Brooklyn Nets (official thread)
- By ScriptOhio
- Professional Basketball
- 40 Replies
Nike relationship with Kyrie Irving likely over, Phil Knight says
The relationship between Brooklyn Nets guard Kyrie Irving and Nike is likely severed for good, the shoe giant's co-founder told CNBC.
"I would doubt that we go back," co-founder Phil Knight said in an interview that aired Thursday. "But I don't know for sure."
Nike announced last Friday that it has "suspended" its relationship with Irving and canceled its plans to release his next signature shoe, part of the massive fallout that followed his tweeting a link to a film containing antisemitic material.
The Nets also suspended Irving for at least five games; he has missed four already.
Irving signed with Nike in 2011 and has had a signature line of shoes since 2014, with his annual endorsement deal believed to be worth at least $11 million.
"Kyrie stepped over the line," Knight said. "It's kind of that simple. He made some statements that we just can't abide by and that's why we ended the relationship. And I was fine with that."
Entire article: https://www.espn.com/nba/story/_/id/34994728/nike-relationship-kyrie-irving-likely-phil-knight-says
OK, he's already financially set for life and doesn't actually need the money; but still $11M a year is a good chunk of change. He does have a K.A.I. Family Foundation that supports several charities that could undoubtedly do a lot of good with the extra $11M a year.
The relationship between Brooklyn Nets guard Kyrie Irving and Nike is likely severed for good, the shoe giant's co-founder told CNBC.
"I would doubt that we go back," co-founder Phil Knight said in an interview that aired Thursday. "But I don't know for sure."
Nike announced last Friday that it has "suspended" its relationship with Irving and canceled its plans to release his next signature shoe, part of the massive fallout that followed his tweeting a link to a film containing antisemitic material.
The Nets also suspended Irving for at least five games; he has missed four already.
Irving signed with Nike in 2011 and has had a signature line of shoes since 2014, with his annual endorsement deal believed to be worth at least $11 million.
"Kyrie stepped over the line," Knight said. "It's kind of that simple. He made some statements that we just can't abide by and that's why we ended the relationship. And I was fine with that."
Entire article: https://www.espn.com/nba/story/_/id/34994728/nike-relationship-kyrie-irving-likely-phil-knight-says
OK, he's already financially set for life and doesn't actually need the money; but still $11M a year is a good chunk of change. He does have a K.A.I. Family Foundation that supports several charities that could undoubtedly do a lot of good with the extra $11M a year.
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