Jamaican sprint superstar Usain Bolt has reportedly renewed his contract with sportswear giant Puma for the next three years. The specific terms of the agreement remained undisclosed, however, it has been expected that the deal would be very lucrative.

Being the reigning world record holder of 100 and 200 meter events, plus the fact that he has won multiple Olympic gold medals for the events, Bolt is expected to receive a record fee from this lucrative sponsorship deal.

Puma in a statement said that the fee is so far the biggest ever to be given to a track and field athlete. The sportswear retailer said that Bolt’s achievement is definitely impressive and astonishing and the deal made is very satisfactory.

The Germany-based company has signed Bolt seven years ago when the athlete was still sixteen years old.

Recently, Bolt announced that he ends this year a bit earlier in order to recover from a back problem.