Sports apparel giant Adidas announced on March 16 it isn't renewing its contract with the National Basketball Association. The deal is set to expire after the 2016-17 NBA season.

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San Antonio Spurs v Denver Nuggets DENVER, CO - DECEMBER 14: A detail photo of the shoes of Tim Duncan #21 of the San Antonio Spurs as he faces the Denver Nuggets at Pepsi Center on December 14, 2014 in Denver, Colorado. The Spurs defeated the Nuggets 99-91. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Doug Pensinger/Getty Images)

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