Cristiano Ronaldo Signs New Nike's Lifetime Contract Worth Over $1Billion

Just a day after putting pen to paper on a new five-year Real Madrid contract, Cristiano Ronaldo has signed a new long-term sponsorship deal with Nike, which he suggested was "for life."

The sportswear brand announced the deal on their official website on Tuesday

Ronaldo said: "I have a great relationship with this brand, I have great friends here in the company. We work as a family too. This is my brand."

According to Fox Sports' Aaron West, while the statement does not reveal the details of the sponsorship deal, "it's thought to be along the lines of LeBron James' deal, which is reportedly worth over $1 billion."

Sky Sports' Kaveh Solhekol had also reported on the value of his new contract:

Congratulations C. Ronaldo