Nike, a footwear manufacturing giant, announced the suspension of its deal with Brookly Net’s Kyrie Irving due to hate speech. The company is putting off its $17 million deal with the NBA star following his anti-Semitic post on social media.
Nike confirmed it had shelved its relationship with Irving, and it is effective immediately. The decision came after the basketball player shared a link to an anti-Semitic documentary on his Twitter account.
His own team was the first to slap Irving with a suspension on Thursday last week, not long after he shared the content with his Twitter followers. The Nets prohibited him from playing for a minimum of five games without pay.
According to Fox Sports, Irving refused to apologize for his post at first, but hours after The Nets announced his suspension, he released an apology via his Instagram account. He said he is taking full accountability and responsibility for his action.
However, despite his apology, the backlash has already spread, and even the NBA community condemned what he did. One of his biggest partners, Nike, was the latest to take action against Irving. The sneaker and sports apparel manufacturer is discontinuing its deal with the 30-year-old NBA player for now.
With Nike’s decision, the scheduled launch of Irving’s new shoe under the brand has been canceled as well. It was supposed to be released on Nov. 11, but with the relationship turning sour over the anti-Semitism, it is unknown if the company will still sell it later or if it is completely scrapping the latest Irving shoe.
“At Nike, we believe there is no place for hate speech and we condemn any form of antisemitism,” Nike said in a statement. “To that end, we have made the decision to suspend our relationship with Kyrie Irving effective immediately and will no longer launch the Kyrie 8.”
Nike further said they are deeply saddened and disappointed by the situation and its effect on everyone. It canceled its relationship with The Nets player just a day after the team suspended Kyrie Irving.


KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally
US Stock Futures Steady as Cooling Inflation and Strong Earnings Support Markets
S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears
Synlait Milk Denies Fonterra, a2 Milk Takeover Talks
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar
Antofagasta Shares Drop 5% as Miner Cuts 2026 Copper Production Forecast
Asian Stocks Steady as Iran War Keeps Oil Prices and Inflation Risks Elevated
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets
Malaysia Inflation Eases to 1.8% in July, Below Forecast
Anthropic Eyes $6B Decart AI Acquisition Ahead of Mega IPO
Gold Prices Rise as Weak US Retail Sales Cut Fed Rate Hike Bets
US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus
Bill Ackman’s Pershing Square Returns to Netflix With Major New Stake
Thyssenkrupp Raises 2026 Profit Outlook as Steel and Materials Units Strengthen
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push 



