Nike Inc. announced on Monday, Dec. 5, it has finally made the decision to sever its ties with the 30-year-old National Basketball Association player Kyrie Irving of the Brooklyn Nets. This means his contract with the company is no longer in effect.
Nike and Irving’s relationship came to a halt after the basketball star posted antisemitic comments on social media. His posts were immediately criticized, but it took him some time before issuing an apology and stating he was against antisemitism since he was refusing to do so at first.
Shetellia Riley Irving, the Brooklyn Net player’s agent, told CNBC that the decision to cut ties was mutual. “We have mutually decided to part ways and wish Nike the best in their future endeavors,” she said.
Kyrie himself did not comment on the news of Nike’s contract termination but posted a short clip on Twitter. The video was captioned in a way that suggests he is referring to the aborted contract with the footwear and sports apparel manufacturing giant. “There’s nothing more priceless than being free,” the words on his video reads.
In any case, Nike’s announcement of officially dropping Kyrie comes just a month after it suspended its agreement with the basketball player. As a result, the market release of Kyrie 8 sneakers which was already on the schedule for late November, was also cancelled.
At that time, the company posted a statement saying, “At Nike, we believe there is no place for hate speech and we condemn any form of antisemitism.”
Moreover, Phil Knight, the company’s founder, said in an interview in November that he thinks Kyrie has truly stepped over the line by unleashing those antisemitic remarks. Kyrie has been in contract with Nike since 2014, and he was also suspended by the team he has been playing for, for the same reason.
The Brooklyn Nets said that Irving failed to “unequivocally say he has no antisemitic beliefs.” Finally, Sports Illustrated reported that Nike's decision to end its contract with the player did not come overnight. This is because there were already cracks in their business relationship. To be more specific, their relations started to sour during the Summer of 2021 when the basketball player accused Nike of excluding him from the design of his Kyrie 8 signature shoe.
Photo by: Nelson Ndongala/Unsplash


Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Thailand Inflation Remains Negative for 10th Straight Month in January
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 



