JO/Meigray and their contracts

[mmonte4]

I feel this topic deserves its own thread...

Does anyone have insight into the details of the contracts JO and Meigray make with teams? How do they work? Do they agree to give 50% of sales to the team? Do they agree to give them a lump sum? Do they agree to buy every jersey for $500? What is in it for a team that enters into a contract with with these companies?

Meigray appears to go a step further and is endorsed by the NBA - their auction is actually linked to the nba.com website. I've always been curious about the particulars of this arrangement.

[Neely8]

Re: JO/Meigray and their contracts

Although I'm curious too, I doubt you'll be able to obtain the specific details regarding those company's contractual agreements.

[mmonte4]

Re: JO/Meigray and their contracts

I'm sure someone has some insight. Multiple companies are doing this so it can't be a huge secret as to the general arrangement.

[Dolphins23]

Re: JO/Meigray and their contracts

Although I'm curious too, I doubt you'll be able to obtain the specific details regarding those company's contractual agreements.

We don't want there exact contrat structured agreements. We just want a bases of knowledge as to what exactly they do to obtain the contract. It's head scratching to me and a lot of other members on this board. What kind of loans did JO sports have to take out to breach agreement with professional sports teams GWM? It's really cool that teams gave into the JO business to begin with. I guess there marketing strategies are appealing to the NFL. Why would a multi-billion dollar industry (we're talking the number one watched sport in the nation) do business with a small time collectables business like JO, Stiener, Meigray, ex.... It's quite fond and interesting to try to find further detail with regards to it all if you ask me. But thats just my opinion.

It maybe gives hope to youngsters out there who want to make there hobby there dream (get paid doing what they love to do) collect jerseys for persons collections and put smiles on persons faces. Whats good about JO and all the sites even NFL auction is your totally safe buying from them and avoiding fake counterfits at all costs. But at what price? Now thats totally up to the collector.


I will mention that JO sports is a little overpriced. I saw them selling a Joey Porter Dolphins jersey with captains patch worn for 2 games with heavy game use and mud stains for 1300. I saw the same jersey hit ebay for 600$. The auction was listed by JO because they coudln't get 1300 and didn't want to sit on it. I feel like they tend to do this a lot. Can they result to eBay due to over stock? Or are these fakers stealing pictures off of there website?

[BarryMeisel]

Re: JO/Meigray and their contracts

Hi everybody,

Out of respect for this Forum and the open communication that I steadfastly believe in, I did not want to make believe I did not see this thread, or simply ignore it.

MeiGray does not discuss or comment on any financial aspects of its business deals. As a private company, that is private information which is oftimes also contractually confidential information.

Respectfully,

Barry

[weasel49er]

Re: JO/Meigray and their contracts

Ive always been a little curious about this stuff myself. its purely speculation but i ive just been under the assumption that certain companies offer a lump sum for a predetermined amount of jerseys which are split by tiers and sent out by the teams equipment manager at their discretion. It seems that they also have the abilty to purchase specific game jerseys when needed for customers which often command a higher premium cost. I could very well be completely wrong, thats why this thread is very interesting to me. I know financial specifics are off limits but any insight would be very cool to know. Thanks

[mad87man]

Re: JO/Meigray and their contracts

Ive always been a little curious about this stuff myself. its purely speculation but i ive just been under the assumption that certain companies offer a lump sum for a predetermined amount of jerseys which are split by tiers and sent out by the teams equipment manager at their discretion. It seems that they also have the abilty to purchase specific game jerseys when needed for customers which often command a higher premium cost. I could very well be completely wrong, thats why this thread is very interesting to me. I know financial specifics are off limits but any insight would be very cool to know. Thanks

If i had to guess i would think that is what it is or close to how it works. I mean i am sure it is a lot more detailed and stuff but that is the basics of it. To the NFL team every jersey is the same to them, just a shirt. Now to the collector the better players are more in demand. SO i would think a lump sum would work well for both NFL and company FIgure you get 20 jerseys for 20,000$. They take the top 5 jerseys sell them at 4 grand each. That makes up your cost. Sell the lower tier guys that is your profit. I honestly have no idea and i am sure only JO Sports and Meigray know but it is interesting to think about and how someone would do it if it was them or try to do it.

I also don't think JO Sports or Meigrey is going to reveal their secrets for 2 reasons. 1 being they don't want that information leaked, 2 it might breach their contracts with the team.

[mmonte4]

Re: JO/Meigray and their contracts

Hi everybody,

Out of respect for this Forum and the open communication that I steadfastly believe in, I did not want to make believe I did not see this thread, or simply ignore it.

MeiGray does not discuss or comment on any financial aspects of its business deals. As a private company, that is private information which is oftimes also contractually confidential information.

Respectfully,

Barry

Barry, welcome to the discussion!
I had hoped that you would give us something. I understand this is private information, but you can give away a little bit without mentioning specifics that would violate your contracts. What is in it for the team? I have to assume they are compensated in some way. How are they compensated (we aren't interested at all in the numbers, just the "how")?

[Dolphins23]

Re: JO/Meigray and their contracts

Makes sence but I thought players got a certain revenue prospect from there own jersey sales. Dosn't this play into the Chad Johnson effect or (CJE) where the player had a name change and had to buy out every one of his jerseys before he could obtain ochocinco on the back of his shirt. Now what if Migray or JO took lets say 12 Johnson gamers (this is an example not factual numbers) would he have to buy them all from JO sports? or would he have to pay the team a certain amount since they have a contract with JO sports?

This is a whole different topic on itself, but it relates and I'm curious as to what would happen as far as the (CJE)

[mad87man]

Re: JO/Meigray and their contracts

Makes sence but I thought players got a certain revenue prospect from there own jersey sales. Dosn't this play into the Chad Johnson effect or (CJE) where the player had a name change and had to buy out every one of his jerseys before he could obtain ochocinco on the back of his shirt. Now what if Migray or JO took lets say 12 Johnson gamers (this is an example not factual numbers) would he have to buy them all from JO sports? or would he have to pay the team a certain amount since they have a contract with JO sports?

This is a whole different topic on itself, but it relates and I'm curious as to what would happen as far as the (CJE)

I don't think this qualifies as much b/c that was retail jerseys. I don't think this has to do with that.

[BarryMeisel]

Re: JO/Meigray and their contracts

Hi Mmonte4,

Based on my response that we don't discuss any aspect of our financial dealings, I don't understand your question, "How are they compensated?"

I don't want to sound disrespectful, but you are asking me for private information I cannot and will not discuss.

If I am misunderstanding your question, I apologize. But how can I answer that without disclosing information I cannot and will not disclose?

Barry

[Jules9]

Re: JO/Meigray and their contracts

Makes sence but I thought players got a certain revenue prospect from there own jersey sales. Dosn't this play into the Chad Johnson effect or (CJE) where the player had a name change and had to buy out every one of his jerseys before he could obtain ochocinco on the back of his shirt. Now what if Migray or JO took lets say 12 Johnson gamers (this is an example not factual numbers) would he have to buy them all from JO sports? or would he have to pay the team a certain amount since they have a contract with JO sports?

This is a whole different topic on itself, but it relates and I'm curious as to what would happen as far as the (CJE)

I think he had to buy the retail jerseys from Reebok, not the game jerseys. I believe the game jerseys are the property of the team.

[Dolphins23]

Re: JO/Meigray and their contracts

to clear this up for the dealers that are coming in here.

We don't want your exact details. Just a bases answer of how you go about getting a contract with a team. Why do they want you when the NFL is a billion dollar industry that can auction them off themselves?

Its scary how the owners of these sports stores are stearing around the answer lol its a little shady if you ask me.

[WadeInBmore]

Re: JO/Meigray and their contracts

Its scary how the owners of these sports stores are stearing around the answer lol its a little shady if you ask me.

Um...not shady but savy. Why would ANY business want to disclose bottomline and overhead expense with their potential clients?! Barry was nice enough to chime in and politely say, no can do. Let it be.

wade

[mmonte4]

Re: JO/Meigray and their contracts

Um...not shady but savy. Why would ANY business want to disclose bottomline and overhead expense with their potential clients?! Barry was nice enough to chime in and politely say, no can do. Let it be.

wade

No one is asking for bottomline, overhead, or any specifics for that matter. We just want to know how the teams are compensated. Is it a lump sum, a % of sales, etc? What is the general arrangement?