LeBron James, NBA superstar, chose to go to the Miami Heat after a summer of deliberation. After Thursday’s announcement you either love him or hate him. The story will be buried and exhumed many times over, so I will not go into it. However, I will go into what I feel is a remarkable side story.
James, will be joining Dwayne Wade, an existing Miami Heat player, and Chris Bosh who recently signed with Miami from the Toronto Raptors. Unless you are fan of basketball, you may ask, “who is Chris Bosh?” And this is the remarkable side of the story.
Wade and James are known superstars, have been on the big screen, and have had the media hype to follow. This is Bosh’s first time in the limelight. Anyone who follows basketball knows that Chris Bosh is a solid player. But not until now has he really been considered a superstar. Which has been argued by some sports critics. Why is he at superstar status? Its because he has been co-signed. He has teamed up with two of the biggest brands in basketball. You can’t ask for better exposure.
This is the classic example of brand building by association. The examples of a brands being co-signed speak clearly:
Pontiac G6 – Oprah Giveaway
After this car was given away on the The Oprah Winfrey Show, within two weeks, Pontiac G6 awareness reached 87% among adults, while also achieving a 17% click-through rate (on the web), a Google record for the time. With a new product, your can’t ask for better exposure, after that the product has to sell itself. It was co-signed by Oprah.
Nike – Michael Jordan
Nike cut Michael Jordan a check for $500,000 for his endorsement in 1985. In 1984 Nike’s total revenue was about $900 million. By 1997, when Jordan was closing in on the fifth of his six NBA titles, it hit $9.19 billion. Case closed.
Regardless to whether brand association is orchestrated or organic, its hugely beneficial and is represented in the perceived value part of the brand value equation. Perceived value can be increased because of the association of another brand.
While Bosh is a solid player by himself, he has raised his brand equity tremendously by teaming up with cohorts of the maganitude of James and Wade. Whether they have created a dynasty by teaming together is yet to be seen. What is known is that Bosh has taken an opportunity to remove himself of the caves of Toronto and put himself in position to shine in South Beach.











