— UNINTERRUPTED (@uninterrupted) June 7, 2016
Adidas also offered a shoe deal potentially worth considerably more than Nike, multiple sources told The Vertical. The adidas offer began at $10 million over five years, with a $2 million signing bonus and a $1 million bonus for winning the Rookie of the Year Award. The offer was upped to $17 million over five years, with the bonuses still on the table.
Nike’s initial offer began much lower at $7.5 million over five years. After the NBA’s draft lottery locked in the Philadelphia 76ers and the Los Angeles Lakers at the first and second picks, respectively, Nike increased its offer to $12 million over five years, with incentives valued much lower than adidas’.
A key difference in the offers: Simmons would have owned a “rollover clause” in the adidas deal, but not with Nike, sources said. If Simmons were to win the Rookie of the Year Award and the subsequent $1 million bonus, his second-year base number with adidas would’ve rolled over that additional million and landed at $4.4 million. Each year thereafter would’ve had a base number including all incentives earned to that point, which could have dramatically increased the overall value of the deal. There were also several additional bonuses for earning All-Star honors.