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Phoenix Suns star forward Kevin Durant signed a lifetime contract with Nike on Friday, ing to Boardroom, the media entity he co-owns. Durant becomes the third basketball star to sign such a contract, behind all-time greats Michael Jordan and LeBron James.

Illinois and Nike have signed a 10-year extension that will give Illinois about $44.5 million of apparel over the lifetime of the contract, UI associate athletic director Marty Kaufmann told IlliniInquirer.com on Tuesday. "It's a great deal for us," Kaufmann said moments after the university announced the deal.

12 Jun Nike Signs Unprecedented NBA Deal Under the deal, which is reported to be worth $1 billion, Nike will become the first NBA apparel partner to have its logo appear on NBA uniforms.

In 2015, their partnership came full circle as James signed a historic lifetime contract with Nike worth approximately $1 billion.

Cons of buying an assignment condo You may be approved for a mortgage when you make the purchase of an assignment condo, but the transaction closes much later. While you can occupy your unit prior to the final closing in the interim occupancy phase, you only get your final mortgage approval at the final closing.

An assignment of mortgage documents the transfer of a mortgage from an original lender or borrower to another person or entity. Lenders regularly sell mortgages to other lenders. Less often, a borrower transfers the mortgage to someone else who assumes the mortgage.