Nike filed a lawsuit against Reebok this week. According to Nike, Reebok's new Jets merchandise with Tebow's name on it is in violation of a 2010 Nike-Tebow endorsement deal.

Nike released a statement about the matter:
"We have filed a complaint relating to unauthorized use of Time Tebow's name on New York Jets related apparel. Nike is authorized and licensed to use Tim Tebow's name on products.


Hmmm, this could get ugly really quick.

Tim Tebow's jersey is one of the most sought after jerseys in the NFL now and before the trade.