Alex Ovechkin just landed on another magazine cover. This time it’s the Russian Forbes and Ovi looks very serious about it.
In the accompanying article, the business side of Ovechkin’s hockey career is intimately discussed, including the Russian machine’s 13-year NHL contract and why he decided to drop Don Meehan as an agent early in his career – opting instead to make decisions as a family.
Forbes also reports that Ovechkin makes $2-3 million per year through endorsement deals, which is “one of the best in American hockey.” No longer signed with management group IMG (whom he paid commissions per deal with), Ovechkin now works directly with David Abrutyn, who manages Ovechkin’s marketing ventures. Abrutyn gets a percentage of the advertising contracts Ovechkin signs. Forbes estimated it could be no higher than 15%.
“Sasha is not an oligarch,” Tatyana Ovechkina told Forbes when asked about her son’s financial strategy. “He is an athlete. You better not write about how much he has in his bank account. You should talk about how Sasha helps six orphanages in Russia and children with disabilities in the United States. And he does it with all his heart.”
Forbes reveals Ovechkin has “about a dozen cars,” which means the Capitals captain has gotten more automobiles since 2013 when it was reported he had seven. The Russian machine also invests his money in US bonds.
After his hockey career ends, Ovechkin is still unsure what he might do. He told Forbes he might become a coach or start his own business.
Additional Photos
Photos: Forbes
Thanks to Steve Angeline for the heads up.
