The Cavinder twins, 'queens' of college sports endorsements, poised to make $1 million [USA TODAY]
Foot Locker, Inc. (FL)
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Source: USA TODAY
It was the day after a road game at the United States Air Force Academy, and the business management majors had to finish an online class before discussing their 25% co-ownership and a board seat on Baseline Team , a startup. The clothing line that sells unisex basketball shorts featuring some of the country's top basketball schools was the ninth business deal for them since July 1. That's when the National Collegiate Athletic Association — under immense legal pressure — changed its policy to allow college student-athletes to make money on endorsements. Half of the deals for the Cavinders are long-term or multi-year, and the 21-year-olds could hit $1 million in compensation by this summer, according to one of their agents. "As entrepreneurs, we are trying to learn every single day. And with Baseline, this is something Haley and I are super passionate about," said Hanna Cavinder, two minutes younger than Haley. "We just keep learning." The twins gained notoriety through TikTok
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- Foot Locker debuts 'store of the future' as it looks to win back Wall Street's confidence [MSNBC.com]MSNBC.com
- Inside Foot Locker's ‘Store of the Future' Model Guiding the Chain's New Retail Identity [Yahoo! Finance]Yahoo! Finance
- FOOT LOCKER UNVEILS NEW REINVENTED GLOBAL STORE CONCEPT [Yahoo! Finance]Yahoo! Finance
- FOOT LOCKER UNVEILS NEW REINVENTED GLOBAL STORE CONCEPTPR Newswire
- Why JD Sports' Hibbett Acquisition Could Present Fresh Challenges for Foot Locker [Yahoo! Finance]Yahoo! Finance
FL
Earnings
- 3/6/24 - Beat
FL
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- FL's page on the SEC website