NBA

Kevin Durant may earn up to $285 million in new sponsorship deal

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Kevin Durant has reportedly struck a deal with Under Armour for a 10-year sponsorship deal worth between $265 million and $285 million according to ESPN.com.

The reigning Most Valuable Player in the NBA is certainly one of the hottest commodities in the basketball industry and the Oklahoma City Thunder Star may deter away from his sponsorship with Nike in order to strike an astronomical deal with the company Under Armour.

Durant became the most high profile coup of the Roc Nations sports agency run by Jay-Z and they have reportedly explained to Nike that their client has a deal on the table with Under Armour that will stretch out over 10 years.

The deal will also include stock in Under Armour as well as a community center built in Durant's mother name.

The 25-year-old paid special tribute to his mother Wanda Pratt in his MVP acceptance speech and the extra incentive by Under Armour to build a community center is likely to build a strong relationship with their possible new athlete.

The deal is not set in stone however as Nike will have the opportunity to match the extravagant offer that is on the table, their involvement with the Thunder star saw roughly $175 million retail in this past season and Durant will not be legally able to choose Under Armour if Nike were too match the offer.

With the rumours surrounding the approach from the rival company, sources believe that Nike were already looking to invest further in Durant with a contract offer that would equal no less than $20 million per year.

The incredible deal offered by Under armour would be the largest sponsorship in the companies history, they will have devoted 10% of their annual earnings to the basketball superstar.

Durant has always been a loyal servant of Nike and even refused a much greater offer from Adidas when he first entered the NBA in 2007 in order to sign with the company that he greatly admired.

However sources explain that the impact of Roc Nation and Jay-Z has swayed the opinion of Durant who could be set to jump ship and join Under Armour on a 10-year $265 million deal.

Topics:
Kevin Durant
NBA

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