Vernon Davis has signed a new contract for 2013. No, the San Francisco 49ers tight end wasn’t traded or released. Davis has signed on to be a restaurant franchisee with one of the largest smoothie companies in the United States.
Davis signed a two restaurant deal with Jamba Juice, the California based smoothie company. The new restaurants will be opened in the Santa Clara, California market in the next two years. Under the agreement, Davis also bought out one of the company owned locations in the area and will assume full ownership. If the two restaurant deal is successful, Davis has the option to open two additional stores.
Davis had this to say on the deal, “Playing football in California, I have become a huge fan of Jamba Juice products and the Company’s mission to help inspire and simplify healthy living. I am very proud to be associated with a brand that is so committed to helping consumers keep fit and eat healthy. Jamba offers a great line-up of good-tastings, better-for-you products and they have a long history of supporting the community, and especially in addressing the health and wellness needs of children, which is very important to me.”
The 49ers TE will potentially own 5 Jamba Juice locations. Davis isn’t the first NFL player to sign on to purchase restaurants. Denver Broncos quarterback Peyton Manning signed a deal with Papa John’s to own 21 franchised locations of the pizza chain. Manning had a previous relationship as a spokesman for the pizza chain.
Davis should have no trouble putting up the money for the Jamba Juice stores. In 2013, Davis will earn a base salary of $6.1 million and $2.6 million in bonuses. Davis is the second highest paid TE in the league. Hopefully, the ownership of these restaurants will keep him from being one of the bankrupt former stars of the NFL.