Free-agent wide receiver Odell Beckham Jr. has filed suit against Nike over the last endorsement contract he signed with the company, according to TMZ
Nick Depaula of Nice Kicks reported in 2017 that Beckham re-signed with Nike after the company exercised a clause that allowed it to match Adidas’ offer. The five-year pact was worth at least $29 million.
However, Beckham is contending in his suit the way the contract “was structured made it nearly impossible for him to trigger very valuable extensions of the deal,” per TMZ Sports. He’s alleging he lost out on more than $20 million.
Beckham said in a statement to TMZ Sports that Nike “did not honor its commitments.”
“Throughout our partnership, I have kept my promise and fulfilled my obligations to the brand,” he said. “I am extremely disappointed that I’ve had to take these measures to ensure Nike fulfills their obligations and promises.”
Complex’s Brendan Dunne shared some of the details from the contract: