Nike'S High Price Matches Durant'S Signature Shoes Will Succeed In Trading

ESPN Reporter Darren Rovell and Marc Stein reported that there was news source that Nike had matched Under Armour's offer to thunder striker Kevin Durant, so Durant will stay in Nike.

The source said Nike's matching offer was 10 2.65-2.85 billion. Nike's 7 year 60 million contract with Durant is about to expire. they Initially, Durant was offered an annual offer of about 20 million. After the offer was made by UA, Nike was considered not to match. But Nike officials notified Durant and his brokerage firm on Saturday of us time that they would match the offer.

Sources said that although the specific figures are not known, Durant and Nike's new contract annual salary will be higher than his contract with thunder (2 years 41 million 200 thousand).

According to SPortsOneSourCE statistics, Durant The signature shoe "KD" generated a revenue of $175 million. But according to sources from the retail sector, Nike still has much room for improvement in Durant's signature shoes at a price of $125 and Limited stores. The source said Nike could raise the price of its shoes and set up more branches to make the deal worth the money.

A source close to Durant said that although the amount of the contract was high, the decision brought pressure on Durant. The source said that staying at Nike made Durant feel relieved because he could get a big contract without being linked to the risk of the UA shoe market.