HoopsHype Business rumors

August 22, 2014 Updates
August 21, 2014 Updates

Michael vs. Larry, Grant Hill drinks Sprite, Michael Phelps and his five-dollar foot-long. Kevin Durant won’t have any of these iconic commercials/brand associations any time soon. In March, Durant signed an endorsement deal with KIND Healthy Snacks, and according to Chris Sheridan, the endorsement deal has strict restrictions. Durant may not sign an endorsement deal with any company that uses sugar or preservatives in its products. That means no McDonalds (or really any fast food or quick service restaurant), no Coca-Cola or Pepsi, no Subway, no candy company, no . . . well a lot of companies that regularly sign athletes to endorsement deals. As Sheridan reported, the deal is unusually restrictive. The Fields of Green

August 19, 2014 Updates

After re-releasing the Grant Hill and Grant Hill II in a variety of colorways for the past year and half, FILA is preparing for the re-launch of the former All-Star swingman's third signature shoe. Now being called the FILA 97, the Grant Hill III was a mid-cut silhouette supported by FILA's controlled 2A cushioning technology. On October 10, the shoe makes its way back to retail. Sole Collector

August 18, 2014 Updates
August 16, 2014 Updates

Team USA is only the latest entity to be left with a sour taste after dealing with Durant and his latest agent. The folks at Nike aren’t exactly happy. The folks at Gatorade already were unhappy. “It’s like Jay-Z is determined to do a scorched earth negotiation with everyone Kevin Durant is currently aligned with, and they aren’t doing him any favors,” one source close to Durant told SheridanHoops on Friday as Team USA prepared for its first exhibition game in preparation for the 2014 World Cup. SheridanHoops

Durant spent Wednesday at the headquarters of UnderArmour, which is reportedly offering him a $325 million, 10-year deal to leave Nike. A source told SheridanHoops that adidas is making an under-the-radar push to sign Durant, too, when his current deal with Nike expires Sept. 30 – the eve of training camp for the upcoming NBA season. SheridanHoops

But industry insiders said there remains a possibility that Durant will ultimately renew his deal with Nike. Two weeks ago in Las Vegas, he was seen playing high-stakes blackjack with Nike executive Lynn Merritt at the Wynn Resort. SheridanHoops

August 13, 2014 Updates
August 11, 2014 Updates

Despite Paul George's absence, the Indiana Pacers will surely sell some of his jerseys this upcoming season, but they will bear a different number. Before the deadline in the first week of March, George applied for and was granted the right to switch from No. 24 to No. 13, sources told ESPN.com. Per league rules for a player who changes jersey numbers on the same team, George will have to buy up all remaining No. 24s from the marketplace. ESPN.com

August 10, 2014 Updates

The nation's largest online licensed sports retailer saved itself from being caught with a glut of Andrew Wiggins Cavaliers replica jerseys and fans from the hassle of returning them. A spokesman for Fanatics, which also services the NBA's online store, said Thursday that the company -- which specializes in on-demand customization -- actually never made the No. 21 Wiggins Cavs jerseys that fans ordered from the sites. ESPN.com

August 8, 2014 Updates

Kevin Durant's rumored move to Under Armour appears to be a foregone conclusion, multiple sources with knowledge of the negotiations told InsideMDSports.com. Durant, whose Nike contract recently expired, canceled a trip to the Swoosh's Oregon headquarters earlier this week amid speculation Under Armour had offered him a deal in the range of $30 million annually to become the ascending athletic brand's marquee pitch man. Sources told IMS earlier Under Armour's proposal could be as high as $325 million over 10 years. InsideMDSports.com

August 7, 2014 Updates

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