When not brining stupid rap video dances to the masses, John Wall has been known to play some basketball here and there. Wall is the consensus choice to be selected number one overall by the Washington Wizards in tonight’s NBA Draft, and I’m sure he’s plenty excited about that. John should also be excited about the shoe contract he signed with Reebok. The 25 million dollar over 5 year contract is more money than Wall can expect to make in his contract with the Wizards.
Reebok made an immense investment with the charismatic and explosive guard, believing that Wall can replace Allen Iverson(notes) as the brand’s superstar. Wall’s reps, Dan Fegan of Lagardere Unlimited and Brian Clifton of Pindar Enterprises, negotiated a rare two guaranteed signature shoes for Wall.
The deal exceeds what most industry insiders believed even Wall, a spectacular talent, could get in this marketplace. In the declining economy, shoe companies have become more judicious about handing out such big guaranteed deals to rookies. The No. 1 pick in the 2009 NBA draft, the Los Angeles Clippers’ Blake Griffin(notes), was reported to have signed for $400,000 annually with Nike. Milwaukee Bucks guard Brandon Jennings(notes) had a more lucrative deal with Under Armour that he signed out of high school, worth approximately $2 million over four years. Yahoo! via USAToday
John Wall is probably going to have some difficulty deciding what he, at such a young age, should do with that kind of money. Luckily, the good people at Disney have made a movie that could shed some light on what must be a sticky situation.