Nike's $400 Auto-Lacing Basketball Sneaker Set for Release(FoxBusiness)

Nike is set to release the latest version of its auto-lacing basketball sneaker in time for the NBA All-Star Game on Sunday.

Dubbed the Nike Adapt BB 2.0, the tech-enhanced sneaker will hit shelves with a $400 price tag, or $50 more than last year’s edition of the shoe. Wearers can control the fit via buttons on the sneaker itself or through the Nike Adapt app. The app also allows users to customize the sneaker light color and check charge levels.

“The refining of fit continues in the Nike Adapt BB 2.0, evolving the design principles of its predecessor to improve on-court play, while retaining the spirit of the tech’s underlying magic: the thrill of a glimpse into the future,” Nike said in a blog post.

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While the Nike Adapt BB 2.0 won’t be available for purchase until Feb. 16, the sneaker debuted in the NBA back in January. Memphis Grizzlies rookie Ja Morant, a Nike athlete, wore the sneaker during a Jan. 20 game against the New Orleans Pelicans.