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Kobe Bryant Out $400K
Posted On: November 11, 2011 at 10:05 a.m.
A few days ago we reported the crumbling PowerBalance company, hanging on after numerous lawsuits. A new report from Lakernation is confirming that Kobe Bryant won’t be getting that $400,000 paycheck from them he expected for wearing those rubber wristbands .
On LakerNation.com , we get this update: “Kobe Bryant is set to make $28 million in off the court endorsements this year.
He may lose out on $400K of that, according to SportingNews.com:
Lakers star Kobe Bryant is among the largest creditors of Power Balance, the maker of what the company claims to be performance-enhancing wristbands that recently filed for bankruptcy protection in federal court, as he is owed $400,000 for his endorsement.
Other athletes on the list of creditors include Clippers forward Blake Griffin ($20,000) and skateboarder Ryan Sheckler ($25,000). The L.A. Kings and Sacramento Kings are owed $250,000 and $100,000, respectively.
Lakers Lamar Odom was also named as an investor/creditor, and was used on the companys website for marketing purposes.
If and when the season starts reports suggest that the Sacramento Kings arena will still be called “Power Balance Arena”.
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