Nike and the NBA have announced Nike will keep exclusive rights to manufacture uniforms, on-court apparel and fan apparel for the NBA, WNBA and NBA G League for the next 12 seasons.

The Athletic reports that Nike and the NBA have agreed on a 12-year contract extension to keep Nike as "the league’s exclusive uniform and apparel provider, along with the WNBA and the G League."

The extension comes at a critical time. The company earlier this month withdrew its full-year guidance and postponed its first investor day in seven years.

Nike and the NBA have agreed on a 12-year contract extension that will keep the company as the league’s exclusive uniform and apparel provider, along with the WNBA and the G League, the company told The Athletic.

Nike and the NBA announced on Monday an extension of their existing partnership that will make Nike the exclusive provider of on-court uniforms for the NBA, WNBA, and NBA G League through 2037. “Nike has always been more than a league sponsor—we’re a strategic partner with an unwavering commitment to growing the game,

Both the NBA and WNBA reportedly agreed to a 12-year contract extension with Nike that would keep the sneaker and apparel giant as the official

Nike has reached a 12-year contract extension agreement with the NBA and WNBA to continue to be the official global outfitter for the professional basketball leagues, sources told ESPN on Monday, a pact that includes a marketing and content partnership.

Nike on Monday announced a 12-year extension of its WNBA and NBA deals. The sportswear company will continue to make uniforms and apparel for both leagues, as well as the NBA’s developmental G League,