Ben Simmons to sign sneaker contract with Nike

Top NBA draft prospect Ben Simmons announced he will sign a shoe deal with Nike.

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Top NBA draft prospect Ben Simmons announced he will sign a shoe deal with Nike.​

In a video posted by Unintterrupted on Tuesday, Simmons announced the news. He opted for the Swoosh over a competitive offer from Adidas after weighing the decision over the past couple months. He is currently projected as the No. 1 or No. 2 pick in the upcoming draft.

According to reports, Simmons was deciding between five-year endorsement offers from both companies. The Adidas deal is more lucrative, offering $10 million overall, a $2 million signing bonus and a number of on-court incentives. Nike offered $7.5 million with less incentives, however, Paul’s agency, Klutch Sports, heavily represents athletes signed by Nike.

UNINTERRUPTED Exclusive: @BenSimmons25 announces he will be part of the @Nike family.https://t.co/l5B7Xq3uvB

— UNINTERRUPTED (@uninterrupted) June 7, 2016

The NBA draft is June 23, and the Philadelphia 76ers and Los Angeles Lakers hold the top two picks in the draft.

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