BY ADAM GROSSMAN
Rakuten Strikes Gold With Warriors Jersey Patch Deal
The Golden State Warriors have reportedly reached a $20 million per year jersey patch agreement with Rakuten. The Japanese tech company will be featured on the Warriors’ jersey for the next three seasons. The fact that the Warriors would sign the most lucrative jersey patch deal in the NBA is not surprising. The fact that the team received nearly double the amount of the second highest team, the Cleveland Cavaliers, and the fact that the deal is with Rakuten, a company few people in the U.S. have likely heard of until now, is surprising. Why would Rakuten spend this amount of money for a jersey patch deal?