Malcolm Mitchell Net Worth: NFL Star’s Financial Journey

Did you know that many NFL stars struggle with managing their wealth once their careers come to an end? Malcolm Mitchell, a former New England Patriot and Super Bowl champion, stands as a compelling example of how an athlete can navigate the complex landscape of personal finance to secure a stable future.

In this piece, we’ll dive into Malcolm Mitchell’s financial journey, exploring his net worth, investments, and the valuable lessons he offers to both fans and aspiring athletes. Understanding Mitchell’s financial strategies can provide insights into effective money management and inspire readers to take charge of their own financial destinies.

Join us as we unravel the intricacies of Malcolm Mitchell’s financial life, highlighting the importance of smart decisions in achieving long-term stability, even in the fast-paced world of professional sports. Whether you’re an avid football fan or looking for financial guidance, Mitchell’s story is one that deserves your attention.

Malcolm Mitchell’s Financial Status: An Overview

Malcolm Mitchell, best known for his stint as a wide receiver in the NFL, offers a fascinating case study in the financial landscape faced by professional athletes. His journey through the highs and lows of financial management highlights both the opportunities and challenges that accompany sudden wealth. Mitchell’s net worth is estimated to be in the multimillion-dollar range, a figure stemming not only from his NFL earnings but also from strategic investments and entrepreneurial ventures.

One critical aspect of Mitchell’s financial status is how he navigated the complexities of wealth accumulation during and after his sports career. Players in the NFL are often thrust into a spotlight where lucrative contracts can translate into substantial financial gains, but these figures can also lead to risky financial behaviors if not managed well. Mitchell, having learned from both personal experiences and observations of peers, has emphasized the importance of financial literacy. He has participated in initiatives aimed at educating young athletes on smart money management, drawing from his journey to understanding budgeting, investing, and long-term financial planning.

• NFL Contract Earnings: Mitchell’s initial contract, signed with the New England Patriots, provided him a robust start financially.
• Endorsements and Sponsorships: Following his Super Bowl victory in 2017, endorsements increased, broadening his revenue streams.
• Post-Career Ventures: Transitioning from football, he has engaged in ventures that include his advocacy work on literacy and writing, presenting opportunities for further income.

Mitchell’s approach exemplifies a broader movement among athletes who seek to control their financial destiny through diversified income streams. By actively engaging in projects outside of football, he not only secured his financial future but also aligned his career with his passions. The key takeaway for fans and aspiring athletes is that while a successful sports career can yield significant wealth, the foundations of financial management and investment are crucial to sustaining that wealth long-term. Building a diverse portfolio and seeking educational resources can set a strategy to maintain and grow wealth well beyond the playing field.

The Rise of Malcolm Mitchell: Early Career Earnings

The early career of Malcolm Mitchell illustrates a remarkable journey from college star to NFL player, marked not just by athletic prowess but also by strategic financial decisions and endorsements. Drafted in the fourth round of the 2016 NFL Draft by the New England Patriots, Mitchell entered the professional arena with a solid foundation built during his time at the University of Georgia. Here, he not only showcased his exceptional skills but also gained attention for his dedication to literacy and advocacy work, which would later enhance his brand off the field.

Mitchell’s rookie contract with the Patriots was valued at approximately $2.7 million over four years, including a signing bonus of around $500,000. Such figures might seem standard for a player of his draft stature, but it’s essential to recognize how he leveraged this initial earning to set the stage for his financial future. The upfront signing bonus provided immediate capital, allowing him to invest in his own ventures and secure his financial stability early in his career.

Building a Brand

In addition to his playing salary, Mitchell’s financial ascent was significantly bolstered by off-field endeavors. His involvement in literacy advocacy, particularly promoting reading among children through his “Read with Malcolm” initiative, not only enriched his personal brand but also attracted endorsements from various organizations focused on education. This unique combination of athletic talent and a strong, altruistic narrative allows athletes like Mitchell to diversify their income streams beyond just their NFL contracts.

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Overall, Malcolm Mitchell’s early career earnings reflect a clear understanding of both the business and philanthropic aspects of his profession. By consciously building his brand through advocacy and smart financial decisions, he illustrates a proactive approach that many young athletes can emulate.

NFL Contracts and Income Breakdown: A Deep Dive

Understanding how NFL contracts are structured offers valuable insights into the financial landscape for players like Malcolm Mitchell. As a former New England Patriots wide receiver, Mitchell’s earnings go beyond just his salary; they encapsulate bonuses, endorsements, and the investments made during and after his career. The allure of NFL contracts often fascinates fans and aspiring athletes alike, as the figures associated with them can seem astronomical on the surface.

One of the primary components of an NFL contract is the signing bonus, which is a sum of money paid to a player up front and is typically guaranteed. For example, during his tenure with the Patriots, Mitchell signed a four-year contract that included a substantial signing bonus. This initial payment not only provides immediate financial security but also affects the salary cap, giving teams a strategic incentive to sign promising talent. The base salary, which players earn during the regular season, can vary widely depending on the player’s experience, skill, and market demand. Players in their rookie season often earn significantly less than seasoned veterans, who may command multi-million dollar contracts.

• Guaranteed Money: This includes the total amount guaranteed to the player upfront and throughout the contract duration, which can provide a safety net in case of injury or underperformance.
• Performance Bonuses: These are incentives tied to individual or team performance metrics, like touchdown receptions or playoff appearances, encouraging athletes to excel further.
• Endorsements and Off-Field Revenue: Many players supplement their earnings through endorsement deals and personal appearances, often negotiating lucrative contracts with brands looking to leverage their popularity.

Mitchell’s post-NFL journey reflects how astute financial management can sustain wealth long after retirement. Utilizing his signing bonus and salary wisely, engaging in strategic investments, and recognizing the importance of branding are crucial elements that contribute to a player’s long-term financial health. For anyone seeking to emulate his financial path, understanding the nuances of NFL contracts and planning for life beyond football is essential. Keeping these factors in mind can pave the way to financial stability and provide a roadmap for future endeavors, whether in business, philanthropy, or beyond.

Endorsement Deals: Boosting Malcolm Mitchell’s Net Worth

Malcolm Mitchell’s foray into professional football has not only made him a household name but also opened the door to numerous endorsement opportunities that significantly contribute to his net worth. Prominent athletes often leverage their on-field success to negotiate lucrative deals outside of sports, and Mitchell is no exception. With an engaging personality and a compelling personal story, including his journey from overcoming adversity to pursuing his passions, he has attracted attention from various brands eager to align with his image.

Building a Brand

One of the key factors in the endorsement landscape for athletes like Malcolm Mitchell is the ability to build a personal brand that resonates with consumers. Brands are increasingly searching for relatable figures that embody their values, making Mitchell’s advocacy for education and literacy particularly appealing. His commitment to promoting reading among youth through his organization, the “Read With Malcolm” initiative, has not only showcased his dedication to giving back but also enhanced his marketability.

• Authenticity: Endorsement deals thrive on genuine connections; Mitchell’s narrative of perseverance and passion makes him relatable.
• Diverse Partnerships: From sportswear to educational organizations, his array of endorsements reflects the versatility of his branding efforts.
• Social Media Influence: Mitchell’s active presence on platforms like Instagram has allowed him to reach a broader audience, further enhancing his appeal to potential sponsors.

Example Endorsements

Malcolm Mitchell has successfully partnered with several brands, amplifying not only his visibility but also his financial portfolio. These endorsements are strategically chosen to align with his advocacy efforts, leading to meaningful collaborations. Examples of his endorsement deals may include:

Through these partnerships, Mitchell not only bolsters his own net worth but also amplifies his message of literacy, reaching audiences far beyond the football field. This dual focus on personal brand and social impact proves to be a powerful combination in today’s market, demonstrating how strategic endorsement deals can enhance both financial success and community engagement.

Investments and Business Ventures Explored

Malcolm Mitchell’s financial journey extends beyond his impressive NFL career; it encompasses a visionary approach to investments and business ventures that can provide valuable insights for aspiring investors and entrepreneurs alike. In a world where many athletes squander their wealth post-retirement, Mitchell has navigated the financial landscape with a keen understanding of opportunity and sustainability.

One of the standout aspects of Mitchell’s financial strategy is his focus on education and advocacy. He has demonstrated a commitment to literacy through his various initiatives, which not only reflect his personal passion but also establish a brand that resonates with young audiences. By launching initiatives such as the “Read with Malcolm” campaign, he has effectively combined social responsibility with business acumen, showcasing the potential for profitability in purpose-driven ventures.

In exploring specific investment areas, Mitchell has shown interest in technology and startups. As the influence of technology innovation continues to grow, savvy investments in this sector can yield significant returns. Athletes, including Mitchell, are increasingly recognizing the benefits of diversifying their portfolios through tech investments. This includes everything from app development to e-commerce platforms, creating not just a safety net but also a pathway for wealth expansion.

Another noteworthy aspect of his financial journey involves real estate investments. Real estate has long been hailed as a stable investment avenue, offering both appreciation in property value over time and potential passive income through rental properties. For those looking to replicate this success, understanding local markets and current real estate trends is essential. By assessing risk and aligning investments with personal financial goals, individuals can make informed decisions that mirror the strategic planning evident in Mitchell’s approach.

Finally, engaging with a financial advisor or a wealth manager is prudent for anyone navigating their financial future, especially those coming from a high-income background like professional athletes. Such professionals can provide tailored advice, helping to manage investments effectively while minimizing risks. By focusing not only on where to invest but also on how to manage wealth holistically, future generations can create enduring legacies akin to what Malcolm Mitchell is building today.

With these facets in mind, it becomes clear that strategic investments and thoughtful business ventures can transform financial trajectories, especially for individuals with unique platforms like those of professional athletes.

Philanthropic Efforts and Their Financial Impact

Malcolm Mitchell’s journey from NFL star to successful author and advocate showcases not only his athletic prowess but also his commitment to philanthropy, significantly impacting both his community and his financial portfolio. His philanthropic endeavors extend beyond traditional charity work; they embody a mission to address literacy and education, issues close to Mitchell’s heart.

One of the cornerstones of his philanthropic efforts is the nonprofit organization he co-founded, “Malcolm Mitchell Foundation.” This initiative focuses on promoting literacy among young children, aiming to foster a love for reading and provide resources that make books accessible. The estimated financial impact of such charitable organizations can be substantial-not just for the community they serve but also for the founders in terms of social capital and public goodwill. Research shows that athletes and public figures who engage in charitable work often see improved public perception, which can translate into better endorsement deals and increased earnings.

The Broader Impact of Philanthropy

Mitchell’s initiatives have led to the distribution of thousands of books to children across South Georgia. By partnering with schools and community organizations, his foundation has created programs that integrate reading into the daily lives of young students. The focus on literacy not only aids personal development but also contributes to building a more educated workforce, thereby benefiting society as a whole. When celebrities engage in philanthropy, they often create a ripple effect; their commitments inspire fans and other public figures to contribute, further amplifying the financial impact for their chosen causes.

Financial Leverage through Philanthropy

Engaging in philanthropic work can also provide financial benefits beyond mere altruism. For instance, contributions to nonprofit organizations can be tax-deductible, allowing individuals like Mitchell to manage their wealth more efficiently. Additionally, the ability to mobilize corporate sponsors for charitable events can lead to significant funding increases, effectively multiplying the resources available to support important causes.

By weaving together personal goals with broader societal benefits, Malcolm Mitchell exemplifies how philanthropy can be a powerful form of financial stewardship, benefiting both the givers and receivers alike. His story illustrates an integral lesson: impactful giving can enhance one’s financial position while addressing pressing community needs.

Challenges and Setbacks in Malcolm Mitchell’s Journey

Navigating the professional landscape of the NFL is no easy feat, and for Malcolm Mitchell, the journey has been marked by a series of notable challenges and setbacks that shaped not only his career but also his financial trajectory. In the face of adversity, he has demonstrated remarkable resilience, a trait that speaks volumes about his character and determination. Mitchell’s story transcends mere athletic success; it reflects the broader complexities athletes face, particularly in managing their financial futures amidst uncertainty.

One of the most significant hurdles in Mitchell’s career has been injuries. Drafted by the New England Patriots in 2016, he quickly made a name for himself as a promising wide receiver, contributing to the team during their Super Bowl LI victory. However, his promising ascent was marred by recurring injuries. These setbacks not only limited his playing time and performance-but they also threatened to impact his earning potential. Injuries in professional sports can derail a promising career, leading to missed game checks and diminished contract value. For aspiring athletes and fans, Mitchell’s experience underscores the importance of having a financial backup plan, as health challenges can unexpectedly affect long-term earning capacity.

Furthermore, Mitchell’s journey highlights the pervasive issue of financial literacy among athletes. Despite earning a lucrative salary on the field, many players, including Mitchell, face the challenge of managing wealth effectively. The transition from college to professional sports can be overwhelming, filled with the temptation to make impulsive financial decisions. But Mitchell stands out as an example of an athlete who not only focused on building his career but also sought out education and guidance on financial management. He took initiatives to ensure that he was making informed choices, emphasizing the need for comprehensive financial education tailored for young athletes.

Practical Lessons from Mitchell’s Journey

Mitchell’s journey serves as a blueprint for others looking to navigate the financial challenges faced by professional athletes. Here are some key takeaways that can help those in similar situations:

• Invest in Financial Literacy: Seek resources and education on financial management. Understanding investments, savings, and budgeting is crucial, particularly for those with short professional lifespans.
• Consult with Professionals: Work with financial advisors who specialize in assisting professional athletes. Their expertise can guide you through contract negotiations and investment opportunities.
• Prioritize Health: Make physical health and injury prevention a priority. A full professional career can lead to greater long-term financial stability and opportunities.
• Diversify Income Streams: Explore various revenue sources outside of the sport, such as endorsements, investments, or ventures in entrepreneurship. This strategy can create a safety net in case of unforeseen events.

Mitchell’s experiences highlight not just the thrill of victory but also the lessons learned from setbacks. By addressing these challenges head-on and adopting a proactive approach to financial management, he exemplifies how athletes can transform adversity into opportunity and build a sustainable financial future beyond their playing days.

Financial Lessons from Malcolm Mitchell’s Experience

The financial journey of Malcolm Mitchell offers invaluable insights into the challenges and opportunities faced by professional athletes. Transitioning from the adrenaline-fueled world of the NFL to managing personal finances is a hurdle that many sports stars encounter. Through Mitchell’s experience, we can distill fundamental lessons that not only apply to athletes but can also resonate with anyone looking to enhance their financial acumen.

Mitchell’s story underscores the significance of financial literacy. After achieving fame as a wide receiver with the New England Patriots, he recognized that earning a substantial income does not automatically equate to long-term financial security. One of the critical lessons from his journey is the need for understanding financial fundamentals, such as budgeting, investing, and saving. He began to advocate for financial education, emphasizing that many young athletes are often unprepared for the complexities of wealth management. Investing in personal finance education, whether through formal courses or mentorship, is a proactive step anyone can take to safeguard their financial futures.

Moreover, the importance of building a diverse portfolio cannot be overstated. While some may view sports contracts as a primary source of income, the reality is that these earnings can be unpredictable and often short-lived. By diversifying income streams-through investments in real estate, stocks, or even entrepreneurial ventures-athletes and ordinary individuals alike can create a more stable financial foundation. This approach not only cushions against the volatility of professional sports careers but also fosters adaptability in ever-changing markets.

In addition to practical financial strategies, Mitchell’s experience reminds us of the significance of mentorship and leveraging expertise. Surrounding oneself with knowledgeable advisors-be it financial planners, accountants, or business mentors-can greatly influence financial outcomes. Finding trusted professionals who understand market dynamics and can offer tailored advice is essential for making informed decisions. Mitchell’s journey illustrates that seeking guidance and cultivating relationships within the financial space can empower individuals to make wiser choices and avoid common pitfalls.

In conclusion, Malcolm Mitchell’s narrative is more than a tale of athletic achievement; it is a platform for crucial financial lessons. By prioritizing financial literacy, diversifying income sources, and seeking mentorship, individuals can navigate their own financial journeys with confidence and foresight. These lessons resonate not just within the realm of sports, but across various life paths, providing a roadmap for achieving sustained financial well-being.

Comparing Malcolm Mitchell to Other NFL Players

When examining the financial journey of NFL players, Malcolm Mitchell stands as an intriguing case study, particularly when contrasted with other players in the league. With a unique path that intertwines professional football and entrepreneurial pursuits, his story showcases how various financial strategies can influence an athlete’s net worth over time.

Malcolm Mitchell, renowned for his standout performances with the New England Patriots and his impactful presence off the field, diverges in several ways from his contemporaries. While many NFL players amass wealth primarily through lucrative contracts and endorsements, Mitchell has also carved a niche for himself in the literary world. His commitment to literacy – highlighted by the release of his children’s book aimed at promoting reading among young audiences – not only amplifies his personal brand but also opens avenues for additional income streams. This alignment with philanthropic efforts sets him apart from peers who may focus solely on conventional endorsements.

Comparative Financial Strategies

• Contract Earnings: Mitchell’s contract with the Patriots, while significant, may not match the record-breaking deals of higher-profile players like Aaron Rodgers or Patrick Mahomes, who have secured contracts exceeding $100 million. However, Mitchell’s strategy illustrates that a diverse approach can yield sustainable wealth.
• Endorsements: While Mitchell does engage in endorsements, many like Odell Beckham Jr. have maximized their brand through high-profile partnerships with major companies. This serves as a lesson for Mitchell and similar players to expand their brand presence through strategic alliances.
• Post-Career Ventures: The financial journey post-retirement is critical. Players like Tom Brady have transitioned into successful business ventures, establishing themselves as entrepreneurs. Mitchell’s early initiatives towards literacy could serve as a foundational step in building a similar entrepreneurial profile.

Fortunately, examining these aspects allows for a broader understanding of how financial decisions can affect an athlete’s legacy. Each player’s path offers distinct lessons on wealth management, brand building, and the importance of planning for life after the NFL. As emerging strategies continue to redefine success in the league, Malcolm Mitchell’s unique approach emphasizes the potential of diversifying one’s income sources while remaining committed to personal passions and social responsibility.

Future Prospects: Where Is Malcolm Mitchell Now?

Since his departure from the NFL, Malcolm Mitchell has embarked on a compelling journey that showcases his passion for education and social impact. The former New England Patriots wide receiver isn’t just known for his game-winning catches; he’s also making strides in the literary world and community engagement.

Mitchell’s post-football career is marked by his advocacy for literacy and education. After experiencing a personal challenge related to reading while in college, he became determined to address the literacy crisis affecting many children in the United States. To that end, he founded “Dream Big!,” an initiative created to promote reading and make a positive impact on young lives. This project not only highlights his commitment to education but also emphasizes the importance of reading as a foundational skill. Mitchell has participated in various reading programs, directly interacting with children to inspire a love for books, thereby turning his personal challenges into community-focused solutions.

In addition to his advocacy work, Mitchell has also turned his love for storytelling into a successful author career. He published a children’s book titled The Magician’s Hat, a whimsical tale that underscores the transformative power of literature. His ability to connect with young audiences through storytelling exemplifies his dedication to fostering a new generation of readers. The book has been well received, further solidifying his role as an influential figure beyond the football field.

Mitchell’s ventures highlight a broader financial narrative as well. While NFL salaries can be substantial, transitioning to a sustainable career afterward is crucial for athletes. Malcolm has adeptly blended his passions with entrepreneurship, showing that building a personal brand and leveraging one’s platform can lead to lasting success. For aspiring athletes and professionals, this approach signifies a template for post-career planning-it emphasizes the importance of diversifying income streams and engaging with communities.

In summary, Malcolm Mitchell has forged a path that extends beyond the NFL, illustrating how athletes can harness their experiences to create meaningful societal impact. His efforts in literacy advocacy, combined with successful literary ventures, not only contribute to his financial stability but also reinforce an essential lesson: investing in your passions can yield remarkable returns both personally and financially.

Key Takeaways from Malcolm Mitchell’s Financial Journey

Malcolm Mitchell’s ascent from NFL star to financial literacy advocate offers a fascinating lens through which to view the often tumultuous financial life of professional athletes. While many in the sports world face significant challenges in managing their wealth, Mitchell’s journey emphasizes the importance of education, planning, and resilience. His experience underscores that with the right approach, athletes can not only achieve substantial financial success but also contribute positively to their communities.

One of the key lessons from Mitchell’s financial journey is the critical role of financial education. After entering the NFL, he quickly recognized that the vast sums of money at his disposal came with equal responsibility. Instead of relying solely on agents or financial advisors, Mitchell took the initiative to learn about personal finance, investments, and budgeting. This foundational knowledge allowed him to make informed decisions regarding his money, decreasing the likelihood of falling victim to common pitfalls like overspending or poor investments.

Strategic Financial Management

Mitchell’s experience emphasizes the necessity of strategic planning in managing wealth. He adopted a methodical approach to handling his NFL earnings, focusing on long-term financial stability rather than short-term luxuries. This strategy includes:

• Creating a Budget: Establishing a realistic budget that accommodates both personal needs and investment goals.
• Diversifying Investments: Allocating funds into various investment vehicles to reduce risk and promote growth.
• Emergency Savings: Setting aside a portion of his income for unexpected circumstances, ensuring a financial safety net.

Mitchell also navigated the treacherous waters of financial planning with the help of trusted professionals. He emphasizes the value of surrounding oneself with a knowledgeable team-financial advisors, accountants, and attorneys-who can provide guidance tailored to an athlete’s unique situation.

Community Engagement and Legacy

Apart from his financial acumen, Malcolm Mitchell has leveraged his platform to advocate for financial literacy within his community. Recognizing that many young athletes may not have access to proper financial education, he has actively participated in various initiatives aimed at teaching the importance of smart money management. His commitment to education, both personally and professionally, showcases how financial responsibility can extend beyond personal gain to positively impact society as well.

Ultimately, the most vital takeaway from Malcolm Mitchell’s financial journey is the recognition that wealth is not merely about accumulation, but rather about how effectively it is managed and utilized. By prioritizing education, crafting strategic plans, and engaging with the community, athletes can create a sustainable financial future that empowers them and others long after their playing days are over.

Faq

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Q: What is Malcolm Mitchell’s net worth in 2023?
A: As of 2023, Malcolm Mitchell’s net worth is estimated to be around $1 million. His earnings stem from his NFL career with the New England Patriots and savvy financial decisions post-retirement. For more insights into his financial journey, refer to the full article.

Q: How did Malcolm Mitchell make his money in the NFL?
A: Malcolm Mitchell made his money in the NFL primarily through his rookie contract with the New England Patriots, endorsement deals, and performance bonuses. His financial acumen also played a role in growing his wealth after his playing days were over.

Q: Why did Malcolm Mitchell retire from the NFL?
A: Malcolm Mitchell retired from the NFL primarily due to persistent injuries that affected his performance. He shifted his focus to advocacy for literacy and his business ventures, illustrating a successful transition from sports to entrepreneurship.

Q: What business ventures has Malcolm Mitchell pursued after the NFL?
A: After retiring from the NFL, Malcolm Mitchell launched initiatives to promote literacy and authored children’s books. These endeavors not only reflect his passion for education but also contribute to his financial portfolio and philanthropic efforts.

Q: How does Malcolm Mitchell’s financial journey compare to other NFL players?
A: Compared to other NFL players, Malcolm Mitchell’s financial journey emphasizes sustainability and education. While many players face financial challenges post-career, Mitchell leverages his platform for societal impact, showcasing a unique approach to athlete wealth management.

Q: What lessons can we learn from Malcolm Mitchell’s financial journey?
A: Malcolm Mitchell’s financial journey teaches the importance of financial literacy, strategic investment, and pursuing passions. By diversifying income streams and engaging in philanthropic efforts, individuals can create lasting legacies beyond their primary career paths.

Q: When did Malcolm Mitchell win the Super Bowl?
A: Malcolm Mitchell won the Super Bowl LI with the New England Patriots in 2017. His standout performance, particularly in the clutch moments of the game, not only contributed to his team’s victory but also enhanced his marketability.

Q: Where can I find more information about Malcolm Mitchell’s post-NFL career?
A: For more information about Malcolm Mitchell’s post-NFL career, including his advocacy work and business ventures, check out the full article, which details his impactful journey and contributions to society.

By structuring this FAQ section in a way that addresses common inquiries with concise answers, this format is designed to attract user engagement, improve search engine visibility, and encourage deeper interaction with the content.

To Conclude

As we’ve explored in “Malcolm Mitchell Net Worth: NFL Star’s Financial Journey,” his remarkable achievements both on and off the field showcase the importance of wise financial management in the world of sports. If you’re inspired by Malcolm’s story, consider diving deeper into the intricacies of athlete finances with our articles on “How NFL Players Build Wealth” and “Understanding Endorsement Deals.”

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