Sources Say First Openly Gay Male Athlete Will Make Millions
The tide is turning in the world of sports. An environment once steeped in homophobia now has an air of acceptance and tolerance. Companies that may have once shied away from an openly gay athlete are today willing to back him or her 110 percent.
In fact, the first male athlete to come out as gay could command a huge payday.
Via HuffPo reports:
Currently, there is no openly gay, active male athlete playing in one of the four major professional sports leagues in the United States. However, more and more professional athletes — like former Baltimore Ravens linebacker Brendon Ayanbadejo and Minnesota Vikings punter Chris Kluwe — are willing to speak out in favor of equality.
Back in 2011, before former Phoenix Suns executive Rick Welts publicly announced he was gay, he disclosed his sexual identity to NBA Commissioner David Stern and senior executives at Nike. Instead of abandoning him, Nike backed Welts and reportedly told him that the company’s support extends to the first male athlete who wants to come out.
“They made it clear to me Nike would embrace it,” Welts told Bloomberg. “The player who does it, they’re going to be amazed at the additional opportunities that are put on the table, not the ones that are taken off.”
Communications strategist Bob Witeck isn’t surprised by this. After an interview with Witeck, Bloomberg wrote the following:
[T]he first openly gay team-sport athlete — provided he’s a recognizable name — would earn millions in endorsements and speaking engagements from companies seeking to capture more of a U.S. lesbian, gay, bisexual and transgender adult population whose annual buying power he pegs at almost $800 billion.
Nike, with a brand value of $15.9 billion, ranks 26th on Forbes’ list of the “World’s Most Powerful Brands.” Support from such a behemoth would surely help advance gay rights around the globe. Likewise, the move could help the brand, as well.
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