In
an unexpected turn of events within the basketball sneaker game
Stephen Curry has left Nike to sign with Under Armour. Just over a
month ago I wrote about Nike's monopoly on basketball sneakers and I
spoke of how Under Armour could make some moves to increase their
0.35% of sales among basketball sneakers in the market. They took a
monumental step in making the brand larger as they signed Golden
State Warriors star Stephen Curry. Curry last season lead the
Warriors averaging 23 Points and 7 Assists while leading the Warriors
to the Western conference finals before eventually losing to the San
Antonio Spurs.
Curry
is one of the most exciting players in the NBA and one of my personal
favorites. Curry joins an already solid roster of players at Under
Armour basketball with guys such as Kemba Walker,Brandon Jennings,
Raymond Felton, Deandre Jordan and Grievis Vazquez. Steph will
certainly be the center piece of the brands marketing plan and UA
seems to be heading in the right direction.
Contrary
to what many people believe I honestly feel like this is a great move
for Curry. As I chronicled in my article back in early September Nike
sports a “who's who” of basketball players to endorse their
products. Players such as Kobe Bryant, Lebron James are the
centerpiece of Nike basketball and for Curry that didn't bode well
because he would likely need to wait longer for his own signature
sneaker. Now with Under Armour he won't have to wait as long and will
get his own signature sneaker sooner rather then later. After the
deal between Curry and UA was announced that the company’s shares
made a 4% jump. it was also reported that Under Armour senior
president of global marketing Matt Murchin feels that Curry fits the
Identity of Under Armour basketball stating “Our key attributes we
want to have on our team is young,underdog and next-and Steph checked
those boxes.”
So
with so much room to grow and build your own legacy what makes the
move to Under Armour so great for Curry? Its the roster of players
hes with and the positions they are currently in with their
respective franchises.
Brandon Jennings has had a rough last few years in Milwaukee but with a new
home in Detroit as a Piston this season he has a chance to play with
some quality talent with guys like Andre Drummond, Josh Smith and
Greg Monroe. The Pistons certainly have enough talent to get to the
postseason and things are looking up for Detroit this season.
Kemba Walker has a revamped front court in Charlotte this season with the
additions of Al Jefferson and Cody Zeller. Kemba has been overlooked
his first two seasons in the league but last year managed to finish
7th in player efficiency rating among starting point
guards despite the lack of talent in the front court. With more
talent this season then in his entire career Walker is looking to
remind people of how great he is and lead Charlotte back to the
playoffs.
The
big fish in on Under Armours basketball roster isn't even on the
roster yet. Now I’m not one for hypothetical s but hypothetically
speaking Under Armour can land Kansas Jayhawk and Canadian basketball
star Andrew Wiggins. I spoke briefly on this in my article back in
September and adding Curry makes Under Armour sales pitch easier to
Wiggins. In case you don't know its been reported by several people
inside the sneaker industry that Wiggins after this season at Kansas
will command a bidding war-the first of such since Lebron James came
out of high school back in 2003.
So
think of it like this, UA just landed one of the best point guards in
the league to endorse their sneakers but not only that he left the
premier company in Nike to join UA. If they can land Andrew Wiggins
then that will be game changing for the brand and sneaker game alike
because now you have marquee names. This move was the perfect
scenario for Curry and if all goes as planned UA will be selling a
lot higher then 0.35% of sneakers in the market in a few years.






Agreed that it was a good move for Steph...but it's not making me anymore likely to buy UA instead of Nike products.
ReplyDeleteYeah I know Elijah thats the case for most people. Nike has decades and decades of built up brand loyalty, it will take awhile for UA to even enter the same solar system as Nike.
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