In a joint statement released today, Adidas-Salomon AG and Kobe Bryant said they would not exercise a two-year extension to their sponsorship agreement - a decision that means the relationship between Adidas and Kobe ended this summer.

This decision will allow Adidas and Kobe to separately pursue new marketing opportunities and strategies. Kobe will play in a variety of footwear brands next season while he takes the time to evaluate future opportunities.