The most familiar is Jordan. As the best sub-brand in Nike's history, he signed a lifetime contract with Nike, and Nike was also angry because of Jordan. At that time, Nike was still a small company, but Jordan paid a lot of money to sign it. After that, Jordan became more and more popular In 20 15, Nike signed a lifetime sponsorship contract with James, which is also an admiration for James. James is also the most expensive player in Nike's lifetime sponsorship.
The NBA's own team also has its own signing rules. Players have the right to buy out their last year's contract, thus jumping out of the contract in advance and becoming free agents. This clause is a way for players to avoid "devaluation". The salary level of NBA has risen rapidly, and many big-name players have not got the money they deserve when fulfilling the long-term contracts they signed before. Buying out the contract has become one of their choices.
The NBA league signs contracts with players, and sometimes the last year of the contract is uncertain. Whether the contract is fulfilled this year is up to the player, and the player also has his own rights. This is the so-called player option clause. Player selection used to be a way to give players more money. Players' options are usually set in the year when players get Byrd rights.