A report that adidas is prepared to offer an $180 million deal over 10 years to Andrew Wiggins may be the result of a hoax.

The $180 million figure comes from a letter supposedly from adidas group CEO Herbert Hainer to Wiggins' camp, but that is now believed to be a hoax.

"There is a fraudulent letter that claims to be from our company offering Mr. Wiggins a contract," said an adidas spokesman to SB Nation. "Any reasonable review of the letter would determine its lack of credibility. Beyond this, we do not comment on rumors or speculation about potential partnerships."

Bleacher Report's Jared Zwerling, the reporter originally responsible for the story, responded on Twitter.

"I saw the Wiggins hoax memo and in response: My independent sources stand by their comments and had heard of no memo before talking to me."