Derrick Rose could lose more than $80 million of Adidas endorsement deal if he retires
Rose is evaluating his future in basketball
Derrick Rose would lose around $80 million from Adidas if he retires from basketball.
The point guard is away from Cavaliers and is evaluating his future in basketball.
Per ESPN, As he continues to "re-evaluate his future in the NBA" while away from the Cleveland Cavaliers, point guard Derrick Rose could potentially be leaving more than $80 million of Adidas endorsement money on the table should he decide to retire outright.
While Rose is on a one-year, veteran's minimum contract with the Cavaliers for this season, he still has seven seasons left on the 13-year, $185 million Adidas extension he signed in 2012. The brand is "absolutely" protected, according to an industry source familiar with NBA endorsement deal exit clauses.
If Rose files retirement paperwork with the league, the terms of any remaining years on the Adidas deal will not be paid out.
The point guard is away from Cavaliers and is evaluating his future in basketball.
Per ESPN, As he continues to "re-evaluate his future in the NBA" while away from the Cleveland Cavaliers, point guard Derrick Rose could potentially be leaving more than $80 million of Adidas endorsement money on the table should he decide to retire outright.
While Rose is on a one-year, veteran's minimum contract with the Cavaliers for this season, he still has seven seasons left on the 13-year, $185 million Adidas extension he signed in 2012. The brand is "absolutely" protected, according to an industry source familiar with NBA endorsement deal exit clauses.
If Rose files retirement paperwork with the league, the terms of any remaining years on the Adidas deal will not be paid out.
E. Carchia
@Sportando
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