Story | Apr 18, 2014 | 7:10 AM
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Column | Sep 1, 2014Nike pulled out all the stops to prevent Oklahoma City Thunder star Kevin Durant, a Washington native, from signing a shoe deal with Baltimore-based Under Armour. Durant's seven-year contract with Nike is expiring, and Under Armour reportedly offered him a 10-year deal worth $265million to $285 million. However, Nike has exercised its right to match any rival shoe company's offer to the NBA's reigning Most Valuable Player, according to ESPN. Nike officials on Saturday told Durant and his representatives at Jay Z's Roc Nation Sports that they would match Under Armour's offer. According to the report, Durant likely will make more money from Nike over the next two years than the $41.2 million the Thunder owe him during that span. "For Nike, this was nothing to them," said analyst Omar Saad, senior managing director of International Strategy & Investment's luxury, apparel and footwear team. "They could easily build Durant's business enough, assuming normal margins, where they could generate a cash flow of $60 million a year. And Nike is really good at monetizing its marketing assets, way better than anyone else." It is not clear whether Nike matched Under Armour's deal or offered more.
Story | Mar 22, 2014 | 11:23 PM
Midfielder Beth Glaros led Maryland with four goals as the second-ranked Terps defeated visiting James Madison, 13-10, on Saturday. The Dukes (4-5) took a 3-2 lead with 19:35 remaining before halftime, but Maryland (11-0) rallied with a four-goal run...
Story | Mar 27, 2014 | 8:05 PM
Story | Apr 17, 2014 | 11:54 PM
There was some question as to whether the Goucher men's lacrosse team's home game against Catholic would even be played Thursday, three days after the death of sophomore midfielder Matt Gabriel of Austin, Texas, who was struck by a car. But the...