Rose earns extra $14.5M from Adidas after re-signing with Timberwolves
Derrick Rose will only make the veteran's minimum to remain with the Minnesota Timberwolves, but he'll earn a huge payday off the court.
After landing another contract, and thus remaining in the NBA, Rose triggered $14.5 million in endorsement money from Adidas, according to Nick DePaula of Nice Kicks.
Rose signed a 14-year deal with Adidas following his MVP campaign, which will pay him in excess of $10 million through 2025 provided he meets certain benchmarks.
Derrick Rose’s Adidas contract will go down as one of the best endorsement deals ever negotiated for an athlete. Here’s the full breakdown of his annual Base pay and the MGR (Minumum Guaranteed Royalty) over the 14 year length, which was published by @SInow. pic.twitter.com/yrInboaAjq
— Nick DePaula (@NickDePaula) July 1, 2018
While his stock has fallen dramatically in recent years, Rose remains a fan favorite in China and his signature sneakers are a popular item. As DePaula notes, over 70 percent of his shoe sales come from the Asian market.
The 29-year-old averaged 5.8 points and 1.2 assists in nine games with the Timberwolves following a miserable start to the year, during which Rose briefly considered retirement while playing with the Cleveland Cavaliers.