UPDATED 6/20: Nike is testing a new Facebook application that further expands its interactive marketing drive, modeled best by its online Nike+ running/iPod site. It's called "Ballers Network." As ...

Well, OK. No. Big Baller Brand, even if it sells a lot of very expensive hats, will not compete with a billion dollar company. I actually do like LaVar Ball, but come on. That's not happening.

While Lonzo donned the three traditional brands, Nike (NKE), adidas (OTCQX:ADDYY), and Under Armour (UA) (UAA), he also wore his own pair of signature shoes, the Big Baller Brand ZO2s.

LaVar Ball responded to Nike global basketball sports marketing director George Raveling on Friday, saying that his Big Baller Brand will soon compete with the apparel giant.