Jun 02, 2005 6:31 PM EST
A Nike spokesman stated on Thursday that the shoe and apparel company "no longer has a relationship" with the New York Yankees slugger.
It is not known whether the company's decision not to renew Giambi's contract is related to his reported admission of steroid use or is a result of his poor performance on the field. Giambi is batting .234 with four home runs and 13 RBI.
Via ESPN
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