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Chapter 161: Dipped in the Nation's Light

Like his previous meeting with Nike, Yi Dun went straight to the point and asked about the price code of Adidas.

What Yi Dun and Xia Jiuli didn't expect was that Adid was obviously prepared.

He handed over a thick stack of information directly. The leading representative was a Chinese, and he started to explain it to Yi Dun according to the information.

"Mr. Yi Dun, our initial endorsement fee is $6 million in three years."

"Of course, there must be a reward mechanism, and the main reward mechanism is related to the Beijing Olympics."

"If Mr. Yi Dun can win the Beijing Olympic gold medal, there will be an additional three million dollars. If he can break the world record, there will be an additional three million dollars."

"That is, if Mr. Yi Dun can win the Beijing Olympics, he will receive a pre-tax salary of US$12 million in three years."

Yi Dun nodded. Adid's attitude was just right. Not only was the contract much richer, but he also discussed the specific reward measures.

Yi Dun never doubted whether he could win medals at the Beijing Olympics, nor even doubted whether he could break the world record.

In his opinion, this is not a big problem for himself now.

In other words, you should be able to get the 12 million US dollars safely.

On average, it costs about four million US dollars a year, which is about 30 million RMB.

If you really want to say more, there are actually not many things. After all, this sports endorsement is the majority of athletes and will almost account for more than half of athletes' endorsement revenue.

Think about it, Liu Xiang can reach 160 million yuan per year, and Yao Ming can reach 260 million yuan per year, so Yi Dun's contract is naturally not much.

But Yidun has not won the Olympic gold medal yet, so this contract is already very generous to him, and Adid has given him enough sincerity.

It’s not that Yi Dun has some personal charm, which makes this German company pay more.

But the time point is too special...

The Beijing Olympics are about to be around the corner. If you want to talk about the world's largest market now, then there will definitely be only one answer for a hundred questions, that is China.

With the trend of the Beijing Olympics, which sports brand doesn’t want to share a big cake in the Chinese market?

Why did Liu Xiang earn the most annual income in his career this year? This is the reason.

Everyone hopes that Liu Xiang will win the Beijing Olympics next year and help these manufacturers develop sales, so they can all spend money on Liu Xiang.

Yi Dun's current situation is generally similar to Liu Xiang. Because the markings of the National Track and Field Championships are too amazing, Adid is happy to spend so much money.

If Beijing did not host the Olympics next year, then Adidas would definitely not have given so much money. They would probably have to cut half of it.

Yi Dun also knew this. He benefited from the Beijing Olympics and the country.

Adidas gave a three-year contract, and Yi Dun was actually quite satisfied with this period.

In fact, for Yi Dun, the shorter the contract, the better, but Uncle Er also said that at least he would provide a guarantee for the rest of his life.

Nowadays, Yidun has strong endurance and strength, but this does not mean that he will not suffer any injuries.

People have good fortune and good fortune at any time. If something happens to ruin your career, Yi Dun will definitely have no worries about food and clothing for the rest of his life.

Of course, this 12 million US dollars is pre-tax income, and Yi Dun will definitely not get it all, and he will have to pay 20% of the tax.

Some athletes’ income is taxed, while others do not need to be taxed.

For example, the previous prize money for the Provincial Games would not require tax payment.

The endorsement income of athletes is commercial income, so they have to pay taxes.

It sounds like 20% of the tax revenue is heartbreaking, but in fact, compared with European and American countries, these 20% of the tax revenue is really not much.

After paying the tax, Yi Dun can still get 9.6 million US dollars, about 70 million RMB, which is enough for the rest of his life.

If the contract is too long, Yi Dun will definitely lose money, because the more you go, Yi Dun's commercial value will be higher.

At present, this contract is quite suitable.

Yi Dun proposed to chat with Xia Jiuli for a few minutes alone.

"Old Xia, how do you feel about this contract?" Yi Dun asked with a smile.

Xia Jiu is embarrassed, how about the contract? How about the contract with a contract worth more than 10 million US dollars, how can you feel? It must be so good...

"I think it's very rich. There is definitely no manufacturer in China who is willing to pay so much money. Maybe there may be some in the future, but there is definitely not now." Xia Jiuli grinned.

He is actually more excited than Yidun now.

He can get a commission for this contract!

No matter whether it is a commission before tax or after tax, he will earn at least 700,000 or 800,000 yuan in the next three years!

After earning 700,000 or 800,000 in three years, Xia Jiuli dared not even think about it.

And in the next three years, Yi Dun will never sign only this endorsement, right? There must be other endorsement revenue.

It’s easy to have my salary exceeding one million in three years!

Xia Jiuli was already trembling all over with excitement. He never expected that he would reach the peak of his life so soon.

"Okay, then let's settle it."

"Next, if you talk to them, you have to pay a year first, and don't forget to add emulsification clauses to the contract. This is very important." Yi Dun ordered.

This emulsification clause is actually not only important to Yi Dun, but also to other top domestic athletes.

Just imagine that Yi Dun signed a contract with Adid, but Adi did emulsification during Yi Dun's contract period.

What should I do if Yi Dun is then?

Terminating the contract would require a large penalty for liquidated damages, and Yi Dun probably wouldn't be able to afford that much money.

If it doesn't end, it will be a thrust to others, and Yi Dun is even more uncomfortable.

So this clause must be added, and if it is not added, the contract cannot be signed.

...

Yi Dun chatted with the representative of Adidas for another ten minutes, then left, and handed over the negotiations to Xia Jiuli.

When the person in charge of Adidas' meeting this time heard Xia Jiuli say that he would add clauses to the contract, his face became weird.

It’s not that this clause cannot be added, but the person in charge thinks Yi Dun is a little too concerned about their Adidas Company.

As multinational giants, they are not so stupid as to do emulsification.

If this matter is really done, how can you do business in China in the future? Would you like such a big market in China?

Now that Yi Dun wants to add it, it will be added as you want. Anyway, it is not a big deal.
Chapter completed!
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