FanPost

Michigan & Nike Ink Largest Apparel Contract In History Of College Sports

Michigan's new contract with Nike is worth $169 million. The 11 year contract gives Big Blue $12 million up front, $76.8 million in cash paid over the life of the deal and $80.2 million in apparel. The contract begins in August 2016 and includes a school option for four additional years. Including the option, it averages to about $11.25 million per year.

This is bigger than the Notre Dame deal with Under Armour, which has been reported to be worth about $90 million over 10 years, but ESPN Business reporter Darren Rovell says his sources tell him the Notre Dame deal is still bigger than Michigan's. As a private school, Notre Dame is not required to make its contracts public.

For those who care, UM's Adidas deal is worth $8.2 million per year according to the Portland Business Journal, with a school option to extend for an additional 5 years, which the school declined.

UCLA's current deal with Adidas is worth $7.5 million per year. That deal runs through 2017, but contains an exclusive negotiating period which expires on April 2, 2016.

What will Dan do?

This is a FanPost and does not necessarily reflect the views of BruinsNation's (BN) editors. It does reflect the views of this particular fan though, which is as important as the views of BN's editors.

Trending Discussions