Federer paid 'break up' fee to Lacroix and deal with Rolex [Archive] - MensTennisForums.com

Federer paid 'break up' fee to Lacroix and deal with Rolex

Monteque
06-20-2006, 04:20 PM
June 15, 2006
___Roger Federer has signed a multi-year endorsement deal with Rolex. Federer previously endorsed Rolex before signing with Maurice Lacroix in 2004. He paid a ‘break-up fee’ to Lacroix to end his deal with the company two years into a five-year contract.

In an interview with Europa Star’s International Editor, Keith W. Strandberg, Philippe Merk, CEO of Maurice Lacroix Worldwide, said he was pleased to have had a good run with Federer and he wishes him well. "The deal with Federer was a positive association for us," Merk explains. "I don't feel this is a negative at all. It's excellent for Maurice Lacroix. The response to this has been 'So what?' 'What else is new?'
"We achieved much more than we thought we would, having hosted 15 major events in our most important markets, so I think it had a pretty good effect," Merk continues. "The remaining time we had with him would probably not have had the same impact."

Federer is already featured on the Rolex website as one of their ambassadors. They have a good tag line on his page: ‘Let's not talk history yet. He's still making it’._____


Man, can you believe this, surely he'll get much more $$$$ from Rolex and he kicked Lacroix ass with a break-up fee. We all know that his $2M/year lifetime deal from Wilson guarantee him to have income even when he is nothing more playing tennis, I'm just wonder how much this deal worth. He has nothing to worry for the rest of his life. :eek:

holagirl56
06-20-2006, 05:21 PM
I wish I had a lifetime deal.

Just shows you that Rolex came crawling back to Feds when all their endorsees were struggling (i.e. Roddick, Ferrero) after they dumped Feds.

Eve83
06-20-2006, 05:24 PM
Henin-Hardenne, Roddick, Safin, Ferrero...it´s a nice club;)

supersexynadal
06-20-2006, 05:40 PM
Life time deals are no good. I wouldnt like to have one. A company like slazenger was very popular 10 years ago and look at it now. Doesnt suck but its not the best. Henman is still using it. Dunlop as well

ae wowww
06-20-2006, 07:46 PM
:eek: Money!

Deboogle!.
06-20-2006, 08:13 PM
...and he kicked Lacroix ass with a break-up fee. ...i'm not sure what you're trying to say, but considering he was only 2 years into a 5 year contract, if he wanted out of it, he had to pay them a fee, he didn't have a choice. it's like if you cancel your 2-year cell phone plan after 6 months you pay some huge fee. no difference :p Obviously whatever Rolex is going to pay him made the fee worth it:shrug:Life time deals are no good. I wouldnt like to have one. A company like slazenger was very popular 10 years ago and look at it now. Doesnt suck but its not the best. Henman is still using it. Dunlop as wellif someone was going to offer you $2 million a year for the rest of your life even after you retire, are you saying with a straight face that you'd turn it down? :lol:

btw, doesn't Dunlop own Slazenger?

Monteque
06-21-2006, 12:02 PM
I know that. I mean, Roger made his own decision split from Lacroix and join to Rolex. It should be a larger amount of contract made him broke off deal with Lacroix when the contract in progress, right. That's why you should have a pre-contract protection to prohibit one-sided deal severance in accordance with the term they've agreed. Lacroix could do nothing without it.




btw, doesn't Dunlop own Slazenger?

Just in America.

alfonsojose
06-21-2006, 03:10 PM
Money whore

RonE
06-21-2006, 04:20 PM
Money whore

Who isn't? :shrug:

oneandonlyhsn
06-21-2006, 05:07 PM
Money whore

Where do I sign up :devil:

AsGoodAsNew
06-21-2006, 07:11 PM
Who isn't? :shrug:
Lots of people. So much for loyalty and standing by a signed contract. I wonder what would happen if employers suddenly opted out of written and signed contracts?

Many would be thrilled at supporting Lacroix and would spend their time using the money to support those less advantaged, not on hiring lawyers to get them a better deal and wrangle out of an old one. But I'm probably old fashioned.

Anyway, I now hope he loses, very embarassingly.

Mechlan
06-21-2006, 07:19 PM
Lots of people. So much for loyalty and standing by a signed contract. I wonder what would happen if employers suddenly opted out of written and signed contracts?

Many would be thrilled at supporting Lacroix and would spend their time using the money to support those less advantaged, not on hiring lawyers to get them a better deal and wrangle out of an old one. But I'm probably old fashioned.

Anyway, I now hope he loses, very embarassingly.

You're not very familiar with sports endorsements, are you?

nobama
06-21-2006, 07:44 PM
Lots of people. So much for loyalty and standing by a signed contract. I wonder what would happen if employers suddenly opted out of written and signed contracts?

Many would be thrilled at supporting Lacroix and would spend their time using the money to support those less advantaged, not on hiring lawyers to get them a better deal and wrangle out of an old one. But I'm probably old fashioned.

Anyway, I now hope he loses, very embarassingly.You want him to lose badly at Wimbledon because he switched which watch company he endorses? :confused: None of us know the details behind this. Andre reportedly switched from Nike to Addidas because Addidas was willing to do more for his charity. Perhaps it's the same situtation here? :shrug:

Monteque
06-22-2006, 10:54 AM
Many would be thrilled at supporting Lacroix and would spend their time using the money to support those less advantaged, not on hiring lawyers to get them a better deal and wrangle out of an old one. But I'm probably old fashioned.


Anyway, I now hope he loses, very embarassingly.
Ur not one of Lacroix stockholders, right??? :devil:

Rolex needs a great active ambassador in men tennis so they have no another choice beside Roger. Safin, Ferrero, and Roddick are :rolleyes: .
So this is the good deal no matter how much money Rolex make the steps to trick Roger for separating from Lacroix, dibs on the money.

alfonsojose
06-22-2006, 12:56 PM
Who isn't? :shrug:
For tons of his fans here, he's God :cuckoo: :yawn:

Dirk
06-22-2006, 03:21 PM
Lots of people. So much for loyalty and standing by a signed contract. I wonder what would happen if employers suddenly opted out of written and signed contracts?

Many would be thrilled at supporting Lacroix and would spend their time using the money to support those less advantaged, not on hiring lawyers to get them a better deal and wrangle out of an old one. But I'm probably old fashioned.

Anyway, I now hope he loses, very embarassingly.

A better deal came along and he had to pay to get out of his contract which was a clause in his contract. Roger didn't do anything wrong and oh he does give a lot to charity and um throwing money at the problem won't solve it. Places of poverity need more capitalism and less hand outs.

mandoura
06-22-2006, 03:42 PM
if someone was going to offer you $2 million a year for the rest of your life even after you retire, are you saying with a straight face that you'd turn it down? :lol:

I would because one day $2 million won't be worth much. :haha:

Seriously, many people will go for less. ;)

Deboogle!.
06-22-2006, 05:58 PM
I would because one day $2 million won't be worth much. :haha:I think it will be for the rest of Roger's life ;)

anyway as they say, contracts are made to be broken :p (that is why they put a liquidated damages clause in there in the first place ;))

sanpo
06-22-2006, 06:33 PM
roger paid a break-up fee so he didn't violate anything technically. who know's what's behind the story, i hope more information could be posted about this..

Deboogle!.
06-22-2006, 06:37 PM
roger paid a break-up fee so he didn't violate anything technically. who know's what's behind the story, i hope more information could be posted about this..He broke the contract. that's why he had to pay the fee. Whether that's doing something "wrong" or not is subjective. there are some people who think contracts shouldn't be broken because you've made promises, and there are some people who think that's what it's all about. Like most other things, it's just a matter of opinion:)

oneandonlyhsn
06-22-2006, 06:59 PM
Lots of people. So much for loyalty and standing by a signed contract. I wonder what would happen if employers suddenly opted out of written and signed contracts?

Many would be thrilled at supporting Lacroix and would spend their time using the money to support those less advantaged, not on hiring lawyers to get them a better deal and wrangle out of an old one. But I'm probably old fashioned.

Anyway, I now hope he loses, very embarassingly.

http://yelims5.free.fr/Zik/Musique16.gif Mate get a chill pill

Corey Feldman
06-23-2006, 08:19 AM
For tons of his fans here, he's God :cuckoo: :yawn:And what is Hingis for you? lemme guess

The Virgin Mary.

:retard:

joyk
06-23-2006, 12:29 PM
Lots of people. So much for loyalty and standing by a signed contract. I wonder what would happen if employers suddenly opted out of written and signed contracts?

Many would be thrilled at supporting Lacroix and would spend their time using the money to support those less advantaged, not on hiring lawyers to get them a better deal and wrangle out of an old one. But I'm probably old fashioned.

Anyway, I now hope he loses, very embarassingly.

Loyalty?!Do you think companies like these are loyal to the athletes ?Look at Mary Pierce or James Blake who have been dropped by their sponsors when their careers weren`t going that well.So I say milk it for what it`s worth guys,you deserve the money!