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Kevin Durant

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  • Nike reportedly matches Under Armour's offer to D.C. native Kevin Durant

    Nike pulled out all the stops to prevent Oklahoma City Thunder star Kevin Durant, a Washington native, from signing a shoe deal with Baltimore-based Under Armour. Durant's seven-year contract with Nike is expiring, and Under Armour reportedly offered him a 10-year deal worth $265million to $285 million. However, Nike has exercised its right to match any rival shoe company's offer to the NBA's reigning Most Valuable Player, according to ESPN. Nike officials on Saturday told Durant and his representatives at Jay Z's Roc Nation Sports that they would match Under Armour's offer. According to the report, Durant likely will make more money from Nike over the next two years than the $41.2 million the Thunder owe him during that span. "For Nike, this was nothing to them," said analyst Omar Saad, senior managing director of International Strategy & Investment's luxury, apparel and footwear team. "They could easily build Durant's business enough, assuming normal margins, where they could generate a cash flow of $60 million a year. And Nike is really good at monetizing its marketing assets, way better than anyone else." It is not clear whether Nike matched Under Armour's deal or offered more.
  • Report: Durant offered $265 million-plus shoe deal

    The Sports Xchange Report: Durant offered $265 million-plus shoe deal Nike pulled out all the stops to prevent Oklahoma City Thunder star Kevin Durant from signing a shoe deal with rival Under Armour. Durant's seven-year contract with Nike is...

    Team USA opens FIBA World Cup against Finland

    Winning the FIBA World Cup won't be the biggest challenge for Team USA. Putting the basketball team together, now that was the hard part. LeBron James, Chris Paul and Carmelo Anthony all said no thanks. Paul George broke his leg in a scrimmage. Blake...

    Who'll be the next star to force trade?

    Kevin Love was the latest All-Star to bail on his club, forcing a trade and ending up on Team LeBron. Who's next? Which star will break a city's heart? Love demanded that Minnesota move him, warning the Timberwolves that was not going to re-sign...

    Big names missing in final U.S. roster for Spain

    (Reuters) - The United States team will travel to Spain without some of the sport's biggest names to defend their title at the Basketball World Cup after a selection process described as one of the "most difficult" in recent years. With marquee players...