Business people : Dwyane Wade Leaving Nike for Li Ning

According to a report from SneakerWatch.com, Miami Heat guard Dwyane Wade will leave Nike's Jordan Brand for a shoe deal with the Chinese-based brand, Li-Ning.

The sneakerhead website reported last week that it "has received confirmation that Dwyane Wade will no longer be repping Jordan Brand."

Asked Friday about the report, Wade told the Sun Sentinel, "We're still negotiating, until you get to the point where you decide which way to go. There's many shoe companies that obviously know that I'm up this summer. But I still have the respect for and the obligation and the willingness to sit down and to the company I'm with."

(SportsOneSource Media)