English footballer David Beckham is leaving Real Madrid to join the Los Angeles Galaxy of the MLS. At an estimated $250 million in salary and endorsements over five years, it's being promoted as the largest deal in sporting history.
To give a sense of scale, the league's highest paid player last year was Juan Francisco Palencia, a former Mexican national team forward who made $1.36 million playing for Chivas USA, another Los Angeles team that shares a stadium with the Galaxy.
MLS is betting big that the world's most reconizable footballer can finally bring soccer into the big time in the United States. Grant Wahl of CNNSI thinks it will work, and that Beckham's signing will open the doors for other superstars to sign with US teams. Brazil's Ronaldo, for example, has long been rumored to be joining the New York Red Bulls.
But the real subtext, in my opinion, is the battle between Adidas and Nike for sports marketing dominance in the United States, a battle that Nike has been winning for some time. Of the 25 richest athletes in 2006 (according to Forbes), 12 have relationships with Nike, including names like Tiger Woods, Lebron James, Derek Jeter, and Lance Armstrong. Beckham, a long-time Adidas client, is another piece in Adidas' arsenal. In 2004, Adidas placed a big long-term bet on MLS's success with a 10-year partnership deal worth $150 million. This is a league that has lost more than $350 million in the past decade.
Personally, I wish the MLS was thinking a little smaller. Why not sign some stars from Latin America to appeal to Latinos, still the most loyal audience for soccer in this country?
Misha Cornes