Nike Progress By sethlambert Jan 25, 1964 Nike was Founded 1971 Officaly is named Nike 1971 Jeff Johnson establishes company name witch comes from greek god of victory 1971 Graphic Design student designs swoosh for $35 1972 Ilie Nastase first athlete to sight with Nike 1984 Nike signs Micheal Jordan 1984 Nike puts out first Major ad for Air Max 1988 The slogan Just Do It is coined 1990 The first NikeTown store opens in Portland 1995 Nike signs an apparel contract with the Nfl 1996 Nike named "Marketer of the Year" by Advertising Age 1996 Nike signs Tiger Woods 2002 Nike buys Hurley 2015 Nike signs a deal to become the first apparel supplier of the Nba 2017 Nike raises its Net Worth to 28.1 billion