Kevin Wayne Durant is an American professional basketball player, currently playing for the Phoenix Suns of the National Basketball Association (NBA). With the signing of a lifetime contract with Nike- Kevin Durant joins LeBron James and Michael Jordan as the only other NBA players to have received such an offer.
After being selected in the second round by the Oklahoma City Thunder, then known as the Seattle SuperSonics, in 2007, Durant signed a contract with Nike. The 13-time All-Star and Nike partnership has produced 15 distinct pairs of shoes so far, and the 16th is soon to be launched.
In a recent press release Durant stated, “When I first signed with Nike, I couldn’t have dreamed of how far we’d go in this partnership. We’ve done amazing work creatively and philanthropically. We’ve traveled the world together and built a business that will now last forever. I’m excited for the future and honored to be in rare company with this deal.“
“For the past 16 years, Kevin Durant has played a significant role in the Nike family as one of the top basketball players in the world. Together, we look forward to serving the athletes of the future,” added Nike’s senior vice president of global sports marketing, John Slusher. Also Read: Mac Jones Net Worth 2024, Annual Salary, Endorsements, Cars, Houses, Properties, Etc
Kevin Durant Nike Contract Worth
The lifetime contract will continue to encompass footwear and other merchandise, as well as additional philanthropic and community initiatives that support grassroots basketball.
However, the agreement’s terms have not been made public. According to Bleacher Report, Durant earned around $30 million from Nike in 2015. Kevin is one of the greatest athletes of his generation. The NBA’s 75th Anniversary Team was named the 2013–2014 NBA MVP. Durant agreed to a seven-year, $60 million deal with Nike before joining the NBA. After winning MVP honors, Durant received a new contract from the sneaker company, allegedly worth $300 million.
Unsurprisingly, Kevin Durant’s sneaker agreement with Nike is the two-time NBA champion’s largest endorsement contract to date. Despite this, Durant might surpass this total when he returns to the sneaker market after the 2024–2024 season.
Before Nike decided to match the 10-year, $300 million offer from Under Armour, it is said that Durant was on the verge of signing with them. Both Durant and Nike have benefited from his decision to re-sign with them. One of the top-selling items at Nike and in basketball is his signature shoe.
The widespread belief is that Durant will decide to stay with Nike since he is expected to reenter the market following the upcoming season. It wouldn’t be shocking to see Durant become the next player to benefit from the security of a lifetime contract, as shoe companies have started to offer NBA stars such contracts. Also Read: Draymond Green Net Worth 2024, NBA Salary, Sponsorships, Houses, Car Collections, Charity Work, Etc.
When Kevin Durant retires, will his Nike shoe contract still pay him?
A kicker in Kevin Durant’s shoe contract with Nike reportedly will pay him $50 million when he leaves the NBA. Although the contract is set to expire before Durant retires from basketball, he will be assured of a sizable payout whenever he decides to hang up his studs on his illustrious career.
Given that Durant technically has the right to leave Nike after the 2024–2024 NBA season, other businesses will undoubtedly try to woo the four-time scoring champion away from the athletic footwear giant. As he did with Under Armour, Durant might use other businesses as a negotiating tool. Both parties have benefited much from the agreement, thus it is doubtful that they will want to separate ways.
Durant will have earned nearly $500 million from his NBA salaries by the end of his current contract, in addition to the $360 million he will have earned from Nike by the end of the upcoming season. Durant’s career earnings could already be above $1 billion with over $860 million from the NBA and Nike alone. With his next shoe contract, Durant should easily clear that mark. Also Read: Devin Booker Net Worth 2024, NBA Salary, Endorsements, Houses, Cars, Charities, Etc.
Frequently Asked Questions about Kevin Durant
Q. How old is Kevin Durant?
Ans. Kevin Durant is 34 years old.
Q. Where was Kevin Durant born?
Ans. Kevin Durant was born in Washington, District of Columbia.
Q. How much does Kevin Durant weigh?
Ans. Kevin Durant weighs 240 lbs (108 kg).
Q. Is Kevin Durant in the Hall of Fame?
Ans. Kevin Durant is not in the Hall of Fame.
Q. What position does Kevin Durant play?
Ans. Small Forward, Power Forward, and Shooting Guard.
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