An NBA player lost 10% NIKE shares because his agent chose 100k USD

​Imagine turning down a deal that could be worth billions today. That is what basketball player Spencer Haywood may have missed when he lost his chance to own part of Nike. 💰
​In 1973, Haywood was a rising basketball star, scoring around 29 points per game for the Seattle SuperSonics. Nike founder Phil Knight asked him to wear the company's shoes.
​Nike could not offer him as much cash as other brands, so Knight reportedly offered him 10% of the company instead.
​Haywood was young and did not fully understand the value of owning a business. He trusted a friend to handle the deal while he focused on basketball.
​But his friend believed Nike would fail. He eventually sold Haywood's shares and gave him $100,000 in cash.
​Today, 10% of Nike could be worth billions, depending on the original deal and later ownership changes.
​Haywood says he is still friends with the man who sold his shares. His story shows how a quick payout can mean missing out on a much bigger opportunity