Earlier this year, WNBA No. 1 overall pick Caitlin Clark made headlines by signing a groundbreaking endorsement deal with Nike valued at $28 million over the next eight years.
NBA and WNBA players will be wearing Nike uniforms until at least 2037 under a 12-year contract extension the leagues announced Monday.
Nike's deal with the NFL now extends through 2038. Nike will continue to be the exclusive uniform provider for the NFL through 2038, a position it has held since 2012. The deal comes after the NFL briefly held talks with other bidders competing for the agreement.
Basketball fans were stunned when former Iowa women's basketball star and 2024 WNBA first overall pick Caitlin Clark signed a lucrative 8-year, $28 million deal with Nike, including a signature shoe.
PHOENIX (AP) — Kevin Durant and Nike have agreed to a lifetime contract, making him just the third NBA player to receive such a deal, joining Michael Jordan and LeBron James. The 13-time All-Star has a relationship with Nike that dates back to 2007, releasing 15 different sets of shoes. A 16th is coming soon.
Already, Clark has endorsement deals with many companies including, but not limited to, Nike, Gatorade, State Farm, Wilson, Panini America, Xfinity and Gainbridge.
Nike retains NBA uniform contract for further 12 years. The brand will continue to design and manufacture NBA, WNBA, and G League uniforms until 2037.
VERDICT. 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.
1 overall pick Caitlin Clark made headlines by signing a groundbreaking endorsement deal with Nike valued at $28 million over the next eight years. As part of the deal, Nike agreed to create a signature shoe for the Indiana Fever guard, marking a significant milestone in her career.
How to write an effective business contract agreement #1 Incorporate details about relevant stakeholders. #2 Define the purpose of the contract. #3 Include key terms and conditions. #4 Outline the responsibilities of all parties. #5 Review and edit. #6 Provide enough space for signatures and dates.