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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).