According to a recent report from the Sports Business Journal, Nike is set to swoop in and takeover Major League Baseball's On-Field rights deal in 2020 which was originally awarded to Under Armour in 2016.
When the UA deal was first reported, baseball fans were cautiously optimistic that the Maryland-based company would find the balance between trying something new with the league's jerseys while remaining traditional. Now Nike will have the chance.
The report states that UA will save around $50 million (USD) by backing out of the deal, which was deemed as a necessary move due to the company's recent financial issues. So when will we see the deal between Nike and MLB officially announced? According to the report that may happen this July at the All-Star Game with an official unveiling, as the deal is "80% done."
If the deal does go through, Nike will be the official on-field apparel outfitter for the NBA, the NFL and the MLB.
