Background
The rule is informally named after soccer star David Beckham, in anticipation of MLS teams signing lucrative deals with internationally recognized players of Beckham's caliber. As it turned out, Beckham was indeed the first player to be signed under this rule, signing a lucrative contract with the Los Angeles Galaxy worth up to $250 million over five years, with direct guaranteed compensation from MLS and Galaxy at $6.5 million a year. The rest of Beckham's increased earnings would come from Beckham regaining the entirety of his image rights, which Real Madrid had owned fifty percent of, effectively doubling his existing endorsement income, as well as new endorsement deals, a share of jersey sales, bonuses, etc.
Read more about this topic: Designated Player Rule
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