COVENANT NOT TO COMPETE AND NON-DISCLOSURE AGREEMENT

EXHIBIT 10.1


                        COVENANT NOT TO COMPETE
                      AND NON-DISCLOSURE AGREEMENT

PARTIES:

Mark G. Parker (Employee)

NIKE, Inc., and its parent, divisions, subsidiaries and affiliates (NIKE)


DATE:  February 28, 2006


RECITALS:

A.     This Covenant Not to Compete and Non-Disclosure Agreement is
executed upon the Employee's advancement to the position of President
and Chief Executive Officer of NIKE, is a condition of such advancement,
and is intended to supersede his prior Covenant Not To Compete and Non-
Disclosure Agreement, amended as of December 28, 2004.

B.     Over the course of Employee's employment with NIKE, Employee will
be or has been exposed to and is in a position to develop confidential
information peculiar to NIKE's business and not generally known to the
public as defined below ("Protected Information").  It is anticipated
that Employee will continue to be exposed to Protected Information of
greater sensitivity as Employee advances in the company.

C.     The nature of NIKE's business is highly competitive and
disclosure of any Protected Information would result in severe damage to
NIKE and be difficult to measure.

D.     NIKE makes use of its Protected Information throughout the world.
Protected Information of NIKE can be used to NIKE's detriment anywhere
in the world.

AGREEMENT:

       In consideration of the foregoing, and the terms and conditions
set forth below, the parties agree as follows:

1.     Covenant Not to Compete.
       _______________________


       1.1   Competition Restriction.  During Employee's employment by
             _______________________
NIKE, under the terms of any employment contract or otherwise, and for
twenty-four (24) months thereafter, (the "Restriction Period"), Employee
will not directly or indirectly, own, manage, control, or participate in
the ownership, management or control of, or be employed by, consult for,
or be connected in any manner with, any business engaged anywhere in the
world in the athletic footwear, athletic apparel or sports equipment and
accessories business, or any other business which directly competes with
NIKE or any of its parent, subsidiaries or affiliated corporations
("Competitor").  By way of illustration only, examples of NIKE
competitors include but are not limited to:  Adidas, FILA, Reebok, Puma,
Asics, Saucony, New Balance, Skechers, KSwiss, Merrell, Timberland,
Champion, Russell, Oakley, DKNY, Ralph Lauren/Polo Sport, B.U.M., FUBU,
The Gap, Tommy Hilfiger, Umbro, The North Face, Foot Locker, The Sports
Authority, Finish Line, Columbia Sportswear, Wilson, Mizuno, Callaway
Golf, Acushnet, and Taylor Made.  This provision is subject to NIKE's
option to waive all or any portion of the Restriction Period as more
specifically provided below.

       1.2   Extension of Time.  In the event that Employee breaches
             _________________
this covenant not to compete, the Restriction Period shall automatically
toll from the date of the first breach, and all subsequent breaches,
until the resolution of the breach through private settlement, judicial
or other action, including all appeals.  The Restriction Period shall
continue upon the effective date of any such settlement judicial or
other resolution.  NIKE shall not be obligated to pay Employee the
additional compensation described in paragraph 1.4 below during any
period of time in which this Agreement is tolled due to Employee's
breach.  In the event Employee receives such additional compensation for
any such breach, Employee must immediately reimburse NIKE in the amount
of all such compensation upon the receipt of a written request by NIKE.

       1.3