Parbuster wrote:
Future athletes take note to hire a lawyer to negotiate and review the terms of the contract.
Also if everyone refuses to agree to "reduction clauses" and allowing the right of first refusal they will be come a thing of the past.
Sadly like in the music industry up and comers are just happy to receive an offer, they rarely read and comprehend the terms and as a consequence could be saddled with a bad contract should they lucky enough to become successful.
On another note Boris's agent was and still is in a position of conflict of interest. He was negotiating a sponsorship deal with New Balance and the track club at the same time as he was negotiating a shoe deal with the same company for Boris. A classic case of conflict of interest.
Wouldn't no reductions and no first refusal mean smaller contracts? These options are worth money to Nike and the athletes presumably want to brag about a big contract.
Hopefully less draconian reductions though. Some of those Nike had proposed were pretty bad (though some were completely reasonable).