• Latest
Magic Johnson Walked Away from Billions by Choosing Converse over Nike

Magic Johnson Walked Away from Billions by Choosing Converse over Nike

April 27, 2022
Air Max RK61

Nike and Air Afrique Introduce the Air Max RK61

September 18, 2025
Mia Goth

Dior Names Mia Goth as New Global Ambassador

September 18, 2025
CHANEL

Lulu Tenney Models CHANEL Fall Winter 2025.26 Collection

September 18, 2025
SHAO Unveils Chrome Legacy for Spring Summer 2026

SHAO Unveils Chrome Legacy for Spring Summer 2026

September 18, 2025
Nike x Tomo Koizumi

Nike x Tomo Koizumi Unveil Colorful Air Superfly Design

September 18, 2025
Pamella Roland Channels American Modernism for SS26

Pamella Roland Channels American Modernism for SS26

September 18, 2025
Apple Expands with iPhone 17 Series, Air Debut, and Full Accessories Range

Apple Expands with iPhone 17 Series, Air Debut, and Full Accessories Range

September 18, 2025
Chef Wear

How Professional Chef Wear Reflects Your Restaurant’s Brand

September 18, 2025
Cucculelli Shaheen

Exclusive: Cucculelli Shaheen Share the Inspirations Behind Flaming Hearts

September 18, 2025
Willy Chavarria Expands Accessories Line with Leather W Tote

Willy Chavarria Expands Accessories Line with Leather W Tote

September 18, 2025
Courrèges Fall Winter 2025 Campaign Starring Mica Arganaraz

Courrèges Fall Winter 2025 Campaign Starring Mica Arganaraz

September 18, 2025
Marrakech Inspires Vivid Colors in Saint Laurent Winter 2025

Marrakech Inspires Vivid Colors in Saint Laurent Winter 2025

September 18, 2025
DSCENE
  • LATEST
  • FASHION
    • Ad Campaigns
    • Collections
      • Spring Summer 2026 Womenswear
      • Spring Summer 2026 Menswear
      • Fall Winter 2025.26 Womenswear
      • Fall Winter 2025.26 Menswear
      • Pre-Fall 2025 Collections
      • Spring Summer 2025 Womenswear
      • Spring Summer 2025 Menswear
      • Couture Collections
      • Bridal Collections
      • Capsule Collections
    • Jewelry
    • Lookbooks
    • Street Style
    • Backstage
    • Directory
      • Agencies
        • Creative Talent Agencies
        • Modelling Agencies
      • Brands
      • Photographers
      • Fashion Stylists
      • Hair Stylists
      • Makeup Artists
      • Female Models
      • Male Models
  • SNEAKERS
  • MAGAZINES
    • DSCENE Magazine
    • MMSCENE Magazine
    • EDITORIALS
  • EXCLUSIVE
    • Interviews
    • Exclusive
  • TRAVEL
    • Hotels
    • Restaurants
  • ART
    • Art
    • Design
      • Furniture
    • Architecture
      • Interior Design
  • SHOP
    • ABOUT
No Result
View All Result
DSCENE
  • LATEST
  • FASHION
    • Ad Campaigns
    • Collections
      • Spring Summer 2026 Womenswear
      • Spring Summer 2026 Menswear
      • Fall Winter 2025.26 Womenswear
      • Fall Winter 2025.26 Menswear
      • Pre-Fall 2025 Collections
      • Spring Summer 2025 Womenswear
      • Spring Summer 2025 Menswear
      • Couture Collections
      • Bridal Collections
      • Capsule Collections
    • Jewelry
    • Lookbooks
    • Street Style
    • Backstage
    • Directory
      • Agencies
        • Creative Talent Agencies
        • Modelling Agencies
      • Brands
      • Photographers
      • Fashion Stylists
      • Hair Stylists
      • Makeup Artists
      • Female Models
      • Male Models
  • SNEAKERS
  • MAGAZINES
    • DSCENE Magazine
    • MMSCENE Magazine
    • EDITORIALS
  • EXCLUSIVE
    • Interviews
    • Exclusive
  • TRAVEL
    • Hotels
    • Restaurants
  • ART
    • Art
    • Design
      • Furniture
    • Architecture
      • Interior Design
  • SHOP
    • ABOUT
No Result
View All Result
DSCENE
No Result
View All Result

Magic Johnson Walked Away from Billions by Choosing Converse over Nike

April 27, 2022
in Nike, Sportswear
0
Share on FacebookShare on Twitter
@magicjohnson

In the world of professional sport, we can often see sport manufacturers battling to achieve deals with athlethes that are ideal for their brands. Surely, the biggest deals are the one worth buzzing about. Everyone is curious to know how much money will the collaboration bring, what kind of sportswear will the athlethe wear and more. One of the most interesting stories in the early 80s was the choice of basketball player Earvin Magic Johnson. The situation that occured was best described by the sixth episode of the HBO series ‘Winning Time’ that captured the professional and personal life of the 1980s Los Angeles Lakers, one of the best and most respected sports dynasties, a team that marked its time both on and off the field. During Los Angeles Lakers key season, Magic was surrounded by sports equipment manufacturers. Especially sneakers manufacturers. Among those who approached him were Converse and Nike. Converse offered money – $100,000. Nike had a more interesting offer. Founder Phil Knight offered him one dollar per sold sneaker as well as shares of the then young company. Magic chose Converse. What the series emphasizes is that Nike shares were worth $0.18 then, today they are worth about $134. Now, the property of the famous basketball player would be worth $5.2 billion. Johnson often stated that he made a huge mistake by choosing Converse, that he was young and had no idea what shares are. Johnson left the contract with Converse only 12 years later, explaining that he was never happy with that contract and that company.

SNEAKERS

Both companies are well known for their innovative basketball shoe design and the variety of choices when it comes to the styles. DSCENE team prepared a brief history of these brand’s basketball designs and where can you find the best pieces:  

©Flight Club

The company that produced the first All Star sneaker in 1917 was called the Converse Rubber Shoe Company. Before the first sneakers, the same company produced men’s rubber shoes. As you know, the shoes have the signature of a certain Chuck Taylor. He was a basketball player, but not popular and world-renowned, but a basketball lover, and at the same time a seller, a traveling salesman, of these sneakers. He managed to sell them to a number of basketball high schools and student teams. The company rewarded him by putting his signature on the sneaker. That happened in 1923, and his signature is still here today. The high top sneakers ruled the scene untill 1957 when low top sneakers made their debut. The basketball shoes gained popularity quickly when two basketball stars Magic Johnson and Larry Bird debuted Converse Weapon on court. It didn’t take long before most of the players wore the All Stars on and off the court. The Weapon was a bulky high-top leather sneaker that represented Converse’s latest evolution in the basketball sneaker space. The style was later worn by the greats like Isaiah Thomas, Kevin McHale, Mark Aguirre, and Bernard King. Whether you’re looking for a basketball shoe or a lifestyle piece, Converse is always a good pick. Find a wide selection of Converse sneakers here.

©GOAT

After years of Converse domination on the basketball court, Nike stepped up in 1984 and unveiled the Air Jordan 1 basketball shoe. The shoe was designed by Peter Moore for a young Michael Jordan. The iconic silhouette became so famous that everyone wanted a pair of their own Jordans. Off the basketball court, this iconic silhouette found it’s place in every style movement, making it more than just a basketball shoe. Besides Jordans, Nike releases multiple basketaball shoes made in collaboration with famous players like LeBron James, Kyrie Irving, Kobe Bryant and more. Shop Nike sneakers at GOAT.

Tags: sneakers
admin

admin

Related Posts

Air Max RK61
Nike

Nike and Air Afrique Introduce the Air Max RK61

September 18, 2025
Nike x Tomo Koizumi
Nike

Nike x Tomo Koizumi Unveil Colorful Air Superfly Design

September 18, 2025
Supreme Drops New Nike Air Force 1 Low in Two Colorways
Nike

Supreme Drops New Nike Air Force 1 Low in Two Colorways

September 17, 2025
NIGO x Levi’s x Nike Air Force 3 Low Drops in Two Editions
Nike

NIGO x Levi’s x Nike Air Force 3 Low Drops in Two Editions

September 16, 2025

dscene

Subscribe To Our Newsletter

DSCENE

DSCENE is curated as a daily art, design, fashion & lifestyle destination. DSCENE is non-for-profit fashion and culture basis organization which aims at further development of research on DSCENE values, as well as on providing educational services. Home of magazine editions DSCENE and MMSCENE – Click for more about DSCENE and for our Terms of Service.

Subscribe Our Newsletter

© 2024 DSCENE Publishing. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • LATEST
  • FASHION
    • Ad Campaigns
    • Collections
      • Spring Summer 2026 Womenswear
      • Spring Summer 2026 Menswear
      • Fall Winter 2025.26 Womenswear
      • Fall Winter 2025.26 Menswear
      • Pre-Fall 2025 Collections
      • Spring Summer 2025 Womenswear
      • Spring Summer 2025 Menswear
      • Couture Collections
      • Bridal Collections
      • Capsule Collections
    • Jewelry
    • Lookbooks
    • Street Style
    • Backstage
    • Directory
      • Agencies
      • Brands
      • Photographers
      • Fashion Stylists
      • Hair Stylists
      • Makeup Artists
      • Female Models
      • Male Models
  • SNEAKERS
  • MAGAZINES
    • DSCENE Magazine
    • MMSCENE Magazine
    • EDITORIALS
  • EXCLUSIVE
    • Interviews
    • Exclusive
  • TRAVEL
    • Hotels
    • Restaurants
  • ART
    • Art
    • Design
      • Furniture
    • Architecture
      • Interior Design
  • SHOP
    • ABOUT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.