Agreement Entertainment Contract With Nike
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FAQ
Assuming the $1.1 billion figure is true, Nike would be paying around $220 million per year. ?(The NFL) was looking for that kind of money, and they got it,? said John Horan, publisher of Glen Mills, Pa. -based Sporting Goods Intelligence.
The two brands announced on Tuesday that a new deal has been signed to replace the current one set to expire in 2020. As part of the arrangement, Nike will continue to supply all 32 NFL teams with uniform and sideline apparel until 2028.
The University of Illinois will continue its long-running partnership with Nike, as the school signed a 10-year extension with the athletic giant on Tuesday.
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.
Illinois and Nike have signed a 10-year extension that will give Illinois about $44.5 million of apparel over the lifetime of the contract, UI associate athletic director Marty Kaufmann told IlliniInquirer.com on Tuesday. "It's a great deal for us," Kaufmann said moments after the university announced the deal.