When Derrick Rose signed his adidas extension in 2012, it seemed like a smart move. He was the youngest MVP in history at 22 and looked like he would be fighting LeBron for NBA Finals appearances for years to come.
Life is funny though, and it has pretty much gone downhill from Rose since that time, but the checks from adidas are still being cashed because the extension is one of the best sneaker deals of all time.
SI got a leaked copy of the contract (I wondered who leaked it and why) and here are the details.
Recently SI obtained his 40-page contract with Adidas, and the document shows just how far shoe companies are willing to go to accommodate an athlete. The deal called for annual retainers of $12 million per season from 2012–13 until ’16–17. (This season, he is entitled to $11 million.) It 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.
Reggie Rose, 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.
Like most endorsement contracts, Rose’s calls for reductions and pro-rations. In this case, if Rose fails to make the All-Star team (as he has every year since 2012) or misses more than half the 82 regular-season games (as he did in ’12–13 and ’13–14 and is on pace to do this season), he can be docked pay. But unlike most contracts, Rose’s has clauses nullifying said deductions if he makes various promotional appearances.
Rose, was asked recently whether his Adidas deal has influenced his decision not to retire. “Man, I don’t care about [that],” he said. “Not to be rude, [but] I don’t care about no f‑‑‑‑‑‑ money.” Adidas shareholders might feel otherwise.
That is good negotiating on Rose and his agent’s part, can’t hate on that.
For SI to say why adidias is paying him, seems personal. He signed a contract, adidias is honoring it, that is how it is supposed to me.