Nike's Kevin Durant Negotiation: A Tale of Two Sneakers


Photograph by Nathaniel S. Butler/NBAE via Getty Images


It’s been a tense couple of weeks for Nike (NKE) negotiators as they squared off against Under Armour (UA) in a bidding war for NBA superstar Kevin Durant. The product team, however, was having a blast.

On Aug. 16, as Durant’s contract was expiring and negotiations were about to start in earnest, Nike’s product people launched his newest shoe, a limited edition called “the Calm Before the Storm.”All-gray and posted with socks bearing clouds and lightning, the sneakers come with the tag-line: “Durant’s game personified.”

Then came the storm, the haggling, the big Under Armour offer, and Nike’s $275 million, 10-year bid that ultimately won. On Thursday, after the clouds around its big star cleared, Nike unveiled a second new Durant sneaker: “the Easy Money.”

As one might imagine, there’s a lot of green involved.

Stock is an associate editor for Twitter: @kylestock

The Aging of Abercrombie & Fitch

Companies Mentioned

  • NKE
    (NIKE Inc)
    • $95.89 USD
    • -0.27
    • -0.28%
  • UA
    (Under Armour Inc)
    • $71.25 USD
    • 1.43
    • 2.01%
Market data is delayed at least 15 minutes.
blog comments powered by Disqus