Report: Durant camp informs Nike deal worth more than $265M with Under Armour

If Nike wants to continue branding Kevin Durant, it will have to pony up.

According to ESPN's Darren Rovell, Durant's camp, led by Jay-Z's Roc Nation Sports, informed Nike that the Oklahoma City Thunder superstar has signed a $265-285 million contract with Under Armour.

The 10-year endorsement deal, however, resembles that of an NBA offer sheet; Nike will be afforded the opportunity to match the figure and keep Durant under the Nike brand, according to Rovell.

Despite the incredulous figure, Nike may be receiving a discount on its initial estimate. Multiple reports suggested that the Under Armour deal would be worth upwards of $325 million.