You see, Wright started endorsing the product last year, but instead of getting paid, he accepted a 0.5% stake in the company. And while 0.5% may not sound like much, it is once you consider the final sale price. From the New York Post:
Based on Cokes super-sized cash offer, Wright's stake is now worth nearly $20 million - enough to buy about 10 million bottles of the enhanced water.Whatever it comes down to, it's still an awfully nice chunk of change ... though not as much as the $400 million that rapper 50 Cent earned from his 10% investment in the company.
"We sat down, and them being a Queens company and the Mets being in Queens, they wanted to develop a long-term relationship with me," Wright said before last nights game in Miami against the Marlins.
Wright said he was "extremely pleased" with the deal, but insisted his take is "not even close" to $20 million. He said he didn't know the exact amount.
(via Larry Brown)
Previously at FanHouse:
David Ortiz Will Lodge a Shuttlecock in Your Leg
Brian Urlacher's Vitamin Water Hat is on eBay
Vitamin Water Sponsors Gilbert Arenas Birthday Party