• 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
Chef Niko Romito on Precision, Lightness, and Italian Cuisine Today

Chef Niko Romito on Precision, Lightness, and Italian Cuisine Today

March 24, 2026
Han Kjøbenhavn

Han Kjøbenhavn Pre-Fall 2026 Collection Channels Football Culture

March 24, 2026
Salomon Introduces ACS Pro Shell for Summer 2026

Salomon Introduces ACS Pro Shell for Summer 2026

March 24, 2026
Haoyue Zhao Reimagines Cultural Resistance Through Fashion

Haoyue Zhao Reimagines Cultural Resistance Through Fashion

March 24, 2026
Margot Robbie Fronts CHANEL 25 Bag Campaign

Margot Robbie Fronts CHANEL 25 Bag Campaign

March 23, 2026
Botanical Gardens

The Best Botanical Gardens in Italy

March 23, 2026
Spring 2026 Must-Have Accessories

Spring 2026 Must-Have Accessories

March 23, 2026
BTS SONGZIO

BTS Return to Stage Wearing Custom SONGZIO Looks

March 23, 2026
ic! berlin Turns 30 with Sven Marquardt Fronting “I See Berlin”

ic! berlin Turns 30 with Sven Marquardt Fronting “I See Berlin”

March 23, 2026
Everyone Said Disney Would Ruin Star Wars, They Were Wrong

Everyone Said Disney Would Ruin Star Wars, They Were Wrong

March 21, 2026
SUKEBAN: Girls Gone Violent

SUKEBAN: Girls Gone Violent

March 20, 2026
Last Minute Edits for Women’s Month Gifting

Last Minute Edits for Women’s Month Gifting

March 20, 2026
DSCENE
  • LATEST
  • FASHION
    • Ad Campaigns
    • Collections
      • Fall Winter 2026.27 Womenswear
      • Fall Winter 2026.27 Menswear
      • Pre-Fall 2026
      • Spring Summer 2026 Womenswear
      • Spring Summer 2026 Menswear
      • Fall Winter 2025.26 Womenswear
      • Fall Winter 2025.26 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
      • Fall Winter 2026.27 Womenswear
      • Fall Winter 2026.27 Menswear
      • Pre-Fall 2026
      • Spring Summer 2026 Womenswear
      • Spring Summer 2026 Menswear
      • Fall Winter 2025.26 Womenswear
      • Fall Winter 2025.26 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

Nike and Beats Launch Powerbeats Pro 2 with LeBron James
Ad Campaigns

Nike and Beats Launch Powerbeats Pro 2 with LeBron James

March 20, 2026
adidas Originals and Thug Club Return with a New Collection
Ad Campaigns

adidas Originals and Thug Club Return with a New Collection

March 19, 2026
Nike Revives the 1979 Sprint Sister With a Low-Profile Design
Nike

Nike Revives the 1979 Sprint Sister With a Low-Profile Design

March 18, 2026
Fear of God Vanson Leathers
Fear of God

Fear of God and Vanson Leathers Present Hooded Bomber

March 17, 2026

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
      • Fall Winter 2026.27 Womenswear
      • Fall Winter 2026.27 Menswear
      • Pre-Fall 2026
      • Spring Summer 2026 Womenswear
      • Spring Summer 2026 Menswear
      • Fall Winter 2025.26 Womenswear
      • Fall Winter 2025.26 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.