• Loading stock data...
Thursday, October 3, 2024
The Best Employers in Sports survey is now open! Take the survey

Jaylen Brown Says He Turned Down $50 Million to Start His Own Shoe Company

  • The Celtic star had been a sneaker free agent for a few years.
  • He previously wore Adidas shoes until the deal expired in 2021.
Sep 24, 2024; Boston, MA, USA; Boston Celtics guard Jaylen Brown (7) during media day at Auerbach Center.
David Butler II-Imagn Images

It will likely go down as the most expensive pass of Jaylen Brown’s career. 

The Celtics star is launching his own sneaker brand, called 741, which will start selling products Oct. 22. That’s also the first day of the NBA season when Brown, the Finals MVP, starts the team’s title defense against the Knicks. 

Brown “turned down over $50 million in endorsement deals from other major sneaker companies to pursue full ownership and creative control of his own brand,” according to the company’s press release. 

The company’s name comes from the significance of its numbers, according to its website. The seven is for spiritual awakening, wisdom, and understanding; the four is for hard work, stability, and practicality; and the one symbolizes new beginnings, creativity, and independence. Brown has worn No. 7 throughout his career with the Celtics.

Adult sizes for the Rover, Brown’s debut shoe for 741, are available for preorder on the website for $200 (which are comparable with other big brands), while kids sizes are $70. 

The 6-foot-7 wing can afford to leave $50 million on the table because he has one of the richest contracts in the NBA. In 2023, Brown signed a contract extension for five years and $304 million, which was an NBA record until his teammate, Jayson Tatum, topped it this past summer with a five-year deal for $315 million. 

Before starting 741, Brown had been a sneaker free agent since his initial five-year deal with Adidas expired in 2021. The 27-year-old has taken some unique business approaches before. When Brown was drafted third overall in the 2016 draft, he turned professional without an agent and decided to use the players’ union, the National Basketball Players Association, for guidance on negotiating his contract. Given he went on to sign a historic contract, it clearly didn’t hurt him. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NBA Renews Push to Dismiss TNT Sports Media-Rights Lawsuit

The NBA cited a 51-year-old case involving the league itself.
Michael Jordan

Michael Jordan Sues NASCAR: ‘Monopolistic Bullies’

“The France family and NASCAR are monopolistic bullies,” the teams say.

Nike CFO Says ‘Adversity Creates Sharper Focus’

Amid a downbeat but expected set of earnings, Nike says it sees signs of optimism.
podcast thumbnail mobile
Front Office Sports Today

Domantas Sabonis on Life Behind Scenes of NBA Stars

0:00

Featured Today

The Cal mascot, Oski

How the Calgorithm Turned College Football Twitter Into Real Life

“College GameDay” makes its first trip to Berkeley on Saturday.
Apr 8, 2022; Philadelphia, Pennsylvania, USA; The cleats of Philadelphia Phillies right fielder Bryce Harper (3) as he runs the bases against the Oakland Athletics during the seventh inning at Citizens Bank Park.
October 1, 2024

MLB Players Are Clamoring for Swag. Outfitting Them Is Big Business

Sliding mitts, cleats, and belts are fun, flashy, and lucrative.
Sep 25, 2024; Los Angeles, California, USA; San Diego Padres right fielder Fernando Tatis Jr. (23) celebrates after hitting a solo home run in the fifth inning against the Los Angeles Dodgers at Dodger Stadium.
September 30, 2024

The Padres’ Future Is on the Line This Postseason

The MLB playoffs could determine the team’s path forward.
Aug 3, 2024; East Rutherford, NJ, USA; Barcelona midfielder Pau Victor (8) celebrates his goal with teammates during the second half of an international friendly against Real Madrid at MetLife Stadium. V
September 29, 2024

FC Barcelona’s Overspending Triggered a Crisis. Has It Tightened Its Belt Enough?

The club is betting on their middle-road strategy to dig out.
Sep 30, 2024; El Segundo, CA, USA; The Nike shoes worn by Los Angeles Lakers guard Bronny James during media day at the UCLA Health Training Center.

Nike Avoids Surprise With Expected 10% Sales Dip

New Nike CEO Elliott Hill starts his role Oct. 14.
Foot Locker store
September 25, 2024

SEC Charges Former Foot Locker Executive With Insider Trading

The former employee netted more than $110,000 by shorting company stock.
Sponsored

Trend Report: Chiefs-Chargers, Tobacco Road Rivalry, Nebraska Sellout Streak

According to data from TickPick, some games this week will prove to be wallet-busters, climbing into the four figures.
A view of a Nike retail store in New York City.
September 20, 2024

Nike Stock Surges After CEO Change

Investors push the company stock up 7% after the executive switch.
September 19, 2024

Nike Replacing Embattled CEO John Donahoe

Donahoe’s rocky tenure as the CEO of Nike will end this fall.
September 5, 2024

Why Steph Curry Doesn’t Follow the NBA’s Unwritten Sneaker Code

The Warriors star has no problem with De’Aaron Fox wearing his shoes against him.
September 4, 2024

Under Armour Sells MapMyFitness Back to Founders 11 Years Later

The founders sold the tracking app to the apparel giant in 2013.