Monday, February 27, 2012

Rose's New Deal

Last December, Derrick Rose and the Chicago Bulls agreed to a new contract worth $94.8 million over the next five years. After the deal was inked, Rose was quoted in an interview saying "Of course, I know I'll be able to afford whatever I want, but other than that, there aren't too many things that excite me. Me winning is one of the things. Me being around my family, that's another. Money, that's the last thing I think about." It's amazing to see someone of his status and ability be so humble.


 Rose's latest shoes, courtesy of Adidas.

No less humble, this week, Rose signed another ridiculous contract. This time, a shoe endorsement deal with Adidas. It is the largest contract Adidas has ever offered and the second largest shoe deal ever. Who signed the largest shoe deal ever? You guessed it, none other than Michael Jordan. Rose's new deal with Adidas guarantees him $185 million over the next 13 years.

The two greatest players in Chicago Bulls history now own the first and second largest shoe deals ever.

To put his deal in perspective, Rose's contract guarantees him enough money to purchase 1,681,818 pairs of his own shoes (valued at $110 per pair). That is enough to cover the feet of the entire population of some African countries. With the $185 million he is guaranteed over the span of this contract, Rose can afford to purchase the most expensive car in the world, the Bugatti Veyron. Actually, he can afford to purchase 77 of them. Rose can stay in the world's most expensive hotel room, the Royal Penthouse Suite at Hotel President Wilson in Geneva, Switzerland. He can actually stay there for 7 years and 291 days forking up $65,000 a night for hospitality. However, it seems highly unlikely that Rose will choose anything close to this kind of conspicuous consumption. As he said, Rose will be happy enough spending time with his family, friend and teammates leading the Bulls to their first NBA Championship since the days of Michael Jordan.


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