Reebok And Nike Reach Settlement On Tim Tebow Jerseys
Reebok has reached a settlement with rival Nike on the production of Tim Tebow New York Jets apparel, according to CNN Money.
Nike had filed a lawsuit against Reebok March 28 over the sale of the Tebow jerseys, and a judge issued a temporary order against the company to stop manufacturing, distributing and selling the products. Reebok had been previously authorized to sell NFL jersey’s, however their license to place player names on jerseys had expired prior to the trade that sent Tim Tebow to the New York Jets.
Reebok was the NFL sponsor and had the right to sell NFL apparel for the past ten years.