Bears’ Jeffery Joins Fantex for 13% of His Future NFL EarningsErik Matuszewski
Alshon Jeffery of the Chicago Bears has become the fifth National Football League player to enter a brand contract with Fantex, Inc., which bought 13 percent of his future earnings for $7.94 million in advance of selling shares in the Pro Bowl receiver to the public.
Fantex also has agreements with Houston Texans running back Arian Foster, Buffalo Bills quarterback E.J. Manuel, San Francisco 49ers tight end Vernon Davis and Cincinnati Bengals wide receiver Mohamed Sanu.
In November 2013, Fantex conducted the first initial public offering for a professional athlete at $10 a share for Davis, to whom they paid $4 million for 10 percent of future earnings. Foster was the company’s first partner and pledged 20 percent of the money he earns inside and outside the NFL to the company in exchange for proceeds of his IPO.
Jeffery, 24, had a breakout season last year -- his second in the NFL -- with 89 catches for a career-high 1,421 yards and seven touchdowns. Jeffery was a second-round draft pick of the Bears in 2012 out of the University of South Carolina.