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Closing Bell

Sources: Nike unlikely to extend Irving shoe deal

Nike is "unlikely to extend" Nets G Kyrie Irving to a signature shoe deal beyond the '22-23 season, according to sources. Irving has a "new edition of his shoe set to debut in the fall," but sources said that that is "expected to be the final year of a lucrative signature series that he has had with Nike" since '14. Sources said that because of Irving's popularity, it is "expected Nike will still offer some product associated with him in the future," such as "retro shoes from previous collections." But as discussions between Nike and Irving about his endorsement future have "commenced recently," it has become apparent his relationship with the company "will change -- perhaps dramatically so." Nike did "not deny the looming end to Irving's signature shoe series" (ESPN.com, 5/13).

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