Top NBA draft prospect Ben Simmons announced he will sign a shoe deal with Nike.
In a video posted by Unintterrupted on Tuesday, Simmons announced the news. He opted for the Swoosh over a competitive offer from Adidas after weighing the decision over the past couple months. He is currently projected as the No. 1 or No. 2 pick in the upcoming draft.
According to reports, Simmons was deciding between five-year endorsement offers from both companies. The Adidas deal is more lucrative, offering $10 million overall, a $2 million signing bonus and a number of on-court incentives. Nike offered $7.5 million with less incentives, however, Paul’s agency, Klutch Sports, heavily represents athletes signed by Nike.
The NBA draft is June 23, and the Philadelphia 76ers and Los Angeles Lakers hold the top two picks in the draft.
• OPEN FLOOR PODCAST: Andrew Sharp, Jeremy Woo preview the NBA draft