zion williamson nike contract

Many sneaker brands, including Nike, have been after Williamson ever since he announced he would be leaving Duke University after his freshman year and entering the NBA draft. While we have not heard official numbers yet, the rumors are he did get that money. A Division of NBCUniversal. Other players include Jayson Tatum, Rui Hachimura, WNBA's Asia Durr and Kia Nurse, and NFL rookie quarterback Dwayne Haskins. For the fifth year in a row, Kyrie Irving is the highest paid former Duke athlete on the list. We do.”. Russell Westbrook. It is fully guaranteed with no strings or milestones attached. https://t.co/bddwtHaHHm, — Adam Zagoria (@AdamZagoria) July 23, 2019. ... fans and media have been speculating on what shoe deal Williamson will sign and Nike … Some have said getting Williamson marks the biggest shoe deal since Nike signed with LeBron James. That’s when Williamson’s shoe blew apart in the biggest regular season game of the year against Duke’s arch rival, and ironically Michael Jordan’s alma mater, North Carolina.. Williamson was subsequently shelved with a right knee sprain and remained … Nike is favored to get Williamson’s name on a shoe contract to begin his NBA career. With Jordan, Williamson will join a roster of more than 50 athletes across numerous sports wearing Jordan gear, the company said. A post shared by Zion Williamson (@zionwilliamson) on Jul 23, 2019 at 9:30am PDT. "I feel incredibly blessed to be a part of the Jordan Brand family," Williamson said in a statement. Sources say Zion Williamson had offers bigger than the Jordan deal. There are rumors Puma had offered even a larger contact, but Williamson wanted to be a Jordan brand guy. New Orleans Pelicans rookie superstar Zion Williamson agreed to a shoe contract with Jordan Brand on Tuesday. Zion Williamson, the most heralded NBA rookie since LeBron James, signed a shoe deal with Nike Inc.’s Jordan brand. All Rights Reserved. Zion’s sneaker deal is 7 years, $75-million, one source says. The largest shoe endorsement deal for an active player is between Nike and LeBron James. Zion Williamson has signed a shoe … © 2021 CNBC LLC. But this obviously, didn't cost Nike a deal. If true, this is the second-largest rookie shoe deal in history. Jimmy Butler. It is an extraordinary win on two fronts for the apparel giant after the company in February had $2 billion wiped from its bottom line when Williamson shredded his Duke Nike sneaker and injured his knee. Former Duke star Zion Williamson hasn't played a second in the NBA, but he just struck a seven-year, $75 million deal to help Nike and Michael Jordan sell sneakers, according to a report. The wait is over. He has the potential to be the next LeBron or Durant for Nike, if he can live up to the hype and weight of being the most discussed No. Nike shares took a brief jump higher on the news. Zion Williamson has signed with Jordan. LeBron James got seven-years, $87 million, however, Williamson is second and bumps Kevin Durant to third (seven years, $60 million). 1 draft pick Zion Williamson after locking down a sneaker endorsement deal with the New Orleans Pelicans star. He was one of those special athletes I looked up to.”, “Zion’s incredible determination, character and play are inspiring,” Michael Jordan said in a statement. CLEVELAND, Ohio – Zion Williamson is already bigger than LeBron James. Zion Williamson is going to sign a massive sneaker endorsement deal at some point this Summer, it just remains to be seen which brand the No. Data is a real-time snapshot *Data is delayed at least 15 minutes. Get this delivered to your inbox, and more info about our products and services. Signing Zion Williamson as soon as humanly possible was unquestionably a top priority for Nike—the only real unknown was the size of the bag he’d secure from the company—but Zion’s … However, it’s a multiyear endorsement deal … Durant’s current Nike deal is worth about $8.5 million per year; Zion could command $10 million per year. "Since I was a kid, I dreamed of making it to the league and having the type of impact on the game Michael Jordan had," Williamson says. Do you think there is anyone that will be able to land a contract … "He's an essential part of the new talent that will help lead the brand into the future. Williamson announced that he had signed with Jordan on his Instagram. 1 pick in a decade. Duke basketball superstar injured after his Nike shoe blows apart during UNC game. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Flipboard (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window). Highly sought-after National Basketball Association (NBA) sensation Zion Williamson has signed a multi-year shoe deal with Nike-owned Jordan Brand. “Since I was a kid, I dreamed of making it to the league & having the type of impact on the game Michael Jordan had & continues to have today. LeBron James got seven-years, $87 million, however, Williamson is second and bumps Kevin Durant to third (seven years, $60 million). Zion Williamson Shoe Deal: Nike & Adidas Headed For ‘Biggest Bidding War Ever’ Getty Zion Williamson has a difficult decision between Nike and Adidas for his first shoe deal. Williamson was probably the biggest shoe free agent on the market this summer. What is the new Zion Williamson Nike contract worth? A day later it was reported that the deal is worth $75 million over five years, averaging out to $15 million per year. But it became a technicality that his shoe paycheck would come from Nike five months ago. Zion Williamson signs massive shoe deal. — Darren Rovell (@darrenrovell) July 23, 2019, “I feel incredibly blessed to be a part of the Jordan Brand family,” Williamson said in a statement. Blake Griffin. Nike's director of media relations announced the deal on Twitter. 1 NBA draft pick and rising 19-year-old basketball star, to its Jordan brand, the world's largest sportswear maker said on Tuesday. Inside the impending Zion sneaker bidding war (2:09) As many as six sneaker companies, from Nike to Anta, are expected to make offers to Zion Williamson and potentially put … At least when it comes to his sneaker deal. 1 pick in this year's NBA Draft, Zion Williamson, has signed with Nike's Jordan brand, the company announced on Tuesday. Sorry, your blog cannot share posts by email. “He’s an essential part of the new talent that will help lead the brand into the future. "Since I was a kid, I dreamed of making it to the league and having the type of impact on the game Michael Jordan had and continues to have today. He's now a rookie for the New Orleans Pelicans. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Three Nike executives discussed a plan to pay Zion Williamson and Romeo Langford in February 2017 in order to get them to play in the company’s grassroots summer league when both were in … The stock closed up less than 1% and has risen more than 16% this year. 1 pick in this year's NBA Draft, Zion Williamson, has signed with Nike's Jordan brand, the company announced on Tuesday. There are rumors Puma had offered even a larger contact, but Williamson wanted to be a Jordan brand guy. According to Celebrity Net Worth, the sportswear company signed Williamson for a deal worth $75 million for five years.The contract pays him $15 million every year for an exclusive shoe designed by Nike. Left money on the table for his dream of wearing the logo of his favorite player. Zion Williamson has still NOT signed a shoe deal -- despite being the most sought after NBA draft pick since LeBron James-- and our sources say it's all because of Puma.. Nike … Zion Williamson, #1 of the Duke Blue Devils, reacts against the Michigan State Spartans during the second half in the East Regional game of the 2019 NCAA Men's Basketball Tournament at … And now Zion Williamson has joined them as a Jordan Brand athlete. He told us he would ‘shock the world,’ and asked us to believe him. Sign up for free newsletters and get more CNBC delivered to your inbox. Nike approached Williamson with the deal of a lifetime. (AAP) While just under 70% NBA players wear Nike shoes, only 7% of the NBA is contracted to the Jordan Brand, with Nike looking to … On July 23, 2019, Nike officially announced that it had signed Zion to an exclusive shoe contract. BEAVERTON, United States — Nike Inc has signed Zion Williamson, the No. Zion Williamson of the New Orleans Pelicans warms up on the court before a semifinal game of the 2019 NBA Summer League against the Memphis Grizzlies at the Thomas & Mack Center on July 14, 2019 in Las Vegas, Nevada. Zion Williamson's shoe deal with Jordan Brand extends five years and is worth $75 million, the richest annual rookie shoe deal in NBA history, The … Nike was in hot water with Williamson earlier this year when the former Duke forward blew right through a pair of his Nike sneakers, suffering an injury on the court during a game against rival University of North Carolina. That freed Williamson, the prohibitive favorite to be selected first overall in the 2019 NBA Draft, to turn his attention from March Madness to shoe madness. Full details of Zion Williamson’s Jordan deal have yet to be revealed. While still a rookie, he already is a huge marketing presence — Summer League in Las Vegas sold out to see him the first two nights (people ended up disappointed) — and it was estimated he would make north of $10 million a year on his rookie shoe deal. Sonny Vaccaro, an industry legend who has worked for Nike, Adidas and Reebok, said Williamson could land an unprecedented deal worth $100 … He was one of those special athletes I looked up to, and I really can't express how happy and excited I am for this journey.". Nike was in hot water with Williamson earlier this year when the former Duke forward blew right through a pair of his Nike sneakers, suffering an injury on the court during a game against rival University of North Carolina. The No. He’s the kind of player who could sell a lot of shoes, and Jordan is betting on just that. There has been a lot of speculation as to how much money presumptive No. We want to hear from you. Nike continues to dominate the NBA and basketball shoe market, with more than two-thirds of NBA players wearing Nikes. "Zion's incredible determination, character and play are inspiring," Michael Jordan said in a statement. Still, don’t expect sanity to win out in the Zion Williamson sneaker bidding war. 1 overall pick Zion Williamson will get in a shoe deal. 1 overall pick will side with. Post was not sent - check your email addresses! He told us he would 'shock the world,' and asked us to believe him. UPDATE (July 24): Zion Williamson’s contract is a 7-year deal worth $75 million, Forbes reports. Business Legal News May 11, 2020 1:04PM PT Zion Williamson May Have Taken Under-the-Table Payments From Duke, Adidas and Nike + More Explosive Allegations Even still, landing Williamson — who will play for the New Orleans Pelicans — was such a big score that Nike stock jumped up one percent on the news. Williamson, the reigning college basketball player of the year, dominated in his only season at Duke University, breaking several school records, including most 25-point games by a freshman. Zion Williamson's former marketing representative has asked the Pelicans star to admit that his parents demanded and received gifts from Duke, Nike and Adidas. Sources say Zion Williamson had offers bigger than the Jordan deal. 1 pick in this year’s NBA Draft, Zion Williamson, has signed with Nike’s Jordan brand, the company announced on Tuesday. Chris Paul. Nike's Jordan brand signs with New Orleans Pelicans rookie Zion Williamson. Got a confidential news tip? Nike is going all in on NBA No. It's the largest shoe deal ever for a rookie in terms of annual pay. The No. Will anyone get a contract that big? Which Brand Will Sign Zion Williamson to an NBA Shoe Contract? That deal is a lifetime contract … We do.". It would be ironic if a Nike shoe caused a serious injury for Williamson, when The Swoosh is likely interested in giving the Duke star freshman a monster contract once he heads to the NBA. The deal is for seven years, according to Adam Zagoria of … Financial terms weren't disclosed. Zion Williamson Announces Shoe Deal With Nike's Jordan Brand On Instagram. The No.

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