mairving
Ignant Homer
Posts: 28,603
Joined: Nov 2007
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I Root For: Memphis
Location: MediocreVille
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RE: STR: Boise State New Nike Deal - What Should Memphis Get?
CA Story
Quote:According to the terms of the latest contract Memphis signed Nov. 13, which was approved by the Tennessee Board of Regents in December, the university’s athletic department will receive $11.25 million in products from Nike over five years.
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But the Tigers’ deal still falls short of what several other AAC public institutions receive under terms of their apparel agreements.
Last year, for instance, the University of Connecticut signed a six-year contract with Nike that is reportedly worth $32.45 million. In 2015, Temple University agreed to a 10-year deal with Under Armour worth $30 million, according to the Philadelphia Inquirer.
Also in 2015, the University of Cincinnati increased its annual financial windfall by more than $2 million when it switched from Adidas to Under Armour and signed a 10-year, $47 million contract.
Last December, around the same time Memphis came to terms on its new deal with Nike, the University of South Florida agreed to switch from Under Armour to Adidas. Its new eight-year contract is reportedly worth at least $24 million and could be as much as $30 million with incentives.
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06-18-2018 07:44 AM |
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