Re: PINNICK SIGNS ANOTHER BAD DEAL WITH NIKE
Posted: Tue Nov 27, 2018 12:39 pm
"This four plus four deal is the best any African country has ever had with Nike," said Pinnick,txj wrote:
How much is the deal?
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"This four plus four deal is the best any African country has ever had with Nike," said Pinnick,txj wrote:
How much is the deal?
How much is the 4+4 deal?fabio wrote:"This four plus four deal is the best any African country has ever had with Nike," said Pinnick,txj wrote:
How much is the deal?
pajimoh wrote:Pinnick has this annoying habit of trying to impose his own opinion on people before they get to make up their own minds.
The same thing he did after signing the first deal. He talked it down about our position. He was regurgitating all Nike's bargaining points rather than convincing Nike about our potential.
I'm still not sure if anyone knows the full details of the first contract.
He's already trying to get into peoples head about how good the contract is before revealing the details.
Just reveal the details and let people make up their own minds
https://www.footyheadlines.com/2015/09/ ... -deal.html"Our ongoing contract with DFB runs until the end of 2018. Therefore it's actually too early to speculate about a renewal", commented Adidas spokesman Oliver Brüggen. "Adidas and Germany simply belong together. At Adidas, we generally don't comment on contract details."
https://www.theguardian.com/football/20 ... tball-teamIt is understood the deal is worth in the region of £400m – a baseline figure that could be added to significantly should performance-related bonuses be achieved.
https://www.footyheadlines.com/2016/12/ ... -deal.htmlThe new deal will ensure that the contract between Nike and the French federation will remain valid at least until the end of the 2026 World Cup. No details on the value of the new Nike France 2026 contract have emerged, but it can be expected to be close to initial deal which was worth €45m per year. FFF president Le Graët said that the federation was looking for an offer in the region of €50m in September.
https://www.footyheadlines.com/2017/10/ ... -deal.htmlNo financial details on the extended Nike Portugal kit deal were disclosed, but both parties voiced their content with the arrangement.
The Nigeria Football Football Federation has revealed that it would earn $3.75m (743m Naira) during its three-and-half-year partnership with Nike and a $500,000 (99m Naira) bonus if the Super Eagles qualify for the 2018 World Cup in Russia among other perks.
The contract is worth $750, 000 (148m Naira) in its first year and would rise to $1million (198m Naira) each year from 2016 till 2018.
After ending its previous 700,000 Euros-a-year contract (150m Naira) with German giants Adidas in December, the NFF has opted to go with Nike in a three-and-half-year deal which will see the American sportswear company supply kits from April 1, 2015, until at least 2018.
https://www.goal.com/en-za/news/4622/af ... 743m-nairaThe NFF said the contract reached at The Soho Hotel, Richmond Mews, London last Thursday will improve in value to $1 million in the second year that is from 2016/17.
Aside, the year-by-year improved financial earnings, the NFF disclosed that various national teams will earn bonuses should they make it to any major international championships. While the Super Eagles could rake up to $500,000 if they qualify for the 2018 FIFA World Cup finals in Russia.
JACKAL wrote:This basically means Nigeria gets a small amount upfront, the rest of the money we get depends on how we do in each competition, if we qualify or win tournaments, if we qualify for the world cup and how much merchandise we can sell.
Which means we could end with the less than what we were getting before or we could end up with a big upside
Under the terms of sponsorship deals, the brand pays the clubs for the license to sell replica jerseys and other merchandise. The clubs usually receive a fixed fee, kit for the team, plus royalties of some 10-15 percent of the merchandise sold and performance bonuses if the team wins major trophies.
You tell me since it is the best deal.txj wrote:How much is the 4+4 deal?fabio wrote:"This four plus four deal is the best any African country has ever had with Nike," said Pinnick,txj wrote:
How much is the deal?
Cellular wrote:You tell me since it is the best deal.txj wrote:How much is the 4+4 deal?fabio wrote:"This four plus four deal is the best any African country has ever had with Nike," said Pinnick,txj wrote:
How much is the deal?
One thing I know is that Pinnick is not a contract specialist. He doesn't even know the right "Ask".
If the deal was that great why is he not publicizing the deal so that the actual "Experts" can gauge if it was a good deal or the "best deal" according to him.
When they hide these things it is because it stinks.
My broda Cellular... I tire for Nigerians O !!Cellular wrote:Jackal, you are the type of brother I will like with me when negotiating a contract.
Pinnick is a horrible negotiator. He has this inferiority complex when dealing with oyibos that mere talking to them is seen as an accomplishment.
The deal is said to be the "best in Africa" by the same set of clowns who are happy going to the World Cup to learn.
I would have shopped the deal around and gone for the best deal that will put us in the league of top footballing nations with a vast fan base. I will even use Nike's own numbers, the media buzz it generated at the World Cup, the stock "bounce" it got from our Jersey... yes, I will link that to the popularity of our Jersey. The fact they couldn't stock enough Jerseys.
I wouldn't be basing it on what others are currently earning. In Sports contracts especially in the US, you see NEW contracts eclipsing the contracts of previous stars... contracts are largely based on potential.
Dude is probably just happy to be kitted by Nike.
Naijarians are used to signing slave contracts that they don't even know what their value is. The same goes for players... just happy that someone wants them.
If the deal was that good he would have been announcing the true value of the deal and set a new benchmark. But it is shrouded in secrecy because he has yet again been screwed... Nike probably told him not to announce the real value. Either that or he doesn't want to announce the real value so that he can keep getting government money.
Hire a gaddam Contract Agent and let him go in there and ask for things you don't even know are on the table.
Metal, I hate to have to say this but not revealing any deal done with the NFF poses a great danger to NFF revenue. Unlike other Association where money transparency or the judicious use of it is not an issue, one cannot say that about the NFF. In any case, if the carrot of "the best African deal" is dangled before our very eyes, shouldn't one see the details rather than hiding behind non disclosure excuse?metalalloy wrote:pajimoh wrote:Pinnick has this annoying habit of trying to impose his own opinion on people before they get to make up their own minds.
The same thing he did after signing the first deal. He talked it down about our position. He was regurgitating all Nike's bargaining points rather than convincing Nike about our potential.
I'm still not sure if anyone knows the full details of the first contract.
He's already trying to get into peoples head about how good the contract is before revealing the details.
Just reveal the details and let people make up their own minds
Guy, abeg, you are one of the few people on here that has exhibited a capacity to think for yourself. Do not follow the empty barells echo chambers in making noise without any substance to back their positions up. I wrote up a response yesterday, but i did not want to do basic homework for the peacock above.
The first article stated that the NFF will reveal the exact details of the deal by the end of the year. The fact is that details of deals of this nature are generally not revealed and usually come out via leaks. Look at the following examples:
https://www.footyheadlines.com/2015/09/ ... -deal.html"Our ongoing contract with DFB runs until the end of 2018. Therefore it's actually too early to speculate about a renewal", commented Adidas spokesman Oliver Brüggen. "Adidas and Germany simply belong together. At Adidas, we generally don't comment on contract details."
https://www.theguardian.com/football/20 ... tball-teamIt is understood the deal is worth in the region of £400m – a baseline figure that could be added to significantly should performance-related bonuses be achieved.
https://www.footyheadlines.com/2016/12/ ... -deal.htmlThe new deal will ensure that the contract between Nike and the French federation will remain valid at least until the end of the 2026 World Cup. No details on the value of the new Nike France 2026 contract have emerged, but it can be expected to be close to initial deal which was worth €45m per year. FFF president Le Graët said that the federation was looking for an offer in the region of €50m in September.
https://www.footyheadlines.com/2017/10/ ... -deal.htmlNo financial details on the extended Nike Portugal kit deal were disclosed, but both parties voiced their content with the arrangement.
There are a ton more, i just do not have the time (nor the desire quite frankly) to list them all out. Just because the details are not broadcast on the pages does not mean it is a bad deal. With regards to the first deal, a significant amount of the details were reported. See below:
The Nigeria Football Football Federation has revealed that it would earn $3.75m (743m Naira) during its three-and-half-year partnership with Nike and a $500,000 (99m Naira) bonus if the Super Eagles qualify for the 2018 World Cup in Russia among other perks.
The contract is worth $750, 000 (148m Naira) in its first year and would rise to $1million (198m Naira) each year from 2016 till 2018.
After ending its previous 700,000 Euros-a-year contract (150m Naira) with German giants Adidas in December, the NFF has opted to go with Nike in a three-and-half-year deal which will see the American sportswear company supply kits from April 1, 2015, until at least 2018.https://www.goal.com/en-za/news/4622/af ... 743m-nairaThe NFF said the contract reached at The Soho Hotel, Richmond Mews, London last Thursday will improve in value to $1 million in the second year that is from 2016/17.
Aside, the year-by-year improved financial earnings, the NFF disclosed that various national teams will earn bonuses should they make it to any major international championships. While the Super Eagles could rake up to $500,000 if they qualify for the 2018 FIFA World Cup finals in Russia.
But of course the usual suspects will come out and just spout uninformed hot air as usual. You know better than that. The pure unadulterated fact is that the nike contract was an improvement from the adidas one from 700K to 750k at a minimum and came at a time where no one wanted to touch Nigeria with a 10 ft pole. We are now coming out of a nadir and with the interest shown in our jerseys from the last world cup, we should have had a bit more of a negotiating position. No one on these boards knows what level of interest from other parties not nike drew. None one on this board knows, so, until you have evidence to the contrary that Nike was the only person they talked to and that they didn't listen to other third party offers, Jackal and co, please do us all a favor and quit talking out of your rear ends.
Why don't you tell us first what you mean by "Purchasing power" ??txj wrote:How much is the deal?Cellular wrote:Jackal, you are the type of brother I will like with me when negotiating a contract.
Pinnick is a horrible negotiator. He has this inferiority complex when dealing with oyibos that mere talking to them is seen as an accomplishment.
The deal is said to be the "best in Africa" by the same set of clowns who are happy going to the World Cup to learn.
I would have shopped the deal around and gone for the best deal that will put us in the league of top footballing nations with a vast fan base. I will even use Nike's own numbers, the media buzz it generated at the World Cup, the stock "bounce" it got from our Jersey... yes, I will link that to the popularity of our Jersey. The fact they couldn't stock enough Jerseys.
I wouldn't be basing it on what others are currently earning. In Sports contracts especially in the US, you see NEW contracts eclipsing the contracts of previous stars... contracts are largely based on potential.
Dude is probably just happy to be kitted by Nike.
Naijarians are used to signing slave contracts that they don't even know what their value is. The same goes for players... just happy that someone wants them.
If the deal was that good he would have been announcing the true value of the deal and set a new benchmark. But it is shrouded in secrecy because he has yet again been screwed... Nike probably told him not to announce the real value. Either that or he doesn't want to announce the real value so that he can keep getting government money.
Hire a gaddam Contract Agent and let him go in there and ask for things you don't even know are on the table.
But this thread is premature. The news article announcing the deal states that the details of the deal will be revealed at the end of the year when the NFF "publishes their accounts." if at that time, the details are not released, or if the deal is truly a horrible one then they would deserve all criticism that follows. What is mind boggling is raising speculation based off imagined narratives and then criticizing it without any basis for the criticism!pajimoh wrote:
Metal, I hate to have to say this but not revealing any deal done with the NFF poses a great danger to NFF revenue. Unlike other Association where money transparency or the judicious use of it is not an issue, one cannot say that about the NFF. In any case, if the carrot of "the best African deal" is dangled before our very eyes, shouldn't one see the details rather than hiding behind non disclosure excuse?
Mental,metalalloy wrote:But this thread is premature. The news article announcing the deal states that the details of the deal will be revealed at the end of the year when the NFF "publishes their accounts." if at that time, the details are not released, or if the deal is truly a horrible one then they would deserve all criticism that follows. What is mind boggling is raising speculation based off imagined narratives and then criticizing it without any basis for the criticism!pajimoh wrote:
Metal, I hate to have to say this but not revealing any deal done with the NFF poses a great danger to NFF revenue. Unlike other Association where money transparency or the judicious use of it is not an issue, one cannot say that about the NFF. In any case, if the carrot of "the best African deal" is dangled before our very eyes, shouldn't one see the details rather than hiding behind non disclosure excuse?
It is such a great deal because he said so?txj wrote:Cellular wrote:You tell me since it is the best deal.txj wrote:How much is the 4+4 deal?fabio wrote:"This four plus four deal is the best any African country has ever had with Nike," said Pinnick,txj wrote:
How much is the deal?
One thing I know is that Pinnick is not a contract specialist. He doesn't even know the right "Ask".
If the deal was that great why is he not publicizing the deal so that the actual "Experts" can gauge if it was a good deal or the "best deal" according to him.
When they hide these things it is because it stinks.
I don't know what the deal is. And NEITHER DO YOU!
So how is it you can reach these conclusions without the slightest idea of the details of the contract?
If Pinnick is beating his chest about the deal he has secured, assuming it's all signed, sealed and delivered, then why wait until they publish their accounts?metalalloy wrote:But this thread is premature. The news article announcing the deal states that the details of the deal will be revealed at the end of the year when the NFF "publishes their accounts." if at that time, the details are not released, or if the deal is truly a horrible one then they would deserve all criticism that follows. What is mind boggling is raising speculation based off imagined narratives and then criticizing it without any basis for the criticism!pajimoh wrote:
Metal, I hate to have to say this but not revealing any deal done with the NFF poses a great danger to NFF revenue. Unlike other Association where money transparency or the judicious use of it is not an issue, one cannot say that about the NFF. In any case, if the carrot of "the best African deal" is dangled before our very eyes, shouldn't one see the details rather than hiding behind non disclosure excuse?
I have a job for you, go do it for one year and at the end of that year, i will tell you how much I am going to pay you !!
Thats what the NFA is saying, you shithead moron !!
Dude, they intentionally meant to be opaque about the deal and the terms.metalalloy wrote:But this thread is premature. The news article announcing the deal states that the details of the deal will be revealed at the end of the year when the NFF "publishes their accounts." if at that time, the details are not released, or if the deal is truly a horrible one then they would deserve all criticism that follows. What is mind boggling is raising speculation based off imagined narratives and then criticizing it without any basis for the criticism!pajimoh wrote:
Metal, I hate to have to say this but not revealing any deal done with the NFF poses a great danger to NFF revenue. Unlike other Association where money transparency or the judicious use of it is not an issue, one cannot say that about the NFF. In any case, if the carrot of "the best African deal" is dangled before our very eyes, shouldn't one see the details rather than hiding behind non disclosure excuse?
Cellular wrote:It is such a great deal because he said so?txj wrote:Cellular wrote:You tell me since it is the best deal.txj wrote:How much is the 4+4 deal?fabio wrote:"This four plus four deal is the best any African country has ever had with Nike," said Pinnick,txj wrote:
How much is the deal?
One thing I know is that Pinnick is not a contract specialist. He doesn't even know the right "Ask".
If the deal was that great why is he not publicizing the deal so that the actual "Experts" can gauge if it was a good deal or the "best deal" according to him.
When they hide these things it is because it stinks.
I don't know what the deal is. And NEITHER DO YOU!
So how is it you can reach these conclusions without the slightest idea of the details of the contract?
If it was such a great deal then he should publicize it so that we can determine for ourselves if it is a great deal.
You don't cover a pregnancy with your hands...
Some of you natives are so used to being exploited that you see it as being ungrateful if you ask for market rate.metalalloy wrote:I have a job for you, go do it for one year and at the end of that year, i will tell you how much I am going to pay you !!
Thats what the NFA is saying, you shithead moron !!
Bros sorry, my bad. I forgot that time works differently in Nigeria. How could i forget that a time period of 4 weeks is equal to one year in Nigeria. So by the end of December which is the latest date the NFF has promised to reveal its accounts, Nike would have performed for a 1year.
Yes. That is indeed what the NFA (sic) is saying.
You may in the end be proven right. But at this here moment, none of what you offer above is based on actual knowledge of the current deal.Cellular wrote:Dude, they intentionally meant to be opaque about the deal and the terms.metalalloy wrote:But this thread is premature. The news article announcing the deal states that the details of the deal will be revealed at the end of the year when the NFF "publishes their accounts." if at that time, the details are not released, or if the deal is truly a horrible one then they would deserve all criticism that follows. What is mind boggling is raising speculation based off imagined narratives and then criticizing it without any basis for the criticism!pajimoh wrote:
Metal, I hate to have to say this but not revealing any deal done with the NFF poses a great danger to NFF revenue. Unlike other Association where money transparency or the judicious use of it is not an issue, one cannot say that about the NFF. In any case, if the carrot of "the best African deal" is dangled before our very eyes, shouldn't one see the details rather than hiding behind non disclosure excuse?
Someone like Pinnick who likes tooting his own horn has a reason why he is being vague about the deal.
These people are savvy when it comes to designing new ways to siphon money.
He can't on his own go in negotiate a deal and come out and tell us it is the best deal. Says who? The guy who is not a professional negotiator? The guy who doesn't understand leverage? The guy who is happy and in love with all things foreign?
When they hide details, rest be assured that it stinks. Be it Air Naijaria or any other foolishness that these guys engage in.
BTW, NFF should not be in the business of negotiating such deals. They should hire professionals and pay them professional fees.
Now, let me repeat it S L O W L Y ...so you can get it.txj wrote:Cellular wrote:It is such a great deal because he said so?txj wrote:Cellular wrote:You tell me since it is the best deal.txj wrote:How much is the 4+4 deal?fabio wrote:"This four plus four deal is the best any African country has ever had with Nike," said Pinnick,txj wrote:
How much is the deal?
One thing I know is that Pinnick is not a contract specialist. He doesn't even know the right "Ask".
If the deal was that great why is he not publicizing the deal so that the actual "Experts" can gauge if it was a good deal or the "best deal" according to him.
When they hide these things it is because it stinks.
I don't know what the deal is. And NEITHER DO YOU!
So how is it you can reach these conclusions without the slightest idea of the details of the contract?
If it was such a great deal then he should publicize it so that we can determine for ourselves if it is a great deal.
You don't cover a pregnancy with your hands...
Let me repeat very slowly...I do NOT know if it is a great deal. I do not know if it is a POOR deal either!
And neither do you.
If this is a wrong conclusion on my part then please share the details of the deal, if you have it.
It seems presumptuous at the least to reach conclusions on something you do not know!
Who knows. There are two organizations involved, and just maybe there are certain internal requirements needed to be followed before everything is set in stone and the deal takes effect. Yet a major reason not to jump the gun and criticize the announced deal before the details are even revealed! I highlight the following:pajimoh wrote:If Pinnick is beating his chest about the deal he has secured, assuming it's all signed, sealed and delivered, then why wait until they publish their accounts?metalalloy wrote:But this thread is premature. The news article announcing the deal states that the details of the deal will be revealed at the end of the year when the NFF "publishes their accounts." if at that time, the details are not released, or if the deal is truly a horrible one then they would deserve all criticism that follows. What is mind boggling is raising speculation based off imagined narratives and then criticizing it without any basis for the criticism!pajimoh wrote:
Metal, I hate to have to say this but not revealing any deal done with the NFF poses a great danger to NFF revenue. Unlike other Association where money transparency or the judicious use of it is not an issue, one cannot say that about the NFF. In any case, if the carrot of "the best African deal" is dangled before our very eyes, shouldn't one see the details rather than hiding behind non disclosure excuse?
Most deals or sponsorship achieved by the NFF is broadcasted almost immediately.
I'm trying to understand the logic of having to wait for details unless it's not been formalised.
http://www.sportspromedia.com/news/nige ... -extensionThe financial terms of the agreement, which has been expanded to include Nigeria’s women’s team, have not been confirmed, but NFF president Amaju Pinnick described it as an “improved contract”.
Cellular wrote:Now, let me repeat it S L O W L Y ...so you can get it.txj wrote:Let me repeat very slowly...I do NOT know if it is a great deal. I do not know if it is a POOR deal either!
And neither do you.
If this is a wrong conclusion on my part then please share the details of the deal, if you have it.
It seems presumptuous at the least to reach conclusions on something you do not know!
If it was negotiated by Pinnick, it is a BAD deal!
And he is not in a position to tell us how great he is when he doesn't even understand what a good deal or a bad deal is.
No, dude. Not out of my derriere.txj wrote:You may in the end be proven right. But at this here moment, none of what you offer above is based on actual knowledge of the current deal.Cellular wrote:Dude, they intentionally meant to be opaque about the deal and the terms.metalalloy wrote:But this thread is premature. The news article announcing the deal states that the details of the deal will be revealed at the end of the year when the NFF "publishes their accounts." if at that time, the details are not released, or if the deal is truly a horrible one then they would deserve all criticism that follows. What is mind boggling is raising speculation based off imagined narratives and then criticizing it without any basis for the criticism!pajimoh wrote:
Metal, I hate to have to say this but not revealing any deal done with the NFF poses a great danger to NFF revenue. Unlike other Association where money transparency or the judicious use of it is not an issue, one cannot say that about the NFF. In any case, if the carrot of "the best African deal" is dangled before our very eyes, shouldn't one see the details rather than hiding behind non disclosure excuse?
Someone like Pinnick who likes tooting his own horn has a reason why he is being vague about the deal.
These people are savvy when it comes to designing new ways to siphon money.
He can't on his own go in negotiate a deal and come out and tell us it is the best deal. Says who? The guy who is not a professional negotiator? The guy who doesn't understand leverage? The guy who is happy and in love with all things foreign?
When they hide details, rest be assured that it stinks. Be it Air Naijaria or any other foolishness that these guys engage in.
BTW, NFF should not be in the business of negotiating such deals. They should hire professionals and pay them professional fees.
In effect, u are merely pulling this off your derriere!!!