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underdog140
Legend
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That piece you quoted was from when George was an active fighter though. What is his current position with Under-Armour?? That's all that's really relevant here, not his situation 7 years ago.
And if that's his biggest sponsor then his argument for keeping them doesn't hold much water, considering a return to the UFC would be worth 5 million plus without ANY outside endorsements.
You assume incorrectly re: contracts.
Most fighters contracts made very little mention of sponsors in the pre Reebok days. Have not seen anything to suggest that GSP's was any different. It was deliberately done that way to allow for something like the Reebok deal, giving fighters no legal recourse. This was all widely discussed during the transition to Reebok.
The article came out late 2013. GSP last fight was early 2013. I am not sure on what date he officially retired but the article may have been released afterwards. This info is at least based on 3 years ago not 7.
As noted in the article he has a muti-year deal with his sponsors. Looks like UA are honoring the contract since he is still affiliated with them. A quick search will show that UA is one of the main sticking points for his return.
His contract is $1 million plus A Year with them .. GNTD... who knows what that plus is. On the surface dropping a $1 million + sponsor might look like the right move for a $5 million plus payday but if you look at it closer it may not be. Short term gain vs. long term profit. UA is the main sticking point but there are likely other sponsors he stands to lose because of the Reebok deal that add to that lost money.
There are reports awhile back stating GSP made $12-$15 million in sponsors a year. Not sure I believe that but that is a ton of money if true. Money I doubt he even gets close to in sponsors with the Reebok deal in place.
https://twitter.com/arielhelwani/status/273058237400637440
Contracts:
I never followed the Reebok deal too closely but there has to have been something in the contracts about sponsors if the fighters had to re-sign deals because of it. GSP doesn't have much of an argument for being a free agent if there isn't.