Kanye West added a new chapter to his beef with Nike on New Year’s Eve when he released the song “Facts” and rapped that “Nike treat employees just like slaves,” among other disses.

In a recent interview with TMZ, the rapper explained why he would not re-sign with Nike, even if they offered him a billion-dollar deal. On “Facts,” West references LeBron James‘ lifetime deal with Nike, saying the company “gave LeBron a billi’ not to run away.”

“It’s not about the money,” West says. “It’s about respect, the communication….adidas is my family.”

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West is also asked about the high price of his adidas clothing line. For the Yeezy Season 1 collection, a black hoodie cost $625 and a camouflage T-shirt was priced at $235.

“We gonna get them lowered, next season,” West says.

Watch the video of Kanye West explaining why he wouldn’t re-sign with Nike below:

For additional Kanye West coverage, watch the following DX Daily: