Adidas wants to buy John Wall out of his $25 million deal, per ESPN, who reports that the parties are in talks to bring an end to the player's five-year endorsement less than two years since the agreement was made.
The Washington Wizards guard signed a deal back with the sportswear company in January of 2018 but has struggled with injuries since. He missed 27 games with a knee injury three weeks into the five-year term and was unable to play in the All-Star game as a result.
That was particularly disappointing, where Adidas was concerned, as the guard was expected to showcase the brand during the event.
As if that wasn't bad enough, Wall would suffer an Achilles tendon injury in December last year that would have kept him out for the remainder of the season. Then he suffered a full tear of the tendon in February that has ruled him out for this season as well.
Adidas is now looking to pull out of the deal as the player's on-court visibility has been significantly limited and their sneakers aren't making it to the court on his feet.
"All-Star point guard John Wall and Adidas are engaged in ongoing buyout negotiations that will soon bring his five-year footwear and apparel endorsement deal to an end less than two years into the agreement, industry sources told ESPN"
- Nick DePaula (ESPN)
During the summer, Wizards owner Ted Leonsis told reporters that Wall was unlikely to suit up for the team this season, with his return date now expected sometime during the 2020/21 campaign.
Wall and Adidas have had a rocky relationship since he switched from Reebok. After seeing two JWall signature sneakers drop between 2013-2015, the parties were unable to come to an agreement over an extension in the fall of 2015 and parted ways.
The guard played without a shoe deal for two seasons but they reunited last year during an "aggressive" Adidas campaign in which they sought to sign more players. The deal was expected to net Wall $25 million but his time away from the court appears to be bringing an end to that too.