LeBron James expressed his excitement Sunday via Twitter.
"Happy to have the homie @KDTrey5 stayin with the @Nike @nikebasketball family!" James tweeted. "Congrats my brother! Like Dj Khalid would say "We The Best"!!"
The Wall Street Journal reported that Durant's new pact with Nike could hit $350 million over the next 20 years. Durant's signature shoe line generated $175 million in sales last year, behind only LeBron's $300 million in generated revenue, according to the Wall Street Journal.
Under Armour, which currently outfits Warriors guard Stephen Curry, took at a run at Durant, with the Thunder forward's Nike contract set to expire. However, Nike had the option to match any offer and did so, keeping Durant paired with LeBron as two of the company's most valuable pitchmen.
Durant also took to Twitter to express his enthusiasm for the new contract.
"Excited and humbled to sign back with the swoosh!" Durant tweeted.
James and Durant are set to meet on the floor twice this season -- Dec. 11 and Jan. 25.