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Nike denies signing Michael Vick to sponsorship pact
Nike said Thursday it does not have a "contractual relationship" with Michael Vick, a day after the quarterback's agent announced a deal with the manufacturer.
In a statement released Thursday morning, Nike said it has "agreed to supply product to Michael Vick as we do a number of athletes who are not under contract with Nike."
On Wednesday, Michael Principe, the managing director of BEST, the agency that represents Vick, announced the Philadelphia Eagles player had a new deal with Nike during a panel discussion at the Sports Sponsorship Symposium.
"He actually just became a Nike client," Principe said Wednesday. "He has a new deal with Nike that we're all very pleased about."
Principe declined comment Thursday.
Vick's agent, Joel Segal, said later Wednesday that Vick looked forward to continuing his relationship with Nike, adding that the player and company had agreed not to release terms of the deal.
Segal did not immediately return a call for comment Thursday.
Nike had initially declined comment Wednesday night.
Nike, which signed Vick as a rookie in 2001, terminated his contract in August 2007 after he filed a plea agreement admitting his involvement in a dogfighting ring.
Vick signed a $1.6 million deal with the Eagles, with a team option for the second year at $5.2 million. He was once a corporate star -- holding multimillion-dollar deals to market everything from sneakers to sports drinks. But those millions are long gone.
In July, Vick filed for bankruptcy protection while serving a 23-month prison sentence, saying he owed between $10 million and $50 million to creditors.
Source: AP
In a statement released Thursday morning, Nike said it has "agreed to supply product to Michael Vick as we do a number of athletes who are not under contract with Nike."
On Wednesday, Michael Principe, the managing director of BEST, the agency that represents Vick, announced the Philadelphia Eagles player had a new deal with Nike during a panel discussion at the Sports Sponsorship Symposium.
"He actually just became a Nike client," Principe said Wednesday. "He has a new deal with Nike that we're all very pleased about."
Principe declined comment Thursday.
Vick's agent, Joel Segal, said later Wednesday that Vick looked forward to continuing his relationship with Nike, adding that the player and company had agreed not to release terms of the deal.
Segal did not immediately return a call for comment Thursday.
Nike had initially declined comment Wednesday night.
Nike, which signed Vick as a rookie in 2001, terminated his contract in August 2007 after he filed a plea agreement admitting his involvement in a dogfighting ring.
Vick signed a $1.6 million deal with the Eagles, with a team option for the second year at $5.2 million. He was once a corporate star -- holding multimillion-dollar deals to market everything from sneakers to sports drinks. But those millions are long gone.
In July, Vick filed for bankruptcy protection while serving a 23-month prison sentence, saying he owed between $10 million and $50 million to creditors.
Source: AP