a greedy asshole, Spencer should have consulted with an attorney, it is possible to structure the deal so that 10% of Nike, sure, but his agent could get .5% of Nike as compensation.