After a lot of gossip and speculation, Rory McIlroy has finally made it official: he is Nike’s newest big star. The former Oakley rep will henceforth be adorned in nothing but swoosh-labeled items from head to toe.
While the contract specifics have yet to leak, numerous outlets are reporting that McIlroy is getting anywhere from $200 to $250 million over the next 10 years.
For what it’s worth, Nike is rejecting the notion that they are paying McIlroy $250 million – but that should be taken with a grain of salt. The could be shelling out $249 million over the next decade and still in good conscious deny the reported sum.
Nike not reporting any terms on McIlroy deal. Told that $250M number is inaccurate.— darren rovell (@darrenrovell) January 14, 2013
"I've always associated Nike with the best," McIlroy said on Monday at the Fairmont Hotel in Abu Dhabi. "Growing up, whether it was golf, tennis, football, the best athletes were with Nike. I've watched Tiger Woods make history with Nike, and Roger Federer, and Rafael Nadal. Now I want to create my own history with Nike.”
Nike wasted no time getting two of its biggest golf stars together for one commercial:
It remains to be seen what will come of the Oakley lawsuit, however, it’s probably safe to assume that Nike wouldn’t have made this big of an investment (regardless of what the final total ends up being) if they didn’t feel confident in their standing.
Now all that’s left is for McIlroy to live up to the deal on the course.