I own a small bait company and sponsor a bass club currently. I was wondering about what field and pro staff anglers are receiving as compensation. Are there discounts, freebies, what do your sponsors do for you, etc...? Just curious at the moment so I can start setting up my sponsorship program since most posts are about individuals seeking sponsorship and its hard to find things about what the company actually does for you. Thanks for the help and feel free to respond here or pm me!
I fished for a living for several years and also worked for a couple large regional bait companies as their sales rep. So I've been on both side of this equation.
Bait companies have all different levels of sponsorship:
1. They allow an angler to
purchase product at a 40-60% discount on their stuff in exchange for the angler to promote them at tournaments and shows. Boat & tackle shows used to be popular but they have all but gone away.
2. They give the angler Free product in exchange for the angler promoting their product. The amount of Free product varies greatly based upon the recent successes of the angler and how marketable he may be. This is the most popular form of sponsoring and the majority of guys that are "sponsored" are done so in this fashion.
3. They give the angler XX dollars worth of Free product every year to endorse their products. The amount varies widely depending on the activities of the angler. If he is fishing local events, then the amount might be $1,200 a year in Free product based upon "dealer cost pricing." If the angler is a full time guide and/or fishes some larger events like Champs, the amount may be $2-$4K annually in product.
4. They give the angler XX dollars worth of Free product every year and a check to endorse their products. Most regional bait companies are too small to do this level of sponsorship. These are the guys that have made the Bass Master Classic at least once in their careers and have proven to be marketable.
I found this article from Bass Master Magazine. This article is almost 12 years old!!
Consider the total sponsorship dollars that these top-echelon anglers earned in 2006:
• Skeet Reese $600,000
• Gerald Swindle $515,000
• Kevin VanDam $500,000
• Jason Quinn $400,000
• Michael Iaconelli $370,000
• Marty Stone $320,000
Keep in mind that this is just income from sponsors. It does not include tournament winnings or residual income from doing seminars (which can bring as much as $5,000 a day) and other public appearances. https://www.bassmaster.com/news/show-me-money