Josh Giddey at risk of losing $40 million deal amid NBA investigation / News - Basketnews.com

Josh Giddey could lose his $40 million sponsorship deal with Weet-Bix following the NBA investigation into allegations of Oklahoma City Thunder guard having an inappropriate relationship with an underage girl.

Credit: AP Photo/Kyle Phillips - Scanpix Credit AP Photo/Kyle Phillips - Scanpix

Oklahoma City Thunder guard Josh Giddey is reportedly at risk of losing a lucrative deal with an Australian cereal brand, Weet-Bix.

Josh Giddey

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According to Code Sports, Giddey was removed from the company's social media accounts. Giddey could also lose a $40 million sponsorship deal with Weet-Bix following the NBA investigation into allegations of the Australian guard having an inappropriate relationship with an underage girl.

However, a Weet-Bix spokesperson confirmed that the company hasn't parted ways with Giddey yet.

"We are obviously aware of the news surrounding Josh Giddey and are waiting for facts to be confirmed," the spokesperson told Code Sports. "We are in contact with Josh's management team and waiting on further details at this point."

Josh GiddeyCredit AP Photo/Matthew Hinton - Scanpix

According to Shams Charania from The Athletic, the league has begun looking into the viral allegations that Giddey might have had an inappropriate relationship with a minor, citing league spokesman Mike Bass.

Photo and video footage of Giddey and a girl were posted online on Thursday, alleging that the woman in question was underage at the time when Giddey was over 18. The player is seen calling her 'his girl', while one of the photos from her Snapchat profile has a caption of the two having sexual relations together.

It sparked a huge controversy online, with people doing their own digging and searching for additional information. The woman's age or identity hasn't been confirmed.

"I understand the question, obviously, but there's no further comment right now," Giddey said about the matter during team practice last Friday.

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