Jose Manuel Calderon's agent, Alvaro Tor, denied reports that the Raptors guard is cutting ties with Chinese sportswear company Li Ning.

"Jose Manuel is under contract till December 2012," Tor said. "We started talking a few months ago about an extension with both Li Ning China and Li Ning USA."

Calderon is among several NBA endorsers of the Chinese brand, which currently is at the No. 7 spot in HoopsHype's Sneakers Rankings.