In June, NBA point guard Derrick Rose quietly made news for signing on with the Memphis Grizzlies as a free agent. But when the details of his endorsement deal with Adidas recently resurfaced online, Rose was met with both criticism and support.
In 2018, Sports Illustrated shared the details of Rose’s 40-page contract with Adidas, per Bleacher Report. The contract revealed that Rose earned an annual retainer of $12 million from 2012 to 2017 and $11 million for the 2018 season. In all, it was around a total of $185 million.
In addition, the report detailed that Rose earned additional royalties to $6.25 million annually, $4.8 million in appearance fees, and the use of a private plane. But that’s not all: Rose’s older brother earned between $250,000 and $300,000 annually as a consultant while his best friend earned between $50,000 and $75,000 as a consultant.
The news recently resurfaced on the Instagram account “Images You Won’t See On TV,” and followers of the account are commenting.
“Yeah, I remember seeing this years ago. I think he may have a lifetime contract with Adidas too,” wrote one person. “This is exactly how you do it. Make the company pay and now you are putting your friends and family on. Love D Rose.”
“Smart man! Covering his family,” wrote another.
“…I know each situation can vary but typically you can trust close friends and relatives over strangers…I’ve heard so many stories of agents, lawyers, and accountants stealing money from athletes and entertainers,” said someone else. “I’d rather keep money circulating in the family try and create generational wealth.”
Other followers, however, criticized Rose’s endorsement deal and his ability to support his family.
“That’s the stupidest thing I’ve ever heard tell them to go get jobs,” one social media user wrote.
Rose reportedly has a current net worth of $90 million. Rose was drafted into the NBA in 2009, playing for the Chicago Bulls. That year he was voted “Rookie of the Year,” becoming the youngest player in the league to earn the recognition. Two years later, he was named the NBA’s Most Valuable Player. He played with the Bulls until 2016. He has played for the New York Knicks, Cleveland Cavaliers, Utah Jazz, Minnesota Timberwolves and Detroit Pistons. Rose has earned other considerable endorsements throughout his career, including through Wilson Sporting Goods, Skullcandy headphones, Powerade, Force Factor and Chicago Nissan.