After Bai Yu returned to the track and field team's dormitory, he unexpectedly met someone there.
"Shuangzi? What are you doing here, kid? And why are you here at the track and field team's place? What brings you here?"
Bai Yu looked at Li Shuang standing at the door and asked in surprise.
Li Shuang actually came all the way from Sanya, and without telling him at all. He just came so suddenly that Bai Yu instinctively thought that he had something important to tell him.
"Don't be nervous, Brother Yu. I'm not here for anything important. I'm just here to help you review the contract before signing it. I'll go back after that."
Li Shuang briefly explained his purpose for coming, and also helped Bai Yu carry a few pieces of luggage. He then followed Bai Yu and Wang Hai towards the dormitory area.
"Sign a contract? What contract? Did you bring me a contract all the way from Sanya?"
“Brother Yu, what kind of contract did I bring from Sanya? The contract I mentioned helping you sign was an endorsement contract. Brother Yu, don’t forget, you won three gold medals this time, and you’ve won two consecutive Olympic gold medals, a double Grand Slam!”
In this situation, wouldn't you get a lot of offers to endorse products?
Even before you returned to China, our company had already received numerous calls from people wanting to collaborate with you.
However, the brands that came to us were a mixed bag, and many of them had bad records. The general manager was worried that I might be misled, so he sent me here.
The mere mention of the general manager filled Bai Yu with exasperation. Their company's general manager was Li Xue...
Seeing that Li Shuang was sent by Li Xue, what could Bai Yu say? She could only agree.
However, he didn't seem to care much about Li Shuang's claim that many brands wanted to collaborate with him.
After all, Bai Yu has her own limits when it comes to endorsements. She doesn't accept just any endorsement, nor does she accept too many at once.
However, there are times when Bai Yu doesn't want to do something, but he can't do it.
For example, in the following days, while Bai Yu was running around to various events and announcements, the team also screened out a large number of brand partners for him.
It's important to know that Bai Yu is currently a member of the track and field team. Some brands, when they can't reach Bai Yu, will contact the team and try to sign her through a contract with the team.
However, Bai Yu is not an ordinary athlete, and he also has powerful backers within the team. Therefore, it is impossible to sign Bai Yu by signing him with the track and field team.
However, even though this approach didn't work, his backers made some compromises, namely, they selected some brands from the track and field team's shortlist and signed contracts with them.
After all, the team needs to make money; it needs money to operate and to cultivate more outstanding players.
As for how to make money, it's naturally through established players like Bai Yu. Whether they participate in events or sign endorsements, their teams receive a share of the profits.
Bai Yu's treatment is already quite good. He has an option, while other athletes don't even have that opportunity. They have to sign with whatever brand the leaders tell them to, and they are not allowed to sign contracts privately.
In particular, it is not allowed for athletes to privately sign contracts with brands that compete with the team's sponsors; if this happens, the athlete will be blacklisted and expelled.
Before Bai Yu, there were many talented athletes who were suppressed and buried because of this connection.
As for Bai Yu, he was quite lucky. He happened to be in a period when the track and field team was facing a talent shortage and no one had been carrying the flag for a long time, and then he emerged.
In addition, he himself is not lacking in fame and fortune, and he donated all his money. Moreover, the department he donated to was quite intimidating, which made some leaders hesitant to mess with Bai Yu.
But this time is different. The amount of attention Bai Yu has generated is extremely high, and the interests involved are also quite staggering.
Take endorsements as an example. If Bai Yu were to sign an exclusive endorsement contract with a brand, the annual fee would start at least at 60 million yuan.
The term "exclusive endorsement" here doesn't mean Bai Yu can only accept this one endorsement; it simply means she can only accept this one endorsement within the same product category, and not other categories.
This is still the lowest price. The highest offer came from sports brands, both domestic and foreign. Any brand with some money was vying for the track and field team's attention, inquiring about signing Bai Yu.
The prices these brands set are generally over 100 million, and previously the minimum was two years.
With an endorsement fee of 100 million yuan per year, even if the team's commission rate with Bai Yu is not high, only 30/70, it would still amount to tens of millions of yuan over two years.
This is an astronomical sum for a track and field team that is always short of money.
Especially since this is just one example; there are dozens of similar collaborations, with countless brands wanting to sign with Bai Yu.
Because of this, Li Shuang, who Bai Yu originally thought would be very free, suddenly became busy. As Bai Yu's representative, he began to negotiate with the track and field team and various brands.
After all, Bai Yu doesn't sign just any contract or endorse any brand.
Since it's an endorsement deal, both parties need to be prepared. During the endorsement period, the endorser cannot do anything that damages their image, and the brand must do the same. Only in this way can it be fair and just.
In just a few days, Bai Yu signed ten endorsement contracts, with a total value exceeding 1.5 billion.
That amount is terrifying, and these contracts are basically for two years. During these two years, Bai Yu hardly has to do anything else except cooperate in shooting some promotional advertisements and participating in some activities.
As long as he maintains a good image over the next two years, he can steadily pocket these endorsement fees.
Even after deducting the team's share and paying taxes, he could still earn hundreds of millions.
In addition, he also has a lifetime contract, which is the contract he signed with Anta.
This contract was agreed upon a long time ago, but it was officially signed after the conclusion of this Olympic Games.
It can be said that through this Olympics, Bai Yu truly gained both fame and fortune, earning an astonishing amount.
Moreover, the ten brands he has signed with so far are not all of them. According to Li Shuang, there may be several more brands that he needs to sign with later.
In addition to these contracts signed on an annual basis, there are also contracts signed on a quarterly basis, which are mainly aimed at making quick money.
In any case, during the twenty days after Bai Yu returned to China, he was so busy that he barely had time to breathe.
Every day, I'm either participating in various programs, giving interviews, attending events, shooting commercials, or filming promotional videos.
Apart from the eight hours of normal rest each day, he worked for the remaining sixteen hours, even eating his meals in the car.
After finishing her business here, Bai Yu went to Hong Kong with the delegation and had a friendly exchange with Hong Kong on behalf of the delegation.
Back in Hong Kong, Bai Yu even met with the Chief Executive and had a brief exchange with him.
It was a very brief exchange, just a few words. The other person praised Bai Yu a few times, and Bai Yu smiled and accepted it. That was it.
As for other things, like being nervous or not, those are completely irrelevant.
After all, before coming to Hong Kong, Bai Yu had been received by other leaders in the capital, and those leaders were much more powerful than those in Hong Kong. Bai Yu wasn't nervous under those circumstances, so why would he be nervous now?
Besides, this isn't the first time something like this has happened. As the saying goes, practice makes perfect.
Bai Yu was having a blast in Hong Kong, spending her days either wandering around various venues or watching all sorts of performances.
As the saying goes, practice makes perfect. Bai Yu from Hong Kong has been here twice already, and he has quite a few acquaintances and friends here.
Moreover, Bai Yu has a very good personality. While she wouldn't say she's overly outgoing, she's not shy at all and treats everyone with great poise and generosity.
The two sides got along very well during the exchange, especially the athletes, who were basically acquaintances.
After staying there for a while, Bai Yu flew directly from Hong Kong back to Sanya; he did not return to the capital.
Things over there are mostly settled. If there are any other brands that want to collaborate, then let them come to Sanya to find Baiyu.
As for subsequent activities, Bai Yu doesn't plan to participate. He has already asked Coach Li to announce that he needs to rest for a while.
In fact, Bai Yu planned to return to Sanya as soon as possible to see how far the salvage work on the sunken ship had progressed, and whether he could also prepare to go out to sea.
He was genuinely interested in salvaging the shipwreck; he really wanted to be involved.
..............
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