Kevin Durant has reportedly been offered more than a quarter of a billion dollars to endorse athletic clothing company Under Armour, sources close to the Oklahoma City Thunder star are claiming.
The NBA All-Star is being courted by the clothing brand, which has started a bidding war with Nike over his endorsement. This week Durant’s representation Roc Nation Sports informed Nike of the massive Under Armour offer, which is reported worth between $26.5 million and $28.5 million a year for ten years.
Under Armour is based out of Maryland, close to Durant’s hometown of Seat Pleasant. The possible deal with Under Armour, combined with LeBron James’ decision to return to Cleveland, has sparked some speculation that Kevin Durant could one day return to his hometown team, the Washington Wizards.
Durant told Ramona Shelburne of ESPN, “It’s hard to talk about that right now when I’ve got two years left in Oklahoma City. I’m just going to focus on that. I’m not going to make a decision based on what anybody else does. I grew up watching the Bullets/Wizards. I grew up taking the train to that arena, all the time, to watch Georgetown, the Bullets, the Washington Mystics. That whole city is a part of me. It’s in my blood. I love going back home, seeing my family and playing there, but I love Oklahoma City too.”
The Under Armour deal reportedly contains more than just a big paycheck. Kevin Durant would also receive stock and other incentives, including a community center built in his mother’s name.
Nike now has the right to match the offer, and may have an incentive to keep Durant with them. Sports apparel bearing his name brought $175 million to the Oregon-based company last year.
Under Armour could use Durant’s services as well; The company hit $3 billion in revenue last year, but only about 1 percent came from the sale of basketball shoes.
Kevin Durant has shown commitment to Nike in the past, however. In 2007, before he even played in the NBA, Durant took a $60 million deal with Nike that was $20 million less than what Adidas had offered.
[Image Via equniu.com]