Feel like Nike would give the fattest bonus for Gold out of every other sponsor. I remember people knew what the bonus was or an estimate of it back then for an Olympic Medal/Gold. I was just curious if this Gold would boost him into millionaire status with Nike. What does this mean financially for him.
Of all athletes whose contracts won’t be renewed at the end of the year (the end of the Olympic cycle) he’s one of the least likely for this to happen
Jakob had a 10 year contract and obviously Sha’Carri, Gabby Thomas, Kerr, Nuguse, and a few more are also obviously safe
In an interview coming out later today, Cole Hocker is quoted as saying that he is going to marry Parker Valby and run for president of the United States.
Sothisishow wrote:
Feel like Nike would give the fattest bonus for Gold out of every other sponsor. I remember people knew what the bonus was or an estimate of it back then for an Olympic Medal/Gold. I was just curious if this Gold would boost him into millionaire status with Nike. What does this mean financially for him.
Since he´s from the USA as well I think he reaches Jakob status pretty fast. I guess the only things Jakob has against him now is that he competes(and wins) in several events, and doesnt only make a figure during championship races. But that could change now, and him being from the US is sure to spike his popularity tenfolds.
For the love of god I hope it makes the man a millionaire. An American who's young and just on the olympic 1500 better f'ing get paid or nobody gets paid!
Sothisishow wrote:
Feel like Nike would give the fattest bonus for Gold out of every other sponsor. I remember people knew what the bonus was or an estimate of it back then for an Olympic Medal/Gold. I was just curious if this Gold would boost him into millionaire status with Nike. What does this mean financially for him.
Phill will order a new statue of Cole and get rid of the old one that's been sitting behind his desk the past 50 years.
Wouldn’t be surprised if his contract isn’t up yet since he only turned pro 3 years ago but he can definitely negotiate. I have to assume his contract is also pretty massive to begin with when he came in 6th in 2021 as a college sophomore.
Im wondering if Grant Fisher is up for renewal since he signed in 2019. He can also probably get a huge bump now too with 3 American records and a medal. And he said on a podcast he wants to fable with a half marathon this year or next as well.
I would assume Hocker was already a millionaire. This Gold and run up to LA '28 May put him well towards being a $10 millionaire. Hocker likes to race, we probably see him more now in DL races, and of course there are world championships.
He, Nuguse, Kessler, Waskom, Green and of course Jakob are not going anywhere - 1500m in US and worldwide very healthy.
Sothisishow wrote:
Feel like Nike would give the fattest bonus for Gold out of every other sponsor. I remember people knew what the bonus was or an estimate of it back then for an Olympic Medal/Gold. I was just curious if this Gold would boost him into millionaire status with Nike. What does this mean financially for him.
Billy Mills’ win in 1964 changed his life, so it’s not about money. Just being an Olympic champion is a big deal.
needs to cut his hair and work on his media skills
He’s the most boring champion, at least he’s America. And most likely clean.
He literally did not even smile during the medal ceremony. was weird man
I should hope so...a million dollars isn't exactly a lot of money anymore. Anyone who works a full time job and utilizes a 401k can easily become a millionaire. Decamillionaire really should be the new definition of rich.
I guarantee you he is a millionaire from this. I Imagine Centro's bonus was at least 1 million. I imagine Cole is on one of those bigger 100k+ salaries to begin so that with a million dollar incentive for olympic gold doesn't sound too crazy to me.
Not sure if they still do but Nike used to have a $1M rollover bonus for winning Olympic gold.
westsouthrunner wrote:
I guarantee you he is a millionaire from this. I Imagine Centro's bonus was at least 1 million. I imagine Cole is on one of those bigger 100k+ salaries to begin so that with a million dollar incentive for olympic gold doesn't sound too crazy to me.
I thought he got about $500-550k to go pro? He's not making $100k
In all seriousness, it would be shocking if he couldn't convert Olympic gold in one of the most anticipated events into at least 1 million somehow.
very crass to think he was only referring to the money.
for the rest of his life is an Olympic champion, his name with be brought up for decades and decades after he is done running. it's more than just the money.
Shower Fart wrote:
For the love of god I hope it makes the man a millionaire. An American who's young and just on the olympic 1500 better f'ing get paid or nobody gets paid!
It sucks that our best athlete is considered a major success to hit millionaire status and to a mediocre basketball player, this is chicken scratch.
Like millionaire net worth or million+ in a year of income?
If I had to guess the olympic gold bonus, I could see it being anywhere from $250k-$500k.
His contract situation is interesting, if he was on contract through end of this year then he'll be in position to sign a massive one for the next four years, especially since he just turned 23 and should be around this level through the next olympics when he's 27 before potentially having any decline. But if he was on a long term contract already beyond this year then it's kind of a bummer for him since he'd be locked in. But he can now get other endorsement deals and rake in some other money outside of Nike. His contract was already probably $200k-$350k per year assuming he signed it in 2021. So not a millionaire right now after only a few years on contract, but a year from now probably yes after cashing in from this the next several months.
It's makes him a legend in the event. Someone who will still be talked about decades from now regardless of what else he achieves.