Reebok to stop selling Tim Tebow apparel after legal settlement with Nike

Washington - Sportswear companies Nike and Reebok have settled their fight over Tim Tebow apparel, after the latter agreed to stop selling the New York Jets quarterback’s Bronco t-shirts and jerseys.

The terms of a settlement with Nike were disclosed Tuesday.

Reebok must eliminate from the sales chain any Tebow clothing it manufactured after the quarterback’s trade last month from the Denver Broncos to the Jets, CBS News reported.

Nike had sued in Manhattan, saying Reebok was infringing on its licensing rights.

A federal judge had said Nike Inc was likely to succeed. It took over licensing rights for National Football League apparel at the beginning of April.

Nike spokeswoman Mary Remuzzi said the company was “pleased to have reached a mutually agreeable resolution.”