With a nod to the real Mr. Brown for tipping me off to this story, considering he has taken up an equal enjoyment of the elixir as me, David Wright will be making millions off of Vita Water.
Mets superstar slugger David Wright cracked a financial grand slam that could be worth as much as $20 million when Glaceau - the Queens company whose VitaminWater drinks he endorses - was acquired yesterday by Coca-Cola for $4.1 billion.
Wright obtained a small slice of the popular beverage company last year.
But instead of taking cash to endorse the company’s flavored water brands, the third baseman, who says he started drinking Glaceau’s juiced-up beverages in the minors, took a 0.5 percent ownership stake in the company.
From the sounds of this story, either David Wright’s a genius, or the person managing his finances is. Almost $20 million extra? That’s like a whole new contract for Wright. It more than takes care of his inability to file for free agency while the Mets hold his rights. At times like, all you can say is get that sheep outta here! And it makes you wonder if David Ortiz and Brian Urlacher made the same genius decision.
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This entry was posted on Tuesday, May 29th, 2007 and is filed under Sports Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
those guys are getting paid off the vitamin water.. 50Cent made $400mil from the sale reportedly http://tinyurl.com/23vfb4
No surprise…I love that stuff, can’t go without it.