Nike has matched Under Armour's offer of approximately $285 million to reigning NBA MVP Kevin Durant, according to a report Sunday from Marc Stein and Darren Rovell of ESPN.
The 25-year-old five-time All-Star and four-time league scoring champion has a seven-year deal with Nike that guarantees him $60 million. That contract, however, is expiring. Under Armour offered Durant a deal this summer that was believed to be worth between $265 and $285 million, according to the report.
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Nike has a right to match that offer. According to Stein and Rovell, the company has countered with a deal that the apparel company believes will retain the Oklahoma City Thunder star for the next 10 years. Nike had initially offered Durant a deal that would pay him approximately $20 million per year.
According to the report, the offer that Nike came back with would pay Durant more than the $41.2 million he's slated to make in NBA salary over the next two seasons in Oklahoma City. Durant, who withdrew his name from Team USA after practicing with the squad this summer for the FIBA World Cup, is set to become a free agent after the 2015-16 season.
- Marc Weinreich