Michigan State Ties Up Richest Contract in College Sports With Nike

Giant sportswear apparel manufacturer Nike has landed a deal worth $169 million (£108.32 million) to provide uniforms and equipment for the University of Michigan’s sports teams.

The deal, which is for 11 years beginning with the 2016-17 fall season and runs though 2027, has an option for Michigan to extend it through 2031.

The cash and equipment part of the deal over the guaranteed 11 years is worth $122.3 million — $65.5 million in cash and $56.8 million in apparel and equipment, with another $46.6 million in cash and apparel and equipment over the four-year option.

More info HERE.

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