Indiana Fever rookie Caitlin Clark is set to earn a significant income from her latest endorsement agreement with Nike.

The NCAA's all-time leading scorer has emerged as the most popular player in women's basketball, following a sensational collegiate career with the Iowa Hawkeyes.

Clark has reportedly inked an eight-year deal that has the potential to reach a value of $28 million, according to a report by Wall Street Journal.

In addition to the lucrative financial terms, the 22-year-old will also have the opportunity to develop her own signature shoe with the brand.

Rival brands made offers to Clark, who was seeking a $3 million per year deal as a starting point.

Puma withdrew from negotiations after learning of the $3 million starting point, while Adidas' offer of four years and $6 million fell short of the guard's expectations.

Under Armour, which utilized help from its main endorser, Stephen Curry, pitched a $16 million deal over four years, which included a signature shoe.

Caitlin Clark will earn more from Nike than WNBA

Under her new Nike contract, Clark is anticipated to earn approximately $3.5 million annually from the sportswear brand.

This single-year sum is nearly ten times greater than her four-year rookie contract with the Indiana Fever.

Clark's rookie deal is valued at $338,056, extending until 2027, with a salary of $76,535 slated for her debut season, as reported by Spotrac.