The outdoor sporting goods store will be part of a new, multi-million dollar development expected to create approximately 1,700 jobs.
The German company had $4.9 billion in first-quarter sales; net income dropped 34% to $284 million.
Oregon State University will have to pay Craig Robinson $4 million for his departure.
Striking workers at a shoe factory in China disrupted shipments for Oregon's two prominent footwear companies.
King has been the CEO of TaylorMade-adidas Golf since 2003.