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Sports Business, David Wright, VitaminWater

David Wright’s Going to Make Millions off of Vita Water

May 29, 2007 by Larry Brown • Comments
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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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