Aug 21, 2014, 8:00 AM EDT
When Kevin Durant signed his first shoe contract with Nike, he actually took a reported $20 million less than adidas offered because Durant love Nike’s shoes and wanted to wear them, maybe someday have his own line.
It’s not that way with Jay-Z’s Roc Nation representing him.
Under Armour wants into the basketball shoe market badly and needs a big name endorser to lead the brand, and Durant could be that guy. They have made an over the top offer of at leaf $26.5 million a season — now Nike has to decide whether to match it, reports Darren Rovell of ESPN.
Kevin Durant’s representation Roc Nation Sports informed Nike on Wednesday that he has a deal on the table with Under Armour worth between $265 million and $285 million over 10 years, sources told ESPN.com…
Nike, which saw its signature business related to the Oklahoma City Thunder forward grow to roughly $175 million at retail last season, will have the right to match, which is a condition of Durant’s current contract with the brand. Durant can still choose Nike if it doesn’t match but can’t legally choose Under Armour if Nike does.
Under Armour threw other incentives at KD, according to the report from building a community center built named after his mother to some company stock. Nike reportedly offered just north of $20 million a year to Durant, now it has to decide whether or not to match Under Armour.
To me this is the bigger takeaway from this: How much influence Roc Nation seems to have here. Durant was seen as a loyal Nike guy and now he’s on the precipice of leaving the brand to jump to a company better known for football gear and compression pants. It would be a cold business move.
Come the summer of 2016, would Roc Nation and Under Armour (based out of Baltimore, near Washington D.C.) have a big influence on Durant on where he should sign next?
KD’s world is changing fast, and whatever happens between Nike and Under Arrmour we know this — Durant is going to get paid. A lot.
John Wall kicked off plane in Las Vegas after someone in his group allegedly threatened another passenger
May 29, 2015, 12:30 AM EDT
No charges were filed, but …
Bulls GM: Permission would have been granted for other teams to talk to Thibodeau, but ‘nobody called’
May 28, 2015, 11:30 PM EDT
Maybe because they knew Thibodeau would be available eventually.
May 28, 2015, 10:30 PM EDT
Tough to see him as a stronger candidate than at least two others. Unless …
May 28, 2015, 9:45 PM EDT
Thompson was throwing up after the game.
May 28, 2015, 9:00 PM EDT
Players supposedly said they’d avoid team facility this summer if Thibodeau remained the head coach.
May 28, 2015, 8:15 PM EDT
How this was handled raises questions.
May 28, 2015, 7:30 PM EDT
Thibodeau was fired as Bulls head coach on Thursday.
May 28, 2015, 6:45 PM EDT
Wade wants a bigger contract when he opts out this summer.
May 28, 2015, 6:00 PM EDT
The 2012 first-round pick has played in three NBA games.
May 28, 2015, 5:15 PM EDT
Okay Bulls, now find someone better.
Bulls front office on Tom Thibodeau firing: “We probably wouldn’t be sitting here if we won a championship”
May 28, 2015, 4:28 PM EDT
The team believes not beating the Cavaliers was a missed opportunity.
May 28, 2015, 3:30 PM EDT
As he should
May 28, 2015, 2:42 PM EDT
American president tweets about LeBron James and J.R. Smith
May 28, 2015, 2:07 PM EDT
Two words: Vivek Ranadivé
May 28, 2015, 1:30 PM EDT
Clippers center reportedly interested in signing with Dallas
May 28, 2015, 12:55 PM EDT
Kevin Love might leave the Cavaliers in free agency. Cleveland fans, if history is any indication, wouldn’t treat him well if he does. What would Love’s peers think? Colin Cowherd asked Jared Dudley – whom you might remember from saying players avoid Kobe Bryant Bryant and calling Carmelo Anthony the NBA’s most overrated player –…
May 28, 2015, 12:17 PM EDT
Bulls owner Jerry Reinsforf: ‘There must be free and open interdepartmental discussion and consideration of everyone’s ideas and opinions. These internal discussions must not be considered an invasion of turf, and must remain private.’
May 28, 2015, 11:20 AM EDT
Chicago reportedly plans to resolve standoff by Friday
May 28, 2015, 10:41 AM EDT
Denver reportedly has not interviewed Mike D’Antoni
May 28, 2015, 10:01 AM EDT
That seems… connected
- PBT Extra: Did Chicago make the right move in firing Thibodeau? 22
- Bulls front office on Tom Thibodeau firing: “We probably wouldn’t be sitting here if we won a championship” 11
- Bulls fire Tom Thibodeau 61
- Dwight Howard: “I’m still a champion. And I won’t let anyone tell me anything different.” 71
- Rockets had an excellent season. Are they content with that? 23
- Harden struggles, Warriors role players step up leading team to Finals for first time in 40 years 42
- Dwight Howard hit with suspension-triggering technical foul 7
- PBT Extra: Cavaliers’ improved defense helps them to Finals 8