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NBR: Under Armour Exits Apparel Sponsorship with University of Cincinnati
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hooverblazer Offline
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NBR: Under Armour Exits Apparel Sponsorship with University of Cincinnati
https://finance.yahoo.com/news/under-arm...35874.html

"According to the Baltimore Business Journal, the Baltimore-based apparel company has agreed to a $9.75 million exit fee to get out of its 10-year, $50 million deal with the University of Cincinnati. The contract began in 2015 and had five years remaining on it.

The exit comes after Under Armour in June also sought to exit its 10-year, $86 million sponsorship of the University of California Berkeley (the school called Under Armour’s attempt to exit “improper”) and its 15-year, $280 million sponsorship of UCLA (that school is suing)."


Hopefully we don't run into similar issues with Under Armour.
11-19-2020 03:30 PM
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C-Finder Offline
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RE: NBR: Under Armour Exits Apparel Sponsorship with University of Cincinnati
Not good

Back to Nike (or Russell 03-old)
11-19-2020 06:17 PM
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HiddenDragon Offline
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RE: NBR: Under Armour Exits Apparel Sponsorship with University of Cincinnati
(11-19-2020 03:30 PM)hooverblazer Wrote:  https://finance.yahoo.com/news/under-arm...35874.html

"According to the Baltimore Business Journal, the Baltimore-based apparel company has agreed to a $9.75 million exit fee to get out of its 10-year, $50 million deal with the University of Cincinnati. The contract began in 2015 and had five years remaining on it.

The exit comes after Under Armour in June also sought to exit its 10-year, $86 million sponsorship of the University of California Berkeley (the school called Under Armour’s attempt to exit “improper”) and its 15-year, $280 million sponsorship of UCLA (that school is suing)."


Hopefully we don't run into similar issues with Under Armour.

I seriously doubt it. Probably won't be renewed after 2023.

Quote:UAB will net $50,000 a year from sports apparel outfitter Under Armour, per a seven-year agreement recently signed by the university. According to AL.com, the contract states that the agreement began on June 1 and will run through May 31, 2023, and can be renewed for three more years.

UAB Under Armour's contract
(This post was last modified: 11-19-2020 06:50 PM by HiddenDragon.)
11-19-2020 06:49 PM
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RE: NBR: Under Armour Exits Apparel Sponsorship with University of Cincinnati
They can hump $50k a year a lot better than $5m.
11-19-2020 08:32 PM
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hooverblazer Offline
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RE: NBR: Under Armour Exits Apparel Sponsorship with University of Cincinnati
That's just our royalty payment. They also provide $1M+ in the apparel allowance each year. In total it ends up being around $1.1M/yr they give us.
11-20-2020 11:06 AM
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