Nike is denying reports that it has a new endorsement deal with Eagles QB Michael Vick.
In a statement to CNBC, Nike says that it "does not have a contractual relationship" with the former Falcons star. Instead, the company has only agreed to "supply product to Michael Vick as we do a number of athletes who are not under contract with Nike."
On Wednesday, Michael Principe, managing director of the agency representing Vick, announced that Nike had signed Vick to a new endorsement deal. That was later confirmed by Vick's agent, Joel Segal, who told Sports Business Journal that Vick was "excited to be part of the Nike team again."
At the time, Nike declined comment.
Nike originally signed Vick in '01, terminating the contract after Vick pleaded guilty to federal charges resulting from his involvement in a dogfighting ring.
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