On Monday, Rice was released by the Ravens and suspended indefinitely by the NFL after TMZ released a video of Rice punching his then-fiancee and knocking her unconscious.
Complete Ray Rice Coverage
"Most football shoe deals are nominal in cost," Forbes' Matt Powell wrote Monday. "Nike did not use Rice much in marketing, so there is no real loss there."
Nike is also the official uniform supplier of the NFL.
President Obama responds to Ray Rice domestic violence video
- Dan Gartland