Andrew Wiggins signs endorsement deal with Adidas

Andrew Wiggins, the first overall pick of this year's NBA draft by the Cleveland Cavaliers, has signed a shoe endorsement deal with Adidas. It was made official Wednesday.

Sources with knowledge of the signing say the contract is a multiyear deal that comes with a guarantee of at least $2 million annually.

It's the first No. 1 overall draft pick adidas has signed since signing Chicago Bulls guard Derrick Rose in 2008.