Andrew Wiggins signs $12-13 million deal with Adidas
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Back in October of last year, the internet had a heart attack when a rumor floated around saying Adidas was willing to give Andrew Wiggins $140-180 million for 10 years. Well, the #1 pick of the draft didn’t get the $180 million but he still got the biggest Adidas rookie contract ever that is reportedly still worth $10-12 million over the next 5 years.
The signing gives Adidas an impressive (and expensive) lineup that includes rookie Dante Exum as well as Tim Duncan, Derrick Rose, Damian Lillard, John Wall, Dwight Howard and Joakim Noah.
Damian Lillard signed with Adidas earlier this year for “well over $100 million” and Derrick Rose’s deal with Adidas is reportedly around $185 million over 13 years.
Adidas used to also have superstars like Tracy McGrady and Kobe Bryant but the one name that still haunts the company is Michael Jordan.
If you don’t know the story, coming out of college, MJ wanted to sign with Adidas but the shoe company wasn’t interested in him so Jordan and David Falk headed over to Nike and they offered the Jordan….are you ready for this….$500k a year for 5 years! Sounds petty now but at the time, the only NBA player with a bigger shoe deal was James Worthy who was getting $150k a year from New Balance. Maybe the best part about Jordan’s deal with Nike is it had a clause that said they could terminate their deal early if Jordan didn’t win rookie of the year, become an All-Star or average 20 points.
So Jordan took the offer back to the Adidas camp and said ‘This is the Nike contract — if you come anywhere close, I’ll sign with you guys.”
They said no.
So here we are 30 years later and it looks like Adidas isn’t afraid of saying Yes and throwing more money than Nike at some of the league’s future stars.
To clarify, sources said Cavaliers rookie Andrew Wiggins’ deal with Adidas is in the five-year, $12-$13 mill range.It’s more than Nike offer
— Marc J. Spears (@SpearsNBAYahoo) July 9, 2014
With Lillard, Wall, Wiggins and Exum, adidas has built a nice team. But adi sells 3% of basketball shoes in the US compared to Nike’s 95%.
— darren rovell (@darrenrovell) July 9, 2014