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"&lt;strong&gt;&lt;img alt=\"0328-tim-tebow-getty-BN\" src=\"http://ll-media.tmz.com/2012/03/28/0328-tim-tebow-getty-bn-1.jpg\" /&gt;&lt;br /&gt;Tim Tebow&lt;/strong&gt;'s not second-string to &lt;strong dir=\"ltr\" id=\"tinymce\" class=\"mceContentBody \" contenteditable=\"true\"&gt;Nike&lt;/strong&gt; -- because the athletic company is now suing &lt;strong&gt;Reebok&lt;/strong&gt; ... over the exclusive rights to use Tebow's name on merchandise.&lt;br /&gt;&lt;br /&gt;Nike filed a lawsuit against Reebok this week -- just one day after the Jets officially announced the Tebow trade -- and according to the suit, Reebok's new Jets merch bearing Tebow's name (&lt;em&gt;above&lt;/em&gt;) is in violation of a 2010 Nike-Tebow endorsement deal.&lt;br /&gt;&lt;br /&gt;According to the deal, Nike's got sole merchandising rights to all things Tebow ... and Nike alone.&lt;br /&gt;&lt;br /&gt;A rep for Nike released a statement, claiming, &amp;#8220;We have filed a complaint relating to unauthorized use of Tim Tebow's name on New York Jets related apparel. Nike is authorized and licensed to use Tim Tebow's name on products.\"&lt;br /&gt;&lt;br /&gt;It&amp;#8217;s unclear what apparel Nike's specifically bitching about -- but Reebok&amp;#8217;s 10-year, $250 million apparel deal with the NFL expires this month. Nike is slated to take over in April with a 5-year deal, worth roughly $35 million a year.&lt;br /&gt;&lt;br /&gt;As for the 2010 endorsement deal -- Nike made off like a bandit, signing Tebow before his jersey became one of the most sought-after in the league ... for $300,000 a year.&lt;br /&gt;&lt;!-- relatedlinks --&gt;"^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.tmz.com/2012/03/28/tim-tebow-nike-reebok-lawsuit/>