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Nike suspends deal with Kyrie Irving, cancels shoe release after antisemitism debacle

Related Topics: Kyrie Irving

The consequences for Kyrie Irving are piling up after the Brooklyn Nets guard's tweeting of an antisemitic video last week.

A day after Irving was suspended at least five games without pay by the Nets, sports apparel giant Nike announced it was suspending its relationship with Irving effective immediately and canceling the launch of his Kyrie 8 signature shoe, per CNBC's Sara Eisen.

Nike denounced antisemitism in its statement:

At Nike, we believe there is no place for hate speech and we condemn any form of antisemitism.