Report: Anthony Edwards signs Adidas extension worth 'eight figures annually'

Edwards will be wearing Adidas for a long time.

May 26, 2024; Dallas, Texas, USA; Minnesota Timberwolves guard Anthony Edwards (5) dunks the ball over Dallas Mavericks center Daniel Gafford (21) during game three of the western conference finals for the 2024 NBA playoffs at American Airlines Center. Mandatory Credit: Jerome Miron-USA TODAY Sports / Jerome Miron-USA TODAY Sports

Timberwolves star Anthony Edwards has signed a multiyear contract extension with athletic apparel and footwear brand Adidas, according to NBA insider Shams Charania.

Edwards has been with Adidas since he came into the league in 2020. His first signature shoe line, the AE1, released in November 2023. They were reportedly a smash hit during the NBA season, becoming one of the highest-selling basketball shoes on the market.

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Charanis reports that Edwards' new deal with Adidas will pay him "eight figures annually," which on top of his $42 million salary from the Timberwolves in 2024-25 will take him over the $50 million mark.

With the 2024 Paris Olympics taking place later this month, it will be a great opportunity for Edwards to showcase his shoes on a worldwide scale as he plays for Team USA.