New Nike deal worth N796M

The new kit sponsorship deal between the Nigeria Football Federation and Nike is worth N796 which will be received over the three years of the contract

Amaju Pinnick and Stephen Keshi at the NFF and Nike signing

The new kit deal between the Nigeria Football Federation and sports giant Nike is reportedly worth N796M according to a new report.

Adidas decided not to extend its last contract with the NFF and the Amaju Pinnick led association last week sealed a new one with American sports wear company Nike.

According to the NFF, they will earn N743m ($3.75m) during the three-and-half-year partnership with Nike and a N99m ($500,000) bonus if the Super Eagles qualify for the 2018 World Cup in Russia among other added incentives.

The NFF will receive 148m ($750, 000) in the first year which will rise to N198m ($1m) (198m Naira) each year in the three-year-contract.

From the previous contract with Adidas, the NFF got N150m  per year.

The NFF also revealed that other teams will earn bonuses if they qualify for major international championships.

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