Nike Announces 200 Millon Deal With McIlroy
 

Updated Jan 14, 2013 11:31 AM ET
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Rory McIlroy won five tournaments worldwide in 2012, including one major.


ABU DHABI, United Arab Emirates (AP)

Nike says it has signed a sponsorship deal with No. 1-ranked Rory McIlroy, for a reported $200 million.

The deal was announced in a lavish ceremony in the United Arab Emirates ahead of the Abu Dhabi Golf Championship, which begins this week.

Nike now represents golf's two biggest stars — McIlroy and Tiger Woods, who has been with the sportswear company since turning pro in 1996.

In October, McIlroy cut ties with Acushnet Co., which had supplied him with Titleist and FootJoy gear since he turned pro five years ago. And this month, Jumeirah Group announced it was not renewing its five-year sponsorship deal with the Northern Irishman.