Kyrie Irving likely to lose lucrative Nike NBA sponsor contract from 2023

Brooklyn Nets star Kyrie Irving is set to lose his lucrative sponsor contract with sportswear giant Nike set to end the deal at the end of the 2022/2023 season.

It’s been an up and down season for Kyrie Irving in the NBA – with him missing most of the regular season before finally being allowed to return to the court.

As he is unvaccinated against COVID-19, Irving was unable to play in home Nets games – due to the city mandate, could only play games on the road before returning to full-time action once the mandate was dropped.

The Nets were then swept in four games in the opening round of the NBA Playoffs by the Boston Celtics.

To top off Kyrie Irving’s season, he is now set to lose his lucrative sponsor deal with Nike. How much is it worth – and why have Nike decided to drop him from the contract?

Kyrie Irving Nike Contract

ESPN has reported that Nike is unlikely to renew its contract with Kyrie Irving, which is set to expire at the end of the 2022/2023 NBA season.

He teamed up with the company in 2014 – with his basketball shoes proving a popular brand.

In July 2021, he publicly lambasted the design of the Kyrie 8 shoe – saying he did not have any influence over the “design or marketing,” of the product.

No doubt having been read Nike’s version of the riot act, he tried to row back his words a few days later – to limited effect.

What’s his Nets contract worth?

Fortunately for the 2011 first pick overall, Irving still has a hefty pay cheque coming in from the Nets, if as is claimed, Nike end the contract with him.

In the 2021/22 season, he was paid a base salary of $34.9 million, rising to $36.5 million in the 2022/23 campaign, as per Sportrac.

The four-year, $136.4 million contract he inked in 2019 with the Nets expires at the end of the 2023 season.

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