Ian ConstantineBeckham Moves to LA
January 12th 2007 08:27
Over the five years became will at the Galaxy, Beckham stands to make over $275-millon.[The break down of this is as follows:
Annual $10-million salary.
$25-millon from existing sponsorship deals with Motorola, Pepsi, Gillette and Volkswagen.
$10-millon from shirt sales.
$10-millon return from stakes in the club.
This means that Beckham will receive around $55-million a year, equating to $275-million over the five years of the deal. This figure could increase if Beckham receives a pay rise from any of the parties involved.
What effect the move will have on American soccer remains to be seen, but many US clubs reported an increase of season ticket sales after Beckham's signing was announced. For example, in the hours following Beckham's signing, the Galaxy enjoyed a surge of over 1,000 season tickets being sold for 2007, despite the fact he likely would not be playing for the club until August.
Many of the English tabloids criticised Beckham for purely signing for the money, with both The Mirror and The Sun running headlines of "Posh and Bucks", although Beckham denies he is moving for the money.
Will the move raise the status of the game in the US?
*This article is licensed under the GNU Free Documentation Licence. It uses material from the Wikipedia article David Beckham Los Angeles Galaxy contract.
**This image is licenced under the licensed under Creative Commons Attribution 2.0 License. It came from the same Wikipedia page as above.
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