As she dominates the Olympics, Simone Biles is demonstrating once more why she is one of the greatest athletes of all time. This follows depressive episodes and difficulties during the Olympics in Tokoyo. She answered like a real victor.
Biles has taken additional audacious actions behind the scenes. One of them was to come back to Nike after having left for Athleta. Nike correctly agreed to a five-year contract with Olympian Monica Biles just before the 2023 Olympics.
Given her divergent interests, it appeared as though Biles would not make a repeat visit. Let’s review why Biles left Nike for Athleta in the first place and discuss her pay scale with the huge company.
Simone Biles Left Nike for Athleta Due to Alignment With Athleta’s Values and Vision
Simone Biles took the brave decision to leave Nike after a six-year collaboration. Not many people have done this before. Tiger Woods, who just launched his own brand, Sun Day Red, in place of Nike, is one recent example.
Regarding Biles, she was interested in Athleta, a firm that catered to women at the time. Compared to Nike, Biles felt that the brand supported her more.
It seemed to me that it was more important to them what I stood for and how they would support me in using my voice to speak up for girls and young people than it was about my accomplishments. It’s so nice to feel that people support me not only as an athlete but also as a person outside of the gym and the change I want to see in the world.”
“Now that I’m older and have spent some time in the world, I see and I know and I learn and I grow from things,” she went on. “I think that Athleta stands for everything that I stand for,” she said.
Allyson the runner At that time, Felix had also moved from Nike to Athleta. Felix felt that Nike had penalized her for her performance throughout her pregnancy, therefore she spoke out more about her departure.
Regardless of Biles’s previous emotions, it appears like she is back with Nike. Simone Biles signed a five-year contract with Nike, according to a Forbes story just before the Olympics. Because it was taking place right before the Olympic Games, timing was crucial. What then changed?
Simone Biles’ Contract Details Are Unknown, but She Earns $7m Annually From Endorsements
Currently valued at $20 million, Simone Biles’s net worth is expected to soar by the end of 2024 due to her success in the Olympics and the steady stream of sponsorship deals that she receives. Her Nike contract’s terms were not made public.
Nonetheless, according to Forbes, Biles earns more than $7 million year from sponsorship deals, making her one of the highest-paid female athletes globally. We presume that Nike provides a significant portion of that.
Biles expanded her legendary legacy just now. At the Paris Games, the 27-year-old won three gold medals and one silver.
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