Portuguese soccer star Cristiano Ronaldo has signed a major renewal to his deal with sportswear brand Nike, according to multiple reports.
Ronaldo, who earlier this month signed a new five-year contract with Real Madrid worth a reported US$453,000 per week, has signed a long-term endorsement with Nike that the he claims is “for life”.
According to the Daily Mail, the deal will be an increase on the US$ 17.5 million per year Ronaldo previously banked from the Oregon-based firm, and is more likely to be closer to the annual US$1 billion lifetime agreement in place with National Basketball Association (NBA) champion LeBron James.
Discussing the deal, Ronaldo said: “I look at this new contract for life. I have a great relationship with this brand, and I have great friends here in the company.
“This is my brand, and Nike are smart. They know how to pick the best one, so I’m happy because I am one of them. This is the best contract I have in my whole career.”
A Nike spokesperson, talking to The Sun, added: “The successful partnership between Nike and Cristiano Ronaldo will continue well into the future with a new, long-term contract.
“He transcends football, and is the most popular athlete on social media, and the most famous athlete in the world.”
Ronaldo is currently the favourite for this year’s Fifa Player of the Year Award, having won both the Uefa Champions League with Real Madrid and Uefa Euro 2016 with Portugal this year.