MICHAEL EXTENDS NIKE DEAL -- JOHNSON, NOT JORDAN
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).