Legendary NBA coach Pat Riley's foresight in trademarking the term 'three-peat' is set to benefit him as the Kansas City Chiefs aim for their third consecutive Super Bowl victory. Riley, who never achieved a three-peat himself, will profit from the Chiefs' merchandise sales, donating all proceeds to his family foundation.
Pat Riley, a legendary NBA coach, might be the biggest Kansas City Chiefs fan today. Nearly four decades ago, Riley was ahead of his time. After securing his second consecutive championship with the Los Angeles Lakers in 1988, he aimed for a three-peat. However, Riley's business acumen kicked in, and he filed a trademark for the term 'three-peat.' A search of the United States Patent and Trademark directory reveals that Riles & Company Inc., owned by Riley, holds the rights to the term.
Riley, unfortunately, couldn't capitalize on his foresight as the Lakers fell to the Detroit Pistons the following season. But when the Chicago Bulls achieved three consecutive championships in 1993, Riley's pockets grew. He also benefited financially when the Bulls completed another three-peat in 1998 and when the New York Yankees accomplished the feat in 2000.No professional North American sports team has claimed three consecutive titles since the Lakers, led by Phil Jackson, Kobe Bryant, and Shaquille O'Neal, from 2000 to 2002. Now, the Kansas City Chiefs are striving to become the first NFL team to secure three consecutive Super Bowl victories. The Chiefs and Riley have reached an agreement allowing the Chiefs to sell 'three-peat' merchandise. While the exact percentage of Riley's profit remains undisclosed, he intends to donate all proceeds to the Pat Riley Family Foundation. Typically, licensees pay a royalty of 10% to 15% on the price of an item featuring a trademarked logo. If the Chiefs fall short of their three-peat goal, it will mark the Philadelphia Eagles' second championship after their first in 2018. This marks the Chiefs' fifth Super Bowl appearance in the last six seasons.
SUPER BOWL NFL KANSAS CITY CHIEFS PAT RILEY THREE-PEAT TRADEMARK PHILADELPHIA EAGLES
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pat Riley Graciously Allows NFL to Use Three-Peat on Merchandise if Chiefs WinPat Riley will get paid if the Chiefs three-peat.
Read more »
Chiefs Strike 'Three Peat' Merchandise Deal With Pat RileyThe Kansas City Chiefs have secured a deal with Pat Riley, allowing them to produce 'Three Peat' merchandise if they win Super Bowl LIX. This comes as the Chiefs aim for a historic three-peat, facing the Philadelphia Eagles in the Super Bowl.
Read more »
Pat Riley's 'Three-Peat' Trademark Could Impact Super Bowl MerchPat Riley, the former NBA head coach and current president of the Miami Heat, owns multiple trademarks for the phrase 'three-peat.' This could affect the use of the term on Super Bowl merchandise, as the Kansas City Chiefs have a chance to become the first NFL team to win three consecutive Super Bowls.
Read more »
Laid-Back Pat: As the Chiefs chase Super Bowl history, Patrick Mahomes exudes a steadying calmIn leading the Chiefs' third-straight Super Bowl next weekend, Mahomes was what those in the Kansas City locker room — players and coaches alike — have come to appreciate as 'Laid-Back Pat.'
Read more »
B. Riley Faces More SEC Scrutiny Over Franchise Group DealingsB. Riley Financial Inc. received additional subpoenas from the U.S. Securities and Exchange Commission (SEC) seeking information about its dealings with now-bankrupt Franchise Group (FRG) and a personal loan for Chairman Bryant Riley. The SEC is investigating B. Riley's past investments in FRG and Riley's pledge of B. Riley shares as collateral for a personal loan. This comes amid an ongoing SEC probe into B. Riley's relationship with former FRG CEO Brian Kahn. B. Riley maintains it is cooperating fully with the SEC and that the subpoenas do not indicate any violations of law.
Read more »
Super Bowl Showdown: Chiefs vs. Eagles - Gronkowski Predicts a Chiefs VictoryFormer NFL tight end Rob Gronkowski predicts a Kansas City Chiefs victory in the upcoming Super Bowl matchup against the Philadelphia Eagles, citing Patrick Mahomes's impressive record against Eagles defensive coordinator Vic Fangio. The article analyzes both teams' strengths and weaknesses, highlighting the Eagles' powerful offense and formidable defense, while acknowledging the Chiefs' experience and Mahomes's dominance.
Read more »