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Adidas-Salomon AG signed former Duke University star Jay Williams, the No. 2 pick in the National Basketball Association draft, to a multiyear endorsement contract, the company said.

The signing comes about a week after Adidas and Los Angeles Lakers All-Star Kobe Bryant ended their sponsorship agreement.

Financial terms of the agreement weren't disclosed. ESPN, citing people that it didn't identify, said it's worth more than $750,000 a year.
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