Nike suspends endorsement deal, Beats by Dre reportedly drops Deshaun Watson amid sexual assault allegations

Nike has suspended its endorsement deal with Houston Texans quarterback Deshaun Watson amid the myriad of sexual assault and sexual misconduct allegations made against him, the company said in a statement to CNBC on Wednesday. Along with Nike, Beats by Dre has reportedly decided to part ways with Watson, according to A.J. Perez of Front Office Sports. Perez adds that Beats, owned by Apple, had already made move to end its relationship with Watson prior to the allegations being disclosed.