Under Armour Offers Kevin Durant $285 Million Deal
Kevin Durant won an MVP award earlier this year. Now he looks to win a $285 million sneaker deal.
ESPN's Darren Rovell reports that Durant received an endorsement offer from Under Armour worth between $265 million and $285 million over ten years. The deal includes cash, stock options, and even a community center named after Durant's mother, whom he praised in the acceptance speech for his MVP Award.
The Oklahoma City Thunder pays the forward just north of $20 million a year. So, should the Under Armour deal go through, Durant would essentially make more money from wearing sneakers than playing basketball.
Durant finds himself at the tail end of a seven-year, $60 million deal with Nike, which has the right to match Under Armour's offer.
"Moving to Under Armour likely would mean Durant would have to adopt a new logo," Rovell reports. "Nike had used 'KD' as early as 2008 but was actually granted the trademark for it in January. Durant doesn't own any trademarks, though in February he did file an application with the U.S. Patent & Trademark Office to trademark 'Sniper Jones,' his rap name, on such items as fragrances, shoes and apparel."