Four years ago, Michael Vick was one of the most hated men in America after he pleaded guilty to federal charges of dogfighting. But after serving his time, NIKE is ready to offer him some redemption and has resigned him as a spokesman.
Get the deets inside and find out about the big shake-up at the LA Lakers that may ship Shannon Brown and wife Monica out of Los Angeles.
Has America forgiven Michael Vick for being convicted of dogfighting? According to sports giant NIKE, just maybe....
NIKE is back in business with Michael Vick after abruptly dropping him from their lineup after his doggie bustup with the feds.
Mike's agent Joe Segal released a statement saying,
“Mike has had a great relationship with Nike and is excited to be part of the Nike team again.”
Vick’s longtime agent Joel Segal told CNBC that “Michael is excited to have a long-term and strong relationship with Nike.”
The deal was done by Chicago-based attorney Andrew Stroth.
NIKE spokesman Derek Kent also had this to say,
“Michael acknowledges his past mistakes. We do not condone those actions, but we support the positive changes he has made to better himself off the field.”
It's nice to see the advertising world giving Michael a second chance at making more money than most of us will ever see. THIS is how you make a comeback.
In other news:
Shannon Brown has opted out of the final year of his contract with the LA Lakers, making him a free agent.
But Lakers fans should not put those old jerseys on Ebay just yet, as Shannon opted out of his last contract but then resigned to the LA Laker a few years ago. So maybe its a tactic for more money....or time on the court.
In a statement, Shannon recently said
"I haven't ruled out the Lakers," said Brown. "I don't know if they will rule me out. I'm staying open."
So I guess his free agent status isn't cut and dry....we will see how this plays out. Monica better get in all the dinners with her new besties the Kardashian-Odoms that she can....
eBay owned PayPal has been making some interesting acquisitions over the past few months that clearly show the direction of the company in capturing payments flow from digital goods, and physical products at a local level. The company bought local payments and advertising company Where for over $100 million in April, snapped up mobile payments company Fig Card and most recently shelled out $240 million for mobile payments company Zong. The payments giant is clearly serious about mobile and local payments and is buying its way into commanding the space. In terms of future strategy, PayPal believes that by 2015 digital currency will be accepted everywhere in the U.S., from local businesses to large chains.
Of course, this ambitious goal is easier said than done. Considering that PayPal is a digital product and doesn’t have built in reach to local businesses with point of sale systems, scaling to the local level is going to take a significant amount of work. We were able to chat with Sam Shrauger, VP of global product and strategy for PayPal about the company’s future strategy to dominate the ‘digital wallet.’
Shrauger tells us that PayPal’s plan is less about making the wallet digital and more about letting people take advantage of technology to use money better. As for making this a reality, Shrauger says that letting people use PayPal in the physical world is critical for the payments technology.
He explains that innovating in the payments space in the physical world is about giving customers mor options to pay, as opposed to offering a single technology. PayPal wants to add more ways your money can work for you, beyond just the payment itself. As for what that means, Shrauger declined the reveal the company’s plans but did say that PayPal would be launching new products later this year dealing with this issue.
There are two advantates PayPal has in its favor. First, the company now has over 100 million active users, which is impressive. And second, the company’s userbase is increasingly using mobile devices to pay for products. PayPal recently announced that it was upping the estimates of the amount of mobile payments transactions using the technology this year; doubling the estimate to $3 billion in mobile total payments volume (TPV) in 2011.
Payments in the physical world is going to be a big step for PayPal and I’m very curious how the company is planning to use its technology in this expansion. For Google, NFC and mobile phones are part of the gateway for payments in local, with the launch of Google Wallet. For Square, small businesses popularity and ease of use have been helping the mobile payments startup grow like crazy.
It’s not the first time I’ve pointed out that PayPal has an ambitious plan on its hands by becoming the digital wallet. And it should be interesting to see what killer technology the company has up its sleeve later this year.
Check out this video below in which PayPal President Scott Thompson challenges his employees to use only digital currency to pay for all of their purchases.
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