From the ground up

Derrick Rose signed a monster contract worth $185 million over 14 years with adidas in February 2012, half a season removed from winning the NBA’s MVP award and two months before he would tear his first ACL – an injury he’s still not recovered from. Six years on, details of that contract have leaked, and it turns out adidas is still paying Rose upwards of $11 million a year.

Notably, the Sports illustrated article outlining the leaked contract details also alleges that, as part of the massive 40-page sneaker endorsement deal, the point guard’s brother and friend earn yearly salaries from the brand.

As per the article, which reports that Rose had an annual retainer of $12 million per season from 2012-13 to 2016-17, the star is on $11 million for this season alone. It goes on to state: “[The contract] also included annual royalties of up to $6.25 million per year, as much as $4.8 million in annual appearance fees and use of a private plane. Derrick’s older brother is paid between $250,000 and $300,000 annually as a consultant. Randall Hampton, Rose’s best friend since sixth grade and his assistant, is paid between $50,000 and $75,000 annually for “consulting” services.”

The contract turned out to be a massive gamble due to the amount of money paid to Rose (in comparison, SI claims John Wall’s latest deal pays him a base salary of $4 million) as well as its length of 14 years. Top level athletes are, of course, prone to getting injured – which is exactly what happened to Rose.

adidas has clauses in the contract allowing them to dock Ross pay for missing games (which he has). However, the article goes on to state that “unlike most contracts, Rose’s has clauses nullifying said deductions if he makes various promotional appearances.”

adidas also had the chance to activate a “morals clause” when Rose was accused of rape in 2015, but chose not to. This clause would have allowed adidas a get out on the basis that the allegations had brought “‘a material adverse effect against the reputation of adidas.” Rose was later cleared of all charges by a jury in a civil suit in October 2016.

For the full report, head to the Sports Illustrated article here.

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Footwear Staff Writer

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