Converse Suing Over Chuck Taylor Copycats Nike Sees 3D Printing As Innovative Tool Adidas Makes Waves With Shoe Hires Nike Golf President Cindy Davis Steps Down Adidas Struggling In U.S. Market Nike Leaving Snowboarding, Freeskiing Industry Nike Revenue Up In Q1 Jon Jones Claims Brawl Cost Him Nike Deal Nike Re-Affirms Commitment To Hope Solo Nike Addresses Terminated Sponsorships
Upcoming Conferences and Events
SBD/31/Sponsorships Advertising Marketing
MICHAEL EXTENDS NIKE DEAL -- JOHNSON, NOT JORDAN
Published January 31, 1997
Olympic Gold Medalist Michael Johnson has agreed to a six-year contract extension with Nike "conservatively" valued at $12M. Brad Hunt, President of CO-based Golf Medal Management, Johnson's management company, said terms of the deal include a Johnson line of Nike training shoes and performance incentives that are "potentially worth additional millions." Johnson: "I have been with Nike all my career, and I am delighted that they have made such a significant commitment to both me and to track & field, giving me every reason to stay with them for the remainder of my competitive career" (Gold Medal Management).