PHELPS’ 8 GOLD MEDALS COULD NET HIM $100 MILLION IN FUTURE INCOME
By kapuk on Feb 4, 2010 in celebrities
Copyright © 2008 Ed Bagley
Sports agents which should know motionless a little time ago which winning a bullion award in the Olympics could be worth $12 million in appearances and endorsements for a really commercial athlete.
Michael Phelps warranted 8 bullion medals in swimming foe at the 2008 Beijing Olympics, violation Mark Spitz’s American jot down of 7 bullion medals at the 1972 Olympics in Munich. Eight golds at $12 million every functions out to $96 million in probable income. Phelps’ agent, Peter Carlisle, agrees.
“What is the worth of 8 golds in Beijing prior to a prime-time assembly in the United States?” pronounced Carlisle, posing the question. “I’d contend $100 million over the march of his lifetime.” Carlisle leads the Olympic and Action Sports Division at Octagon.
Even prior to China brought down the screen on the shutting ceremonies at the Beijing Olympics, companies were already drafting offers for Michael Phelps’ services as a spokesman. Carlisle has reliable which he is removing up to 50 pitches a day.
When Phelps acquired his 7th bullion award in the 100 moth final, it automatically triggered a $1 million reward from Speedo, one of his most sponsors. Phelps was not usually pennyless prior to he competed in Beijing. His representative Carlisle estimated Phelps’ stream gain in between $3 and $5 million a year, and Carlisle expects his income to stand in following the Olympic Games.
Pizza Hut is giving Phelps and his teammates on the men’s and women’s United States float teams free pizza and pasta for a year. Phelps will shortly have a book out patrician “Built to Succeed”, and his allege price is a cool $1.6 million. Phelps already has tip endorsements from companies which embody Visa, Omega, Hilton, AT&T and Speedo.
It is a good thing to be Michael Phelps today. Phelps recognition is outrageous at the moment. On the online amicable networking site Facebook, some-more than 795,000 people have strictly spoken themselves fans of Phelps. Advertisers have been entirely wakeful of Phelps participation in the marketplace.
The big subject is: Will Phelps be means to interpret his swimming participation in the pool in to a commercial celebrity outward the pool? Mark Spitz had most possibilities in 1972, but Spitz usually did not have itso to speakas a commercial personality.
Like all brand brand new Olympic heroes, it will be 4 years prior to an additional opportunity. In the meantime, brand brand new heroes will movement and Phelps could simply blur in to the woodwork as Spitz did. The aberration of his attainment will usually lift him so far.
To attain in the marketplace as a rarely paid orator for a company, he will need a celebrity which ceaselessly draws people to him, and retain qualities which have people care.
John Sweeney, executive of sports information exchnage at the University of North Carolina’s School of Journalism and Mass Communication, will find answers to these questions as Phelps does interviews to hype his popularity:
“Is he funny? Is he warm? Is he interesting? Does he contend things which have you wish to attend more, or is he the good contestant who is gratified to be here and he’s done?”
Mark Spitz did not have the celebrity to lift it off. He done income but not scarcely what he could have made.
Mary Lou Retton won usually one bullion award in the 1984 Olympics but has been means to parlay it in to a career of vocalization engagements, radio appearances and ongoing commentaries.
Phelps already has his eye on the 2012 Olympic Games in London, and violation the Olympic jot down for the most medals18set by Soviet gymnast Larysa Latynina. Phelps has sixteen medals to date14 golds (6 from the 2004 Games and 8 from 2008) and 2 bronze medals. Three some-more medals in London of any kind would give him the record.
Beyond Phelps’ opening at Beijing, I am tender which earning $3 to $5 million a year prior to he arrived did not start his capability to furnish on cue. So most athletes work so tough for a big payday and afterwards their skills and opening lessen in different suit to their taking flight income.
Sports agents which should know motionless a little time ago which winning a bullion award in the Olympics could be worth $12 million in appearances and endorsements for a really commercial athlete.
Michael Phelps warranted 8 bullion medals in swimming foe at the 2008 Beijing Olympics, violation Mark Spitz’s American jot down of 7 bullion medals at the 1972 Olympics in Munich. Eight golds at $12 million every functions out to $96 million in probable income. Phelps’ agent, Peter Carlisle, agrees.
“What is the worth of 8 golds in Beijing prior to a prime-time assembly in the United States?” pronounced Carlisle, posing the question. “I’d contend $100 million over the march of his lifetime.” Carlisle leads the Olympic and Action Sports Division at Octagon.
Even prior to China brought down the screen on the shutting ceremonies at the Beijing Olympics, companies were already drafting offers for Michael Phelps’ services as a spokesman. Carlisle has reliable which he is removing up to 50 pitches a day.
When Phelps acquired his 7th bullion award in the 100 moth final, it automatically triggered a $1 million reward from Speedo, one of his most sponsors. Phelps was not usually pennyless prior to he competed in Beijing. His representative Carlisle estimated Phelps’ stream gain in between $3 and $5 million a year, and Carlisle expects his income to stand in following the Olympic Games.
Pizza Hut is giving Phelps and his teammates on the men’s and women’s United States float teams free pizza and pasta for a year. Phelps will shortly have a book out patrician “Built to Succeed”, and his allege price is a cool $1.6 million. Phelps already has tip endorsements from companies which embody Visa, Omega, Hilton, AT&T and Speedo.
It is a good thing to be Michael Phelps today. Phelps recognition is outrageous at the moment. On the online amicable networking site Facebook, some-more than 795,000 people have strictly spoken themselves fans of Phelps. Advertisers have been entirely wakeful of Phelps participation in the marketplace.
The big subject is: Will Phelps be means to interpret his swimming participation in the pool in to a commercial celebrity outward the pool? Mark Spitz had most possibilities in 1972, but Spitz usually did not have itso to speakas a commercial personality.
Like all brand brand new Olympic heroes, it will be 4 years prior to an additional opportunity. In the meantime, brand brand new heroes will movement and Phelps could simply blur in to the woodwork as Spitz did. The aberration of his attainment will usually lift him so far.
To attain in the marketplace as a rarely paid orator for a company, he will need a celebrity which ceaselessly draws people to him, and retain qualities which have people care.
John Sweeney, executive of sports information exchnage at the University of North Carolina’s School of Journalism and Mass Communication, will find answers to these questions as Phelps does interviews to hype his popularity:
“Is he funny? Is he warm? Is he interesting? Does he contend things which have you wish to attend more, or is he the good contestant who is gratified to be here and he’s done?”
Mark Spitz did not have the celebrity to lift it off. He done income but not scarcely what he could have made.
Mary Lou Retton won usually one bullion award in the 1984 Olympics but has been means to parlay it in to a career of vocalization engagements, radio appearances and ongoing commentaries.
Phelps already has his eye on the 2012 Olympic Games in London, and violation the Olympic jot down for the most medals18set by Soviet gymnast Larysa Latynina. Phelps has sixteen medals to date14 golds (6 from the 2004 Games and 8 from 2008) and 2 bronze medals. Three some-more medals in London of any kind would give him the record.
Beyond Phelps’ opening at Beijing, I am tender which earning $3 to $5 million a year prior to he arrived did not start his capability to furnish on cue. So most athletes work so tough for a big payday and afterwards their skills and opening lessen in different suit to their taking flight income.
