Former Iowa star guard Caitlin Clark is signing an eight-figure endorsement deal with Nike and is set to receive her own signature shoe, per Shams Charania of The Athletic.

Clark was drafted No. 1 overall by the Indiana Fever on April 15. She joins an exclusive club of WNBA players to have their own signature shoe: Breanna Stewart, Elena Delle Donne, Sabrina Ionescu, Sheryl Swoopes, Rebecca Lobo, Lisa Leslie, Dawn Staley, Cynthia Cooper, Nikki McCray, Chamique Holdsclaw, Diana Taurasi, and Candace Parker.

Breaking: Indiana Fever’s Caitlin Clark – the No. 1 pick in the WNBA draft – is nearing a lucrative, eight-figure endorsement deal with Nike, per industry sources. Clark is set to receive her own signature Nike shoe.

Story with @MikeVorkunov, @benpickman: https://t.co/pjBBTmHc78

— Shams Charania (@ShamsCharania) April 18, 2024

The 6-foot guard first signed with Nike in 2022. When appearing on the popular show “Saturday Night Live” ahead of the WNBA Draft, Clark supposedly hinted at a new Nike deal by wearing a black jacket with a giant “N” on it. This is the first endorsement deal she’s agreed to since going pro.

For everyone asking about the “N” on Caitlin’s jacket from SNL.. that would be Nike lol pic.twitter.com/AWoE1wWu9q

— Bri Lewerke (@brilewerke) April 14, 2024

Clark has a long list of NIL deals that includes Gatorade, State Farm, Buick, Panini America, Xfinity, Gainbridge, Topps, Hy-Vee, H&R BlockBose, Shoot-A-Way, and Goldman Sachs. According to On3, all of her NIL deals were estimated to be around $910,000 with an estimated net worth of $3.1 million.

During the NCAA Tournament, Ice Cube – an entrepreneur and co-founder of the BIG3 basketball league – confirmed a report that he offered Clark a $5 million deal to participate in the summer league during the WNBA’s offseason. It hasn’t been said whether she’s going to participate.

The No. 1 pick’s WNBA rookie contract has her earning $76,535 in her first year and $338,056 total over four years. Now, she has added a lucrative contract with a popular sports brand.

The post Caitlin Clark to sign eight-figure endorsement deal with Nike, receive signature shoe appeared first on The Daily Iowan.