I agree with what you said, but I have to wonder just how important wearing a shoe is to a father/son relationship. It is not like him wearing Adidas will somehow harm the Jordan franchise of footwear. I think either UCF was foolish or deceptive in this situation, but it is a shoe (actually, two of them)
Of course, it isn't. But the Air Jordan's (in a certain way) pay an homage to one of the best players to ever hit the court. In that way, it was something that his father worked hard to achieve. Sure, it's just a shoe but like all objects, they are only as important as the meaning you give to them. In that way, what you see as simple shoe, might mean something more to him. A kind of "the importance is in the eye of the beholder", if you please. Yeah, I adapted the 'beauty' one :P
How many other Freshmen are going through the same thing this fall? This is all because his last name is Jordan. Personal identity isn't supposed to be a big factor in a team sport. When practicing and playing in games he is a member of a team and should wear the team uniform. As soon as practice or the game is over, he can resume his personal identity and wear whatever he wants.
So, let me get this straight. Just because you are a part of a team you are not entitled to your own identity? I would like to take this issue even further and say that teams are made of differences. When you mix different experiences and various areas of knowledge, that's a team worth being in, that's where you'll really learn something. Of course, all this is because he's a Jordan... But I really don't feel like he's being a "prima-dona". It was an intention he had from the beginning, he made it public and crystal clear but didn't got it on ink (and that was his only and decisive mistake). Otherwise, Adidas would have deal with it.
MJ should just tell his son 'Just wear their shoe for the games, we are doing OK financially. After all, son, it is just a shoe, right?"
Keeping in mind the current situation, that's exactly what I would say to my son. And add: "Next time we know what we've got to do, if you really want to wear them on court."