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Following his fall-out with Nike, Kanye West has reportedly inked a $10 million deal with rival Adidas for his new line of sneakers.
According to the New York Post‘s Page Six column, the rapper has publicly expressed his frustrations with Nike over the compensation for his popular Yeezy sneaker line. A source explained, West “only got 10 to 20 cents on the dollar for sales of his sneakers from Nike, and he only had a small personal stash to give out to his friends.”
The rapper recently explained why his relationship with Nike faltered during a concert at the Barclays Center in Brooklyn, New York.
“And with Nike, last conversation I had with them I said, ‘When are the Red Octobers coming out,’ and they said, ‘We’re not sure,'” West told the crowd. “Then I talked to my man down in Miami that runs the store and they said Nike was pressuring them saying if you want the Red Octobers you have to take all these trash-a** shoes. Nike was pressuring them trying to leverage off some s h** that I made.”
Kanye then claimed he was not offered royalties from Nike since he’s “not a professional athlete.” However, West added that intends to make history without the sneaker giant backing him. “I’m gonna be the first hip-hop designer and because of that, I’m gonna be bigger than Walmart,” he said.
Copyright 2013 ABC News Radio
