LeBron James and Nike Sign Lifetime Contract
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ChinaFotoPress/ChinaFotoPress via Getty Images(CLEVELAND) — LeBron James has signed a deal with Nike that will last through his lifetime.
According to ESPN, the Cleveland Cavaliers forward and basketball star’s agreement with the athletic company could be the largest single-athlete guarantee in company history.
So far no word on how much the deal is, but according to ESPN a source said the deal “easily surpasses” Oklahoma City Thunder forward Kevin Durant’s Nike deal for $300 million over 10 years signed last summer.
“It’s been an unbelievable time for myself and my family, and I’m just grateful that Nike and [Nike founder] Phil Knight and everyone over there just believed in a skinny-old, skinny 18-year-old kid from Akron, Ohio, and I’m happy to be a part of such a great company,” James said to reporters after practice Monday.
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