(01-10-2015 10:19 PM)Marge Schott Wrote: (01-10-2015 09:44 AM)TerryD Wrote: You are right about ND. It signed a ten year, $90 million cash + stock deal with Under Armour to supply all athletic gear.
Doubt ND receives $9M/year cash.
It is cash plus merchandise. How much of it is merchandise?
I doubt ND gets most of the $90 million or so in shoes and t-shirts, do you?
"The private school did not reveal the value of the 10-year deal, which will begin when its contract with adidas expires at the end of June, but
sources told ESPN.com that the value of the deal, in cash and merchandise combined, is worth about $90 million."
Also, ND can make even more as it has the option to take some of the cash in Under Amour stock, which is increasing in value.
"
The deal could eventually be worth even more to the Fighting Irish, as Notre Dame athletic director Jack Swarbrick noted that it allows the school to take some of the cash in company stock.
As of 12:30 p.m. ET Tuesday, shares of Under Armour were up more than 3 percent on the day and up more than 80 percent over last year."
One point in the talks that was not negotiable was Under Armour getting any signage in Notre Dame Stadium.
It's just one of those things that is just so central to our identity," Swarbrick said. "We want to be Augusta-like in that way, and that's why after we discussed it one time it was never brought up in conversation again."
http://espn.go.com/college-football/stor...aa-history
"Under Armour will provide uniforms, footwear and apparel for all 26 of the university’s varsity teams for 10 years — and pay handsomely for the privilege.
The figure has been reported as $90 million, including cash, stock and merchandise, but Swarbrick says it is higher. (Under Armour and Notre Dame, a private university, declined to be more specific.)"
http://www.nytimes.com/2014/09/12/sports....html?_r=0
"
Notre Dame athletic director Jack Swarbrick called the deal “the largest financial commitment ever made by a brand to a university,” but the specific terms of the agreement weren’t released. Given that adidas — which had been providing the Irish with shoes since 1997 and apparel since 2001 — inked a then-record $8.2 million-per-year deal with Michigan in ’08,
Monte Burke over at Forbes estimates that Notre Dame’s deal approaches the $100 million mark over 10 years, if not more, while ESPN's Darren Rovell says it's worth about $90 million."
http://www.foxsports.com/college-footbal...-ua-012114