| Sep 1, 2014
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.
| Aug 31, 2014
| 8:39 AM
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...
| Aug 29, 2014
| 3:14 PM
Kevin Love was the latest All-Star to bail on his club, forcing a trade and ending up on Team LeBron.
Which star will break a city's heart?
Love demanded that Minnesota move him, warning the Timberwolves that was not going to re-sign...
| Aug 18, 2014
| 9:13 PM
He entered from the stands, swaggering into Staples Center through the crowd like a prizefighter in dress slacks, pinstripe shirt and Clippers cap.
A rap song screamed and the balding middle-aged man screamed with it, weaving through stunned and...
| Aug 12, 2014
| 1:21 PM
The Sports Xchange
G Williams signs with Heat
The Miami Heat confirmed Tuesday that free agent guard Reggie Williams signed a contract with the team.
No financial details were released by the Heat, but the Miami Herald reported it was a one-year deal...