Entertainment

18 High-Profile Athletes Who Lost Endorsements

Despite their tremendous strength, speed, agility, and finesse, athletes are just like the rest of us; they eat, breathe, and sleep. They make mistakes. Unlike most of us, however, their mistakes can cost them millions of dollars. Here are 18 athletes who lost endorsements.

Big time sponsors like Nike and Pepsi hire athletes to market their product and bring a well-known face and image to their brand. When an athlete gets caught doping or falsifying a police report, that sponsor faces the tough decision on whether they think the athlete in question is still marketable. Or, whether they need to cut ties.  

Some sports stars cut by sponsors are released from their endorsement deals immediately, some get the benefit of the doubt. Nike, a company that stuck with Michael Phelps even through two DUI arrests, shredded Jason Giambi's contract after mere allegations of his steroid abuse. Nike initially cut Michael Vick after he was tied to an illegal dogfighting ring, but then returned to the quarterback after his successful comeback to the grid iron, following his 21 months spent in a federal prison.

From getting caught taking steroids to saying really stupid things on social media to even murder allegations, athletes can do 1,000 different things to tarnish their image and lose millions in endorsements. Check out which athletes who lost sponsorships weathered the storm and which could never recover.

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