According to ESPN’s Darren Rovell and Marc Stein, Nike has exercised its right to match any rival shoe company’s offer to Kevin Durant.
Nike has matched Under Armour’s offer of between $265 million and $285 million dollar contract and sources believe they will be able to keep Kevin Durant for the next 10 years.
Therefore, it looks like KD will be staying with Nike and we’ll be seeing more Nike KD 7 colorways for Fall/Winter 2014. Stay tuned to Sneaker Bar for more updates as the story develops.
But on Saturday, Nike officials told Durant and his team at Jay Z’s Roc Nation Sports that it would indeed step up enough to allow the world’s largest shoe and apparel company to keep him in its robust stable of basketball endorsers that includes LeBron James and Kobe Bryant.
While the exact Nike offer for Durant isn’t known, sources told ESPN that Durant should make more — in base and royalties — than the Thunder will pay him over the next two seasons ($41.2 million). That’s why fans in Oklahoma City were nervous about a possible move to Under Armour, which could have steered him more to returning to his local roots to play for the Washington Wizards when he becomes a free agent after the 2015-16 season.
– Full Story on ESPN
Value of Durant-Nike deal could hit $300M over 10 years based on royalty he gets if business continues to rise.
— darren rovell (@darrenrovell) August 31, 2014
