Every football lover knows Odell Beckham Jr. is a top-notch receiver for the Miami Dolphins. While he has scored huge wins on the gridiron, he has also won many victories in the legal space. Last November, Odell Beckham Jr. launched a lawsuit against one of your favorite sportswear brands—Nike. Just so you know, the case is valued at a staggering $111 billion.
One NFL insider, Dov Kleiman, revealed that Beckham’s lawsuit claims that Nike owes him at least $20 million in unpaid salary and promised royalties. Odell Beckham Jr. also asserted that Nike intentionally stopped the sales of his branded shoes to avoid his contract renewal. What really happened?
Odell Beckham Jr vs Nike: Where It All Started
In May 2017, Odell Beckham Jr. signed what was considered the biggest shoe contract in football history: a five-year, $29 million deal with Nike! This agreement was after Nike gave away an offer from Adidas to secure Beckham’s endorsement.
With various incentives, the deal could reach between $40 and $50 million. In the first season under this contract, Odell Beckham Jr. earned greatly from Nike, even more than his New York Giants salary, around $1.8 million.
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Like the saying, “Nothing lasts forever,” the relationship between the two parties soured in 2022. At that time, Beckham sued Nike for $20 million, alleging the company failed to pay certain royalties as stipulated in their contract.
In response, Nike countersued, claiming Beckham violated their agreement by customizing and altering his footwear and playing several games with non-Nike products. Fast-forward to this month, and the legal battle has concluded!
A jury determined that both Beckham and Nike had valid claims, effectively resulting in a stalemate with no financial compensation awarded to either party.
More Details About Odell Beckham’s Legal Triumph Over Nike
On Thursday, July 18, 2024, Odell Beckham Jr. announced to his fans that he and his legal team had won against Nike. In celebration of his hard-won victory, he shared a photo on his Instagram account showing him impeccably dressed in a black suit, surrounded by his legal team.
In his post, Beckham first thanked God and acknowledged his legal team’s efforts. He praised the jury for their fairness and encouraged his followers to stand up for their beliefs, emphasizing that justice had been served.
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Odell Beckham Jr.’s NFL Journey and Net Worth
Odell Beckham Jr. played for five teams during his nine NFL seasons. According to Celebrity Net Worth, he has amassed a net worth of $40 million, having earned approximately $100 million throughout his career. His income has primarily come from his salary and numerous endorsements.
Just so you know, Odell Beckham Jr. became the highest-paid wide receiver in 2018 when he inked a huge $95 million contract with the New York Jets for five years. However, the Jets traded him to the Cleveland Browns just seven months later.
During the first five years of his contract, Beckham reportedly earned around $32 million. In the first year alone with the Jets, he grossed $19 million. His tenure with the Baltimore Ravens saw him earn $15 million, which included a signing bonus of $13,835,000.
For the upcoming 2024-25 season, the Miami Dolphins have agreed to pay Odell Beckham Jr. $3 million. The specifics of this contract have not been disclosed, but Beckham is eager to prove his value and secure a more lucrative deal next year.
Odell Beckham Jr.’s Endorsements
Odell Beckham Jr. is a big fish when it comes to brand endorsements. In addition to his Nike endorsement, Beckham Jr. has formed partnerships with many other notable brands, including EA Sports, Lenovo, Steiner Sports, and Dunkin’ Donuts.
Known for his generosity, Beckham donates a huge portion of his earnings to charitable causes. In 2016, he contributed $500,000 to repair fields damaged by the Baton Rouge floods and donated $100,000 for Hurricane Harvey relief efforts.
Beckham Jr.’s philanthropy extends beyond financial contributions. After learning about a 9-year-old cancer patient’s wish to meet him through social media, Beckham Jr. made the young fan’s dream come true by visiting him personally.
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