Kevin Durant was already a rich man. He plays in a state that loves him, his family surrounds him, oh, and he has a multi-million dollar deal with the Oklahoma City Thunder. But now, he’s a REALLY rich man, potentially set to sign a deal with Under Armour for between $265 and $285 million.
The ball is now in Nike’s court to match the deal, who has it in their contract with KD that they have the option to match or beat any other offer he receives. Nike’s last offer would have given Durant a base and a minimum royalty guarantee that would equal no less than $20 million a year.
Should Under Armour win over Durant, it would be the largest sponsorship deal the company has ever committed to. The average $26.5 to $28.5 million a year would mean that Under Armour would devote nearly 10 percent of its current annual marketing budget on KD.
Durant’s potential move is somewhat surprising if only for the fact that he was one of the most loyal Nike athletes to this point. Sources say he wanted to sign with Nike so bad, he took $20 million less than what Adidas was offering.
But sources say his move to Jay Z’s Roc Nation last summer started to turn the tables, and his new agents were interested in a stronger negotiation.
Moving to Under Armour would also mean that he would have to adopt a new logo. Nike used the “KD” logo as early as 2008, but was actually guaranteed the trademark in January.
Jim Kelly shows 'no evidence' of remaining cancer
Doctors who were treating Hall of Fame quarterback Jim Kelly for sinus cancer found “no evidence” of remaining cancer in a follow-up screening on Tuesday.
Kelly will be evaluated over the coming weeks to determine if further treatment is necessary, but it seems, at least at this time, that Kelly is now cancer free.
He underwent several rounds of chemotherapy and radiation in the spring, followed by a three-month waiting period. Kelly’s wife, Jill, welcomed the news in a note posted on her Instagram account, saying “We have come away from our checkup visit in NYC encouraged and hopeful.”
Followup tests will include biopsies to confirm the cancer has been eradicated.