Home Nike kobe Kyrie Irving, who faced a setback like Kanye West, made $11 million in a deal that was peanuts compared to Michael Jordan and LeBron James

Kyrie Irving, who faced a setback like Kanye West, made $11 million in a deal that was peanuts compared to Michael Jordan and LeBron James

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The Brooklyn Nets have suspended Kyrie Irving for a minimum of five games. Kyrie recently made headlines for a controversial social media post. Many called for Kyrie’s suspension from the NBA and the Nets last week. While the NBA took no action, the Nets decided to suspend the star guard through a chain statement. After the Nets, now Nike has suspended its relationship and ties with Kyrie Irving. This led to the cancellation of the launch of his new Kyrie 8 signature shoe. Although Kyrie’s signature shoe was a big hit, he was not rewarded with a good deal for it.

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Kyrie Irving been in the headlines for quite some time now, but for the wrong reasons. The Nets have already suspended Irving for five games, for which he will lose approximately $2.2 million in salary. It was too late for the Nets keep apologizing, because it cost him the Nike contract. The Nike deal was one of his biggest sponsorship deals and losing it would be a huge blow to his finances.

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Kyrie’s signature shoes were hugely popular around the world and rewarded Nike with huge profits. However, he didn’t get such a good deal compared to LeBron James and Michael Jordan.

Nike’s Kyrie Irving deal wasn’t as good as LeBron and Michael Jordan’s

According Sportico, Nike paid Kyrie Irving $11 million last season through his endorsement deal. Kyrie’s signature shoe with Nike was one of the brand’s top five selling shoes. They are also among the most popular among NBA players, second only to Kobe’s kicks in the 2019-20 season. However, despite being so popular among fans and NBA circles, Kyrie’s deal is nowhere near as good as it gets. james lebron and that of Michael Jordan.

The current fallout between Kyrie and Nike is similar to what happened between Adidas and Kanye West. However, Kyrie has apologized for his controversial social media post. Besides Nike, Kyrie has endorsement agreements with companies such as Pepsi, Skullcandy, 2K Sports, etc. But other brands have yet to respond to the Kyrie Irving controversy.

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Michael Jordan and LeBron James are the biggest names when it comes to signature shoes. The annual contract value of Jordan’s signature shoes for the past year was $150 million, while LeBron’s deal was $32 million. Irving’s Nike deal was about 33% of LeBron’s shoe deal with Nike.

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Watch this story: Net worth of Kevin Durant vs. James Harden vs. Kyrie Irving: Who is the Brooklyn Nets’ richest star?

Do you agree with Nike’s decision to cut ties with Kyrie? Let us know in the comments section.