Kevin Durant Signs Contract with Nike Through 2024

Under Armour recently approached Durant with a monster proposition, but Nike had the chance to match and opted to do so. That ensures Durant will remain with the company as he enters the prime of his career.

Rovell and Marc Stein previously reported for ESPN.com that Nike countered an offer from Under Armour in the $265-285 million range. Nike felt the amount was enough to retain Durant, and Sunday's news proves it indeed was.

Jeff Zillgitt of USA Today points out in his report how Durant's current seven-year deal with Nike, worth approximately $60 million, is expiring on Sunday. Zillgitt also offered his analysis and further details regarding the reported Nike deal:

"While the final dollar amount is expected to rival and perhaps surpass what Under Armour offered, this is a coup for Jay-Z's Roc Nation Sports, which proved it can procure a financially significant endorsement deal."

http://bleacherreport.com/articles/2182714-kevin-durant-reportedly-signs-contract-with-nike-through-2024