Jeremy Lin 'lines up' Nike deal with Harvard
Houston Rockets recruit said to be in talks with university to launch a product line that could be a branding boon for the elite institution
Bloomberg in New York
Houston Rockets point guard Jeremy Lin and his alma mater, Harvard University, are in talks to create a co-licensed merchandise line, two people with direct knowledge of the negotiations said.
The line would be created with Nike, which Lin endorses and which outfits the Cambridge, Massachusetts-based university's football and basketball teams, said the people, who were granted anonymity because the contracts aren't signed.
Lin, 24, the first Taiwanese- or Chinese-American to play in the National Basketball Association, became a global sensation last season after taking over as the starting point guard for the New York Knicks. He moved to the Rockets during the offseason on a three-year, US$25 million free-agent contract that the Knicks chose not to match.
A Lin-related line would be an economic and brand-building boon to Harvard where, according to the school's 2010-11 Fact Book, almost 18 per cent of the 6,657 undergraduates are of Asian descent, said Paul Swangard, managing director of the Warsaw Sports Marketing Centre at the University of Oregon.
"Jeremy Lin provides an incredible platform for Harvard in China," Swangard said. "To millions of Chinese children, the NBA and Harvard are separately 'aspirational brands' and Lin is uniquely positioned to align their messages. I predict Lin will become one of the most effective brand-building tools for Harvard in China."
Harvard spokesman Kevin Galvin declined to comment on any prospective association with Lin. Nike spokesman Brian Strong wouldn't comment and Lin's lawyer, Pamela Deese, a partner at the Washington law firm Arent Fox, declined to comment.
Harvard ranks first among Ivy League schools in merchandise sales, according to online retailer Fanatics.com Fifteen per cent of sales come from outside the US, according to Fanatics, which didn't provide specifics.
Adding Lin already has paid off for the Rockets, who last month signed a three-year marketing agreement with East West Bank, which has branches throughout the US and China.
Lin became a marketing force last season in Asia, where broadcasters tried to add more Knicks games to their schedules. Coca-Cola added advertisements in Chinese to its courtside signs at Madison Square Garden, seeking to capitalise on Asian viewers.
Lin's rise to a global sensation became known as "Linsanity", a term the player has moved to trademark.
The attention was even credited with helping to settle a price dispute between Madison Square Garden and Time Warner Cable.
Lin had the league's second-best-selling jersey from April 2011 through April of this year, trailing only 2011 Most Valuable Player Derrick Rose of the Chicago Bulls, according to the NBA.
Lin averaged 14.6 points and 6.2 assists last season for the Knicks.
Harvard, the world's wealthiest college, had an endowment of US$30.7 billion in the 12 months through to June, the school said.