Nike + NBA = One Billion Dollars

The NBA announced on Wednesday that it has signed an apparel deal with Nike beginning with the 2017-18 season.

The deal is an eight-year partnership. Financial terms were not immediately disclosed, but the deal is worth roughly $1 billion, according to sources, which is approximately a 245 percent annual increase from the previous deal.

Sources: NBA, Nike have near-$1B apparel deal

Via espn.go.com