Reportedly, NIKE, Inc. (NKE) has recently withdrawn from its relationship with Kyrie Irving, the Brooklyn Nets star, and canceled its next Irving-branded shoe release, Kyrie 8 after his promotion of an anti-Semitic documentary. The Nets had already suspended Irving for at least five games over the antisemitic post. Also, the Nets will also not pay him during his suspension.
Kyrie Irving is on a $36.9 million contract this season, after having earned nearly $195 million in his previous 11 seasons with the Cleveland Cavaliers, Boston Celtics, and the Nets, according to Basketball-Reference.com.
The Nets had said he would be suspended no less than five games until he undergoes a series of unspecified “remedial measures.”
NIKE, Inc. (NKE) is the world’s top designer, marketer, and distributor of athletic footwear, equipment, apparel, and accessories. The Beaverton, Oregon-based company offers products for a wide variety of sports and fitness activities. To learn more about NIKE, Inc. (NIKE) and to continue to track its progress please visit the Vista Partners NIKE Coverage Page.
