Under Armour Signs 10-Year, $86 Million Deal with University of California-Berkley
Under Armour has signed a multi-year deal with the University of California-Berkley as reported by ESPN’s Darren Rovell. The deal will begin with the 2017-18 season.
The new partnership spans 10 years and is detailed to be worth $86
million in cash and products. This also includes a $3 million signing
bonus. What’s more, $3.5 million in cash per year alongside an average
annual product allowance of $4.76 million.
The bigger story here, though, is that the Cal Bears were previously a
Nike school. In fact, just a short time ago the team received player exclusives for the NCAA Tournament. But the new UA deal is reportedly much more lucrative than that of Nike’s.
In the closing year of the Nike contract, Cal would receive $2
million in product and $150,000 in cash. Obviously from the new numbers
listed above, this is substantially less.
(NiceKicks.com)
No comments:
Post a Comment