Sportswear

Nike snatches NBA champion Shai Gilgeous-Alexander from Converse

Under the deal, the player – who has been named the league’s MVP for two years running – would receive a cheque for 15 million a year

by Monica D'Ascenzo

La guardia degli Oklahoma City Thunder Shai Gilgeous-Alexander controlla la palla durante la seconda partita delle finali della Western Conference dei playoff NBA contro i San Antonio Spurs, mercoledì 20 maggio 2026, a Oklahoma City. (AP Photo/Tony Gutierrez)

4' min read

Translated by AI
Versione italiana

4' min read

Translated by AI
Versione italiana

Converse’s biggest basketball star is switching teams and moving to Nike. Shai Gilgeous-Alexander, point-guard for the OKC Thunder and this year’s league MVP for the second consecutive season, is set to join Nike’s flagship team, in a move that further strengthens the group’s leadership in the world of basketball. The deal is reported to be worth 15 million a year to the player, on top of the 285 million from his four-year contract with the OKC Thunder.

This is a case of internal competition, given that Converse was acquired in 2003 by the Nike group in a deal worth 305 million dollars. Founded in 1908 in North Andover, Massachusetts, by Marquis Converse, the company had gone into receivership in 2001 and, the following year, had generated a turnover of just $205 million, compared with $10.7 billion for its then-rival Nike. Today, the brand famous for its canvas trainers is facing a new and challenging phase.

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Converse’s challenges

The news of the basketball star’s departure represents a new setback on Converse’s road to recovery, as the company is set to record its worst annual sales figures in the last fifteen years. The brand’s decline is complicating the relaunch plan for the entire group initiated by Nike’s CEO, Elliott Hill, who has been tasked with reversing the growth trend and strengthening the positioning of the various brands in the portfolio.

In recent months, Hill has embarked on a major reorganisation of Converse, appointing a new brand manager and overhauling the cost structure through staff cuts and reductions in advertising expenditure. This strategy is aimed at putting the brand back on a path to sustainable growth, but has so far failed to deliver the desired results.

A couple of months ago, incidentally, rumours had circulated that Authentic Brands Group was interested in acquiring the brand, but speculation about a possible sale had been denied by Hill himself. Now, this blow to Converse’s portfolio of brand ambassadors has reignited speculation that the brand could split from the group in the near future. The decision to move Gilgeous-Alexander from Converse to Nike takes on particular significance because the Canadian player, also known by the acronym SGA, was one of the cornerstones of the relaunch strategy for the historic brand.

Converse has been on the market for over a century and is best known for its iconic Chuck Taylor All Star trainers, which were once worn on the court by some of basketball’s greatest stars and remain one of the most recognisable products in the sports footwear industry to this day.

The value of Gilgeous-Alexander

“We are delighted to welcome Shai Gilgeous-Alexander to the Nike Basketball family,” said a spokesperson for the sportswear group, who also emphasised their intention to “build on the extraordinary impact Shai has had with Converse as one of the game’s most influential creative leaders”, noting that the move comes after two consecutive seasons in which he was named NBA MVP.

The athlete had signed with Converse in 2020, having initially signed a deal with Nike upon his NBA debut in 2018. In 2024, he renewed his partnership with Converse with a multi-year extension, also taking on the role of creative director of the basketball division, with responsibility for product development and the brand’s image. The collaboration had been presented as one of the most ambitious projects aimed at bringing Converse back to the forefront of the basketball scene.

The player’s first signature shoe, the SHAI 001, was unveiled in February 2025 and subsequently released in a range of colourways. The model, featuring a padded upper and a futuristic design, was well received by fans and symbolised a new direction for Converse Basketball.

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The change of team – or at least in terms of sponsorship – did not come as a bolt from the blue. In recent days, Gilgeous-Alexander had fuelled rumours of a change of sponsor with a series of cryptic videos and posts on social media, in which his personal logo gradually transformed into Nike’s iconic ‘Swoosh’, hinting at the imminent official announcement.

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The move marks one of the most significant developments in recent years in the sports sponsorship market. Deals of this kind within the same group are, in fact, quite rare: in the past, similar cases have involved Dwyane Wade, who moved from Converse to Jordan Brand in 2009, and Jayson Tatum, who left Nike in 2019 to become one of Jordan Brand’s leading ambassadors.

Among the roster of leading NBA stars associated with the Nike group, the group can count on a core of top-class athletes who represent both the brand’s continuity and its generational evolution. Among them, LeBron James and Kevin Durant stand out, both bound by lifetime contracts that have cemented their status as global icons and pillars of the Nike Basketball division. Alongside them is Giannis Antetokounmpo, the star of a fully active partnership and a symbol of the brand’s new era with the “Zoom Freak” range. Representing the Jordan Brand universe, which is owned by Nike, is Jayson Tatum, now one of the leading figures in the brand’s technical and commercial strategy with a dedicated signature shoe, whilst Devin Booker rounds off the group of contemporary leaders with his “Book” range, now a permanent fixture in the company’s performance footwear catalogue.

Gilgeous-Alexander’s move to Nike now highlights the challenge facing the management: to revitalise Converse whilst preserving its historic identity, whilst the group focuses its main commercial and marketing resources on the brands and athletes capable of delivering faster growth in an increasingly competitive global sportswear market.

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