The buzz around Speedo's LZR Racer suit made Nike permit its swimmers to wear the competitor's suit in competition. But Eric Wright of sponsorship-monitoring firm Joyce Julius & Associates Inc. said at least three non-Speedo athletes have covered up Speedo's logo.
"Usually they were throwing a piece of black tape over the logo," said Wright, vice president of research for the firm.
Wright said he didn't know the athletes' identity. But in a replay of NBC's broadcast of Monday's 4x100 meter relay, Speedo's logo doesn't show on suits worn by Nike athletes Cullen Jones or Jason Lezak. The latter anchored the winning team, with the fastest-ever split.
Wright figures Speedo has lost 30 seconds of exposure in men's and women's races -- "which comes to $750,000 of value if you're comparing it to ad buys."
Nike also is getting a lift from Michael Phelps' five gold medals. Speedo sponsors Phelps, but Nike's deal with the U.S. Olympic Committee requires him to wear a Nike sweatsuit in receiving medals. That has led to 3 1/2 minutes of prime-time TV exposure through Wednesday morning or $5.3 million in equivalent ad spending, Wright said. Speedo has gotten nearly 2 1/2 minutes from Phelps wearing its suit, he said.