Nike to sign Caitlin Clark to deal as hotly contested sweepstakes comes to end: report [FOX Business Network]
Nike, Inc. (NKE)
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Source: FOX Business Network
The Caitlin Clark shoe deal sweepstakes reportedly came to an end Sunday with Nike being the one to ink the Indiana Fever rookie to a deal over the likes of Adidas, Under Armour and Puma. Clark is expected to sign an eight-year deal worth up to $28 million, The Wall Street Journal reported. Nike signed Clark in 2022 before she became the talk of the sports world with her masterful performance in the 2023 NCAA Women's Basketball Tournament and her record-breaking season in 2023-24 where she set the all-time scoring marks in the game. Nike's deal with Clark was set to expire in 2024, opening her up to free agency. According to The Wall Street Journal , Clark commanded an average salary of $3 million per year. Nike not only made the offer of $3.5 million annually, but bet that Clark's potential wouldn't just transcend women's sports in the U.S. They reportedly looked toward her being a major part in the Olympics in 2028 in Los Angeles and 2032 in Brisbane, Australia. Nike's offe
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NKE
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- 3/21/24 - Beat
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- 3/21/24 - Form 8-K
- 3/11/24 - Form 8-K
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