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Nike's stock is falling in early trading on Tuesday following an announcement that former San Francisco 49ers quarterback Colin Kaepernick has a new deal with the athletic clothing and footwear maker.
An arbitrator is sending Colin Kaepernick's grievance with the NFL to trial, denying the league's request to throw out the quarterback's claims that owners conspired to keep him out of the league because of his protests of social injustice.
Former San Francisco 49ers quarterback Colin Kaepernick filed a grievance against the NFL on Sunday, alleging that he remains unsigned as a result of collusion by owners following his protests during the national anthem.