The shoe giant announced a partnership Friday with Nike to sell its waterproof and waterproof shoes to athletes, but the shoe maker has been mum about what the partnership will entail.
The two companies will share some of the profits, the Wall Street Journal reported, citing unnamed sources.
The Wall Street Review said that Nike is expected to be paid between $1.3 billion and $1,5 billion for the deal.
It’s a major step forward for Nike and the NBA as both companies work to sell more of their shoes.
The NBA is currently struggling to compete in the popularity of the high-end Nike Air Max 1 and Air Max 3, which both have the latest technology, and the LeBron and Kobe shoes are both expensive.
The shoe companies have been working on a partnership for some time.
In September, Nike partnered with Adidas on a sneaker called the NMD.