Kaepernick Campaign Created $43 Million in Buzz for Nike

  • The mostly positive publicity outweighs the outrage on Twitter
  • Nike’s been backing controversial athletes since Prefontaine
Brian Nagel, Oppenheimer senior analyst, says Nike will benefit from signing Colin Kaepernick.Markets: The Open." (Source: Bloomberg)

The controversy surrounding Nike Inc.’s new Colin Kaepernick ad can’t be a surprise to the sportswear company. And in spite of the backlash, it’s probably pretty good for the brand.

In less than 24 hours since Kaepernick first revealed the spot on Twitter, Nike received more than $43 million worth of media exposure, the vast majority of it neutral to positive, according to Apex Marketing Group. That far outweighs the risk of alienating some customers, said Bob Dorfman, a sports marketing executive at Baker Street Advertising.