Roger Federer to Sign New Lucrative 10-year Contract With Nike

Roger Federer Nike Deal

Sports Business Journal is reporting that Nike is about to sign Roger Federer to a 10-year extension of its contract that “could be worth as much as $13 million a year.”

Rene Stauffer, the author of the book The Roger Federer Story, Quest for Perfection (click to purchase) also reports in Swiss Tages-Anzeiger newspaper that Federer’s potential deal would be more than what Nike paid Andre Agassi.

According to SBJ “sources close to the deal differed on whether that money was fully guaranteed or in part depended on how well tennis’ top male player performs on the court. If the contract indeed reaches that amount ($13 million a year), the deal would make Federer one of the top-paid endorsers at Nike in any sport.”

Just for comparison, basketball’s LeBron James has a seven-year, $90 million deal and is one of Nike’s top athlete contracts. Golfer superstar Tiger Woods’s contract is believed to be worth around $40 million annually. Maria Sharapova’s deal with Nike, according to SBJ, guarantees her around $6 million annually (though the Sports Illustrated believed it was $5 million). Agassi’s deal with Nike in 1995 was believed to be more than $100 million that included royalties on sales, according to SBJ.

The paper also says that Federer costs $1 million an exhibition in the off season in Asia. (Another figure that I was curious to find out.) Nike also sponsors Serena Williams, Rafael Nadal, and James Blake. To read more about Roger Federe’s endorsements and marketability, check out our article Sharapova, Federer Among World’s Top-Earning Athletes.

(Via Down the Line)

5 thoughts on “Roger Federer to Sign New Lucrative 10-year Contract With Nike

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