Aug 13, 2010, 10:18 AM EDT
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.
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- Incredible 35-point performance from Deron Williams leads Nets to overtime Game 4 win over Hawks 8
- PBT Extra with NBASavant.com: Wizard’s defense peaking at right time 2
- Report: Chandler Parsons to have knee surgery, could require microfracture surgery 5
- Cavaliers’ J.R. Smith gets two-game suspension for shot to Jae Crowder’s head 38
- PBT Extra with NBASavant.com: Draymond Green helped hold Anthony Davis in relative check 6
- Cavaliers’ Kevin Love out for entire conference semifinals (likely vs. Bulls) 15
- PBT Extra with NBASavant.com: LeBron got his shots despite good Celtics defense 3