Derrick Rose's adidas Contract Leaked, and His Brother Reportedly Earns $250K as a Consultant

The contract was inked just two months before tearing his ACL, an injury he has never bounced back from.

By HB Team
Sports
37,903 Hypes 32 Comments

Yesterday, Sports Illustrated published an article on its website detailing Derrick Rose‘s massive 40-page sneaker contract with adidas Hoops, one in which his brother and friend earn yearly salaries from the brand.

To start, the contract in question was signed during 2012’s All-Star Weekend, just a season after the then Chicago Bulls point guard won the League’s MVP award, and two months before he would tear the ACL in his left knee in Game 1 of the Playoffs, an injury he has never fully bounced back from. At the time of the contract extension, it was reported to be worth $185 million USD over 14 years, one of the most lucrative endorsement deals in sports history.

Tuesday’s report delves deeper into just how much the now back-up point guard for the Cleveland Cavaliers earns, including an annual retainer of $12 million USD per season from 2012-13 to 2016-17, with this season topping $11 million USD. “It also included annual royalties of up to $6.25 million [USD] per year, as much as $4.8 million [USD] in annual appearance fees and use of a private plane,” reports SI. Furthermore, the contract states that Derrick’s older brother Reggie is paid between $250,000 USD and $300,000 USD annually as a consultant, while his best friend and assistant, Randall Hampton, earns between $50,000 USD and $75,000 USD annually, also as a consultant.

If you’re wondering why his contract earnings hasn’t at least been deducted for poor and limited play over the years, the report states that “unlike most contracts, Rose’s has clauses nullifying said deductions if he makes various promotional appearances.” What’s more surprising is that adidas could’ve terminated or reduced his contract for 2015’s rape allegations, invoking the “morals clause,” asserting that the allegations had, as his contract states, “‘a material adverse effect against the reputation of adidas.’ Yet the company chose not to.” Rose was later cleared of all charges by a jury in a civil suit.

The same article stated that Terry Rozier’s adidas contract was terminated after wearing Nikes in a shoot-around.

Read Full Article

What to Read Next

Travel Back to the '90s in Netflix's 'Everything Sucks' Trailer
Entertainment

Travel Back to the '90s in Netflix's 'Everything Sucks' Trailer

Highlighting some of high school’s best memories.

'Battlebots' Has Been Revived for a New Season
Entertainment

'Battlebots' Has Been Revived for a New Season

“This is a sport for smart people where it’s all about ideas and building something cool.”

Givenchy Drops Red, White & Blue Mid Sneakers for Spring/Summer 2018
Footwear

Givenchy Drops Red, White & Blue Mid Sneakers for Spring/Summer 2018

A timeless court silhouette.


'Forbes' Introduces First-Ever List of Cryptocurrency's Richest
Tech

'Forbes' Introduces First-Ever List of Cryptocurrency's Richest

Billions and billions in digital wealth.

Nike's KD 10 "All-Star" Makeover is Inspired by LA
Footwear

Nike's KD 10 "All-Star" Makeover is Inspired by LA

Sand and surf.

Vincent Laforet Presents a Stunning Aerial Showcase of Los Angeles
Travel

Vincent Laforet Presents a Stunning Aerial Showcase of Los Angeles

Created with a RED 8K Helium camera.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the lights on and to continue providing free news to our readers. We’d appreciate your support by whitelisting HYPEBEAST on your ad blocker. That way you can keep reading all the great stories for free.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBEAST ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBEAST”.
  3. Refresh the HYPEBEAST page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBEAST page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBEAST page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBEAST page that you were viewing.