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Apr 10, 2012 4:07 PM by Matt Stafford

Nike and Reebok settle NY fight over Tebow apparel

NEW YORK (AP) - Reebok and Nike have settled their dispute over Tim Tebow New York Jets jerseys.

A deal was noted in papers filed Tuesday in federal court in Manhattan. Nike had filed a lawsuit saying Reebok was infringing on its licensing rights by selling Tebow jerseys and T-shirts. The terms of the settlement were not immediately known.

A federal judge had said Nike Inc. had shown a "probability of success." Nike took over licensing rights for National Football League apparel at the beginning of April.

Nike spokeswoman Mary Remuzzi says the company is "pleased to have reached a mutually agreeable resolution" but had no other comment.

Reebok International Ltd. did not immediately respond to a request for comment.

Tebow was traded from the Denver Broncos to the Jets last month.

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