Nike suspends mega-deal with Maria Sharapova

  • Nike (NYSE:NKE) has suspended ties with tennis star Maria Sharapova after she tested positive for an illegal heart drug at the Australian Open.
  • Sharapova said she’s taken meldonium for over a decade, long before a 2016 ban by the World Anti-Doping Agency, which outlawed the substance as a performance-enhancer.
  • How big is her contract? Sharapova brings in a reported $30M per year in endorsements, much of that from Nike, with whom she has a reported $70M deal.

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