Anthony Edwards Signs Extension With Adidas Worth Over $10 Million Per Year

Here's what we know so far about the multi-year-deal.

Mercedes Oliver / NBAE via Getty Images

Anthony Edwards will be repping Adidas for the foreseeable future.

NBA insider Shams Charania reported on X that the Minnesota Timberwolves guard has inked a multi-year extension with the Three Stripes. While specific details regarding the new deal weren't revealed, Charania said in the tweet that Edwards will eventually be making eight figures annually, making him the face of the brand moving forward.

Minnesota Timberwolves All-NBA star Anthony Edwards has signed a multiyear contract extension with Adidas that sources say reaches eight figures annually. Significant new deal cements Edwards as a face of Adidas. pic.twitter.com/QYiDY2Xwoi

— Shams Charania (@ShamsCharania) July 10, 2024

Charania first reported in December 2020 that Edwards would sign an endorsement deal with Adidas after being selected as the No. 1 pick in the NBA Draft by the Timberwolves that year. Three years later, Adidas released Edwards' first signature shoe, dubbed the AE 1, which is arguably the most popular signature model on the market. There's also a low-top version of the shoe scheduled to hit retailers later this year.

On the basketball court, Edwards averaged 26.6 points, 5.6 rebounds, and 5.3 assists this season while being named an All-Star for the second consecutive year. The Wolves guard is also a member of Team USA for the 2024 Summer Olympics in Paris.

At the time of writing, Edwards or Adidas have yet to confirm the new extension.