The new commitment is the largest single commitment of term and financial contribution between an Australian national sporting team and an apparel manufacturer and it the largest guaranteed sponsorship investment for FFA since its inception in 2004.
"Today's announcement of an 11-year sponsorship extension represents an overwhelming vote of confidence in Australian football and it's incredibly exciting future," FFA CEO Ben Buckley, who worked for Nike in the mid-1990's, said.
"It's a powerful symbol of the emerging strength of the game in this country. I thank Nike for their unwavering commitment to Australian football and their substantial investment in the game."
Nike's partnership with FFA commenced in 2004 and has been extended until 2023.
"This renewal solidifies Nike's commitment to the sport in Australia and supports each and every player in the game," Nike Pacific General Manager Paul Faulkner said.
"From the elite level with the Qantas Socceroos and Westfield Matildas, to professional via the Hyundai A-League, to our various grassroots initiatives such as Youth teams, The Chance and Manchester United Premier Cup, Nike is focused on ensuring the ongoing success of Australian Football."
On hand at Monday's announcement at Carriage Works in Sydney were Socceroos midfielder Brett Emerton, Olyroos playmaker Tom Rogic, Matildas forwards Kyah Simon and Caitlin Foord and Joeys star Yianni Perkatis.
Socceroos captain Lucas Neill sent a video message from Doha, Qatar, where the national team is preparing to face Iraq in a World cup qualifier.