This article on ESPN.com goes into detail about a federal law suit filed by Oakley in Santa Ana, California. McIory’s contract is up with Oakley on 12/31/12, but they apparently have right of first refusal. This means Oakley would have the right to match an offer, which would end up being 30% of the rumored $20-25 million per year Nike inked with McIlory. They apparently were not given the opportunity to match.
This will be interesting to follow to say the least.