Factoring Agreement Contract With Nike In Hillsborough
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Caitlin Clark appears to be on the cusp of setting another record. The most prolific scorer in NCAA Division I history and the No. 1 pick in the WNBA draft will continue her association with Nike by signing a $28 million contract that spans eight years and includes a signature shoe.
False. The narrative that Caitlin Clark turned down a $400 million deal with Nike due to the company's association with Colin Kaepernick was published by a satire website. This article was produced by the Reuters Fact Check team. Read more about our fact-checking work.
Clark's contract is for eight years and worth up to $28 million, reports The Wall Street Journal. ing to ESPN, it would be the largest sponsorship contract for a women's basketball player.
In April 2024, Clark signed an 8-year, $28 million deal with Nike. And many on social media felt Nike waited too long before Clark's first signature shoe. In her rookie season, she only wore a handful of Kobe PEs. Now, Nike is scheduled to release not 1, but 2 shoes for Clark.
Nike is Clark's most lucrative endorsement, ing to Sportico, an eight-year deal she signed in April worth more than $3 million a year on average. Other companies partnering with Clark are Gatorade, State Farm, Panini, Wilson, Hy Vee, Xfinity, Gainbridge and Lilly.
This will help you understand your rights and options. Contact the factoring company. Talk to the factoring company directly and explain the situation. Ask them why the release hasn't been issued yet and when you can expect it. Be polite and professional, but be firm in your request. Get everything in writing.
The factoring company assesses the creditworthiness of the customers and the overall financial stability of the business. Typically, the factoring rates range from 1% to 5% of the invoice value, but they can be higher or lower depending on the specific circumstances.
