After getting a massive offer from Under Armour, Kevin Durant is staying with Nike, after the company exercised its contractual right to match any rival shoe company’s offer to the NBA star.
Sources told ESPN on Sunday (Aug. 31) that Nike countered Under Armour’s offer of between $265 million and $285 million, inking KD for the next 10 years.
Their previous seven-year deal, which guaranteed Durant $60 million, is expiring. Nike made an initial offer of about $20 million a year, but Durant and his management (Roc Nation Sports) wanted more. With Under Armour making such a huge page for him, many believed Nike wouldn’t match… but have.
Details about Nike’s exact offer were unknown at press time. However, sources tell ESPN that Durant should make more in base and royalties than the Thunder will pay him over the next two seasons ($41.2 million).