The deal, negotiated by agent Andy Miller of ASM Sports, pays the New York Knicks power forward between $3 million and $6 million annually. That starting range could escalate each year based on several performance incentives such as point-average thresholds, playoff appearances and All-NBA or All-Star team selections. His previous brand, Nike, held a “right to match” clause and waited until the very end to decline to match adidas’ offer.
The fact Porzingis was a sneaker free agent was a mostly unprecedented case. Typically, rookies drafted at the top of the first round sign a four-year sneaker deal, but Porzingis signed a four-year contract with Nike for $25,000 when he began his pro career in Spain at 17. “What made it unique was that [the deal] wasn’t over by the time he was drafted,” Chris Brantley, vice president of marketing at ASM Sports, told The Vertical before Porzingis entered into negotiations with other brands. “He still had one year to go, and we had him play out the year and bet on him. We bet that he would have a good season and put himself in position to get a nice contract when it expired.”
Prince told his longtime agent Bill Duffy that he would like to sign as a free agent this past offseason with a team that was at least competing for a playoff spot. While Prince said there has been interest, there have been no contract offers from any NBA teams. He’s not interested in playing overseas and is patiently waiting for an NBA offer to come soon. Prince is now on the outside looking in during training camp and the preseason for the first time since entering the NBA in 2002. He said it’s odd not being in training camp enjoying “camaraderie and building the chemistry.” The good news is he has more time at the moment to spend with his wife and son. “The hardest part about the wait is that there are a lot of teams out there that know what I bring to the game,” Prince said. “I know I have good leadership, and they know I’m a great locker room guy. Obviously, some of the assistant coaches that you’ve played for are dispersed around the league. A lot of them are accustomed to what I do and what I bring to teams …