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Rory McIlroy Inks Sponsorship Deal With Nike

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ABU DHABI, UNITED ARAB EMIRATES - JANUARY 14:  Rory McIlroy is unveiled as a new Brand Ambassador for Nike at Fairmont Bab Al Bahr Hotel on January 14, 2013 in Abu Dhabi, United Arab Emirates.  (Photo by Matthew Lewis/Getty Images)

ABU DHABI, UNITED ARAB EMIRATES – JANUARY 14: Rory McIlroy is unveiled as a new Brand Ambassador for Nike at Fairmont Bab Al Bahr Hotel on January 14, 2013 in Abu Dhabi, United Arab Emirates. (Photo by Matthew Lewis/Getty Images)

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ABU DHABI, United Arab Emirates – Nike says it has signed a sponsorship deal with No. 1-ranked Rory McIlroy for a reported $200 million.

The deal was announced in a lavish ceremony in the United Arab Emirates ahead of the Abu Dhabi Golf Championship, which begins this week.

For the full story, go to: http://www.cbsnews.com

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