Another day another lawsuit..zzzzzzz!!! TMZ reports that Nike filed a lawsuit against Reebok this week — just one day after the Jets officially announced the Tim Tebow trade — and according to the suit, Reebok’s new Jets merch bearing Tebow’s name (above) is in violation of a 2010 Nike-Tebow endorsement deal.
According to the deal, Nike’s got sole merchandising rights to all things Tebow … and Nike alone.
A rep for Nike released a statement, claiming,
“We have filed a complaint relating to unauthorized use of Tim Tebow’s name on New York Jets related apparel. Nike is authorized and licensed to use Tim Tebow’s name on products.”
It’s unclear what apparel Nike’s specifically bitching about — but Reebok’s 10-year, $250 million apparel deal with the NFL expires this month. Nike is slated to take over in April with a 5-year deal, worth roughly $35 million a year.
As for the 2010 endorsement deal — Nike made off like a bandit, signing Tebow before his jersey became one of the most sought-after in the league … for $300,000 a year.
Don’t try to play NIKE they will CHECK your a$$..lol..get it..CHECK like the Nike sign? Ahhh forget it!
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