Thu March 29, 2012
The Last Word In Business
Originally published on Thu March 29, 2012 4:26 am
RENEE MONTAGNE, HOST:
And our last word in business today is hit the showers.
Nike is suing rival Reebok over the right to sell brand new Tim Tebow jerseys. The tussle over Tebow - who rose to fame last year for his fourth quarter comebacks - comes after his recent trade to the New York Jets.
Reebok has been the licensed seller of official NFL gear. But Nike paid over $1 billion for the rights to the new contract which goes into effect next month. In the lawsuit Nike says Reebok is wrongfully selling the now very popular New York Jets jerseys with Tebow's name. It says Reebok should only be allowed to sell what remains of its inventory from last year, when Tebow was a Denver Bronco.
And that's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.
DAVID GREENE, HOST:
And I'm David Greene. Transcript provided by NPR, Copyright NPR.