Tony Hawk recounts turning down a $500,000 upfront buyout offer from Activision for his future royalties immediately before the launch of Tony Hawk's Pro Skater.
“Right before the release, they called me and said, we want to offer you a buyout of future royalties. I said, what does that mean? They said, we want to offer you half a million dollars, and then you won't get royalties going forward. At that time in my life, someone saying a half a million dollars sounded like a half a gazillion dollars. Like I had never heard anyone speak those words unless they're talking about some fantastical person that we will never meet. But I had just bought a new house. I had got a, I got a mortgage that I could finally afford. I had some decent prospects with sponsorships with a competition. I was still competing and I thought now I'm going to let her ride. Like, why not? And that's how I made my first million.”
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