Kanye West was awarded “Shoe of the Year” during Footwear News’ 29th FN Achievement Awards this week… during which he gave a lengthy speech.
During his address to the crowd, Ye discussed a number of topics, including details about his deal with Adidas. He says the footwear brand didn’t give him enough money to make the first Yeezy Season collection… so he had to put up some of his own money.
“The [adidas] contract said 25 SKUs, and the fashion show, I was supposed to do a collection with 25 SKUs — I don’t know how that was supposed to happen,” Kanye explained. “And the original talent budget was $500,000 — I don’t know how I was supposed to put a design team together for that, but luckily, I’m a multi-millionaire rapper and I covered the rest of it.”
Later, West also talked Nike, though he did not mention the company by name. “The company that I won’t mention, that I’ve been very angry with in the past, they were very helpful too to launch the name Yeezy as a shoe.”