SNEAKERHEAD: FAMU and Nike Sign Deal With LeBron James For Sports Gear

Sneakerhead. FAMU and Nike sign a six year deal with LeBron James sports gear for all sports programs.

LeBron will be the official athletic footwear, apparel, and equipment provider for the FAMU Rattlers, the contract goes into effect on July 1. The contract includes an option for a two year extension. FAMU teams will be wearing LeBron James uniforms and apparel, which includes footwear explicitly designed for the university as part of this contract. Nike will also support FAMU students through development programs, internships, and networking opportunities.

An options contract is an agreement between two parties to facilitate a potential transaction at a preset price and date. An options contract allows the offeree of the transaction to be the first to accept the option, it protects the offeree from the offeror’s ability to revoke their offer to engage in a contract.

What do you think about this new deal with Lebron?

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