Adidas signs Kristaps Porzingis on a multi-year deal

NBA News – Kristaps Porzingis has signed a multi-year deal with Adidas worth between $3 million and $6 million annually depending on bonuses.

Nike has the right to match Porzingis’ new deal.

Porzingis became a shoe free agent Oct. 1.

Porzingis signed a four-year deal with Nike in 2012 that paid him $25,000 per year as a 17-year-old.

Nike, adidas and Under Armour each expressed strong interest in a long-term deal, while several Chinese-based brands also made an effort to pitch Porzingis and his agent, Andy Miller.

“All I can say is both Nike and Adidas are first-class companies,” Porzingis told The Vertical 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.”

Category: Basketball