Porziņģis signs multiyear deal with adidas

Take note – story published 7 years ago

Latvia's basketball star Kristaps Porziņģis playing for the New York Knicks has signed a multiyear deal with adidas. The contract will pay the 21-year-old between $3 million and $6 million annually in what's the most lucrative shoe deal signed by a European player to date, reported Yahoo News Thursday via The Vertical.

Nike, Porziņģis' previous sponsor, has the right to match adidas' offer but is not expected to do it.

Adidas has committed to make Porziņģis a featured player in its advertising going forward and could eventually release his game shoes at retail stores.

In order to receive his own signature shoe, Porzingis would have to meet several on-court performance thresholds, such as being voted a starter in the All-Star Game.

"All I can say is both Nike and adidas are first-class companies," said on Wednesday. "I would be lucky to align myself with either one. The amount of attention I received was flattering, but right now I am letting my agents handle the business side of things."

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