7:32am PT by Kevin Rutherford, Billboard
Kanye West Bashes Nike, Confirms Adidas Deal (Video)
Kanye West has long had a partnership with Nike, but all that's changing thanks to a new deal with Adidas.
The rapper confirmed his partnership with the German sports clothing and accessories giant in an interview with New York's Hot 97 on Monday.
"I took the Adidas deal because I have royalties and I have to provide for my family," West said in the interview, recalling comments he made at his Madison Square Garden show on Sunday night, during which he lambasted Nike for not being a good business partner -- confirming on the show that he doesn't receive royalties from the company because he's "not a professional athlete."
"I'm gonna be the first hip-hop designer, and because of that, I'm gonna be bigger than Walmart," he continued.
As the partnership is young, there's no set release date just yet on West's Red Octobers shoe line.
This story first appeared on billboard.com.
Watch West rant against Nike and reveal details of his Adidas deal in the video below.