Aug 13, 2010, 10:18 AM EST
Stephon Marbury — captain of industry.
That may be the sentence I least expected to write in this lifetime, but there you have it.
When Marbury re-signed with Shanxi Zhongyu in China for three years this summer, the deal came with a very interesting component — the team’s ownership agreed to create a company to produce Starbury brand products, plus open three retail locations to sell said products. Starbury is know for producing much more affordable shoes than the top of the line models, with prices ranging from $14.99 up to $49.00
The pending deal, if it goes through, would introduce a new way for Chinese teams to woo top talent from other countries to the Chinese Basketball Association, which caps salaries for foreign players at less than $60,000 a month–far below the many millions high-profile National Basketball Association players make in the U.S. each year…
“Working on a market that is so huge and so phenomenal … could be unbelievable,” Mr. Marbury said. There’s “real movement in China,” he said.
The athletic shoe market in China could reach $6 billion. That is why Kobe Bryant is over there every summer and has a charitable foundation just for China. It is why Kevin Garnett went there a few weeks back. It’s why LeBron James needs a title or two to boost his image there.
But Marbury may have outfoxed them all.
- Brandon Jennings leaves game in wheelchair, may have torn Achilles 3
- LaMarcus Aldridge decides to delay surgery, will return for Blazers Saturday vs. Wizards 7
- WATCH: Kobe Bryant’s doctor explains diagnosis to him following exam of injured shoulder 9
- Report: Cavaliers players say they ‘had lost faith’ due to lack of depth and roster construction 44
- Kobe Bryant will be back next season, he can’t resist the challenge 20
- Klay Thompson sets NBA record with 37 point quarter (VIDEO) 36
- If injury is serious, it would go against history for Kobe to be productive again 16
- Sixers’ leading scorer Tony Wroten suffers partially torn ACL, likely done for season 12