Sports / Basketball

LeBron James signs lifetime contract with Nike

(Xinhua) Updated: 2015-12-09 08:57

WASHINGTON - American basketball star LeBron James has signed a lifetime contract with sporting goods giant, Nike.

LeBron James signs lifetime contract with Nike

Cleveland Cavaliers forward LeBron James (23) reacts in the third quarter against the Orlando Magic at Quicken Loans Arena.  [Photo/Agencies]

The contract is believed to be the largest in Nike's 44-year history and it is also the first time that Nike has officially given a lifetime deal, local press reported on Tuesday.

However, Nike didn't disclose the exact terms of the contract.

According to ESPN, it would be easily more than the 10-year, 300 million dollars contract Nike signed with basketball star Kevin Durant - an Oklahoma City Thunder player.

"We have already built a strong LeBron business over the past 12 years, and we see the potential for this to continue to grow throughout his playing career and beyond," Nike said in a statement.

James, 30, signed a seven-year, 90 million dollars contract with Nike before he was drafted by the Cleveland Cavaliers in 2003. In 2010, James re-signed with Nike and reportedly earned as much as 30 million dollars annually.


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