Confirming speculation that the two sides were working on a "lifetime deal" back in December, Yahoo Sports' Adrian Wojnarowski reports today that adidas has signed Chicago Bulls point guard to a 13-year contract extension. According to Wojnarowski, the deal guarantees Rose $185 million, with incentives that could push it past $200. The new contract was signed Friday afternoon in Orlando, where Rose will start in his second-straight NBA All-Star Game on Sunday.
By the numbers, a $185 million guarantee over 13 years breaks down to a little over $14 million per, a monster deal for Rose that places him among the all-time basketball footwear giants. In an industry report by our own Nick DePaula following initial rumors of a $250 million figure, Sole Collector was told by insiders that any deal starting north of $5 million annually would be considered an "all in" move for adidas. Well, as their current marketing campaign suggests, adidas is all in.
When looking at the sneaker endorsement breakdown in this weekend's All-Star Game, you start to understand why adidas felt it was important to lock up the reigning MVP. The brand has just two representatives taking the court on Sunday (though Josh Smith should have been selected - another story). With an increasing buzz surrounding their basketball footwear and a growing market share, losing one of the two legitimate superstars they have on the roster could have been a crippling blow. News of an extension is also intriguing because Orlando Magic center Dwight Howard is up for contract renewal in the coming year as well. How will Rose's number impact Dwight's new deal?
Let us know what you think about adidas' bold move and keep checking Sole Collector for much more on Rose's new deal.
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i'm glad that D. Rose signed with adidas. everyone wants to sign with nike. its good to be different. I'm sure adidas will take good care of him and Howard.
How ya feel, how ya feel, how ya feel...25 sit'n on more than 25 MIL! (drizzy voice)
Very smart move by Adidas though, as the article mentioned the two biggest stars they have is D Rose and D Howard. Both great investments and stand up dudes from what I can tell. Now if we can just make some shoes that I can rock when I'm not on the court...I swear all they shoes look too bulky or look like I need to have tear away pants on when wearing them.
If it wasn't for MJ none of these Athletes would be signing massive deals like this anyways, don't be so ignorant. MJs AJ I created all the hype of the sneaker game in the first place. I wanna see D Rose's or Lebron's or Kobe's first sneaker releasing almost every year for 28 years and still be top seller.
let's put it this way carlito... 1984's Michael Jordan would have been damn jealous...
[quote="troyboy7"]The adidas Rose shoes are pretty cool, I wonder if adidas will ever re-release original Kobe shoes? [/quote]
yup... called crazy 1... the audi inspired non-moonboots..
The adidas Rose shoes are pretty cool, I wonder if adidas will ever re-release original Kobe shoes?
Good for Derrick rose ..I always thought Nike would dominate the market..but Adidas is relevant because of rose
happy for D.Rose ; would of loved to see a Jordan PE but it is what it is
i'm glad that D. Rose signed with adidas. everyone wants to sign with nike. its good to be different. I'm sure adidas will take good care of him and Howard.
How ya feel, how ya feel, how ya feel...25 sit'n on more than 25 MIL! (drizzy voice)
Very smart move by Adidas though, as the article mentioned the two biggest stars they have is D Rose and D Howard. Both great investments and stand up dudes from what I can tell. Now if we can just make some shoes that I can rock when I'm not on the court...I swear all they shoes look too bulky or look like I need to have tear away pants on when wearing them.
Rose is a good guy to go all in with but Adidas has to stop making garbage basketball shoes and get some new designers in there.
[quote="carlitosmercado04"][quote="urriah"]1984 MJ would have been jealous...[/quote]
If it wasn't for MJ none of these Athletes would be signing massive deals like this anyways, don't be so ignorant. MJs AJ I created all the hype of the sneaker game in the first place. I wanna see D Rose's or Lebron's or Kobe's first sneaker releasing almost every year for 28 years and still be top seller.[/quote]
[youtube]http://www.youtube.com/watch?v=nWi_VZlIhP0[/youtube]
let's put it this way carlito... 1984's Michael Jordan would have been damn jealous...
congrats my dude :up:
get paid cutty u deserved it
paper
on top of paper
Thats insane right there. Adidas is really trying to lock this dude down for his whole NBA career.
[quote="MarioM504"][quote="GrahamyNominated"]that's some cash now all D.Rose need is a better designer cause his shoes suck[/quote] exactly. adidas whores out their designs across all of their performance shoes to where d. rose's shoes don't really stand out on their own.[/quote]
In all the adidas BB range at least the droses are the last worst ! anything else is crap
