Hay Cutting Contract With Nike
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The two brands announced on Tuesday that a new deal has been signed to replace the current one set to expire in 2020. As part of the arrangement, Nike will continue to supply all 32 NFL teams with uniform and sideline apparel until 2028.
"Kyrie Irving is no longer a Nike Athlete," a Nike spokesperson told NPR. The signature endorsement agreement Irving signed with the company had been due to expire on Oct. 1, 2023. The termination comes after Irving posted on social media a link to an antisemitic movie and book in late October.
But a report by Sports Illustrated and Fortune magazines this week detailing the league's revenue sources said Nike paid $1.1 billion to land the lucrative NFL apparel sponsorship.
Irving's shoes were one of Nike's most popular sneaker lines. Irving was reportedly making at least $11 million annually on that deal. "At Nike, we believe there is no place for hate speech and we condemn any form of antisemitism," Nike said in a statement last year.
Ja Morant signed a multi-year contract with Nike in 2019, just before the NBA draft, in which he was selected as the No. 2 overall pick out of Murray State. His inaugural signature shoe with the brand, the Ja 1, was unveiled in December 2022.