facebook
twitter
rss
account
search
search
 

Reebok to recall Tebow Jets jerseys

April 10, 2012 at 7:36 PM   |   Comments

NEW YORK, April 10 (UPI) -- Reebok will recall New York Jets jerseys bearing quarterback Tim Tebow's name and number under a settlement reached Tuesday with rival Nike.

Under the terms of a resolution filed in federal court in New York, Reebok International Ltd. will settle Nike Inc.'s suit against it by repurchasing the Tebow Jets merchandise from retailers, The Wall Street Journal reported.

Reebok also promised not to make any more such unauthorized merchandise, the newspaper said.

Nike Inc. claimed in a suit filed in U.S. District Court last month Reebok took advantage of a lapse in the rights to such apparel by jumping into the market with a Jets jersey bearing the signal-caller's name and number after his March 21 trade from the Denver Broncos to New York.

In the suit, Nike claims Reebok's license to market NFL products lapsed March 1, while its own $1.1 billion deal with the league didn't begin until April 1.

"We're pleased to have reached a mutually agreeable resolution," the two companies said in issued statements.

A federal judge last week extended a restraining order banning Reebok's sale of the Tebow merchandise.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
Northwestern loses to UC Berkley, first game since union OK
2
Vikings release trio of defensive veterans
3
Michael Sam, first openly gay player drafted in NFL, cut by Rams
4
Packers release 18
5
Cowboys get Spencer back
Trending News
Video
x
Feedback