@1fze...you are 100% correct.
People get all emotional when an athlete leaves Nike. In reality these are always business deals and sometimes it makes a lot of sense to “lose” an athlete. Smaller brands will promise the stars and the moon to athletes but at the end of the day those smaller brands often don’t have the clout or marketing chops to elevate athletes’ profiles. Anyone remember Athleta’s last big athlete marketing campaign? Yeah I don’t either. Nor do I care.
In addition once a prominent athlete is associated with Nike that image sort of sticks in people’s heads. Two years from now if you stop a random person on the street and ask them “Which sports brand is Simon Biles associated with” I’ll guarantee 90% of people will say “Nike”. Because that’s who she was with when her profile became elevated in the public eye.
Aside from all that I don’t think marketing with athletes is as relevant in 2021 as it was even 10 years ago. Younger people are more cynical these days and better understand that paid endorsements are exactly that. Aside from product validation, which is still important, younger people understand that endorsements are a mostly inauthentic undertaking. They’re also more inclined to follow “influencers” in general who may or may not be athletes. It isn’t 1980 anymore. Or even 2010.
Besides with all the money Nike saves from not renewing athletes it can devote that money to the latest “What’s Woke This Week!” campaign. That is the goal, right??