This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Celebrity Deal Sites: Please Don't Let This Become a Trend

NEW YORK (MainStreet) -- Are you sick of seeing celebrity-endorsed prepaid cards from the likes of Kim Kardashian and Suze Orman? Well, get ready to hate another trend in celebrity personal finance products that might be on the horizon: the celebrity deal site.

For now, we've only seen one: the just-launched TMac's Deals, endorsed by NBA veteran and seven-time All-Star Tracy McGrady.

Should we be bracing for a Kim Kardashian deals site? She already tried a prepaid card and might be inspired to try a Web site by the example of NBA veteran and seven-time All-Star Tracy McGrady and his TMac's Deals.

While celebrity cards such as the infamous Kardashian Kard were often slammed for outrageous fees, there's nothing troubling about McGrady's deal site - though there isn't much to write home about, either. The site is a basic deal aggregator, and one that focuses specifically on products and retailers of interest to basketball fans (and fans of McGrady himself). There's a link to save 10% at Sports Authority, a $5-off coupon code for Lids and several links to products and sales from Adidas (ADS), with whom McGrady has a lifetime endorsement deal.

For now, there doesn't seem to be any exclusive coupons or codes -- that Lids coupon code was on couponing site RetailMeNot a week ago -- so unless you've been looking for a deal site that offers sporting goods deals and Tracy McGrady merchandise almost exclusively, there's not much here you can't find anywhere else. (Except for the site's "video of the day," which features the site's namesake spending 20 seconds discussing the fact it has been a while since he last spoke with former teammate Yao Ming.)

Even if we can't recommend the site to anyone but the most ardent Tracy McGrady fans, we do wish TMac the best of luck with the venture. We also sincerely hope this doesn't kick off a trend of other celebrities starting their own deal sites. While the industry is starting to consolidate a bit, there are still hundreds of daily deal sites and coupon and deal aggregators already out there, so the last thing we need is an onslaught of celebrity-endorsed imitators. We don't think we'd be able to handle it if the Jersey Shore cast came out with a coupon site for gym equipment or if Survivorman's Les Stroud started a daily deal site dedicated to extreme survival gear.

Actually, that second one sounds pretty cool. We wouldn't mind seeing that.

>To submit a news tip, email: tips@thestreet.com.

Follow TheStreet on Twitter and become a fan on Facebook.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,501.65 -12.72 -0.08%
S&P 500 1,875.39 -4.16 -0.22%
NASDAQ 4,126.9670 -34.4910 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs