Top
Close
Follow Us ON
Topics
College Basketball Duke Louisville North Carolina Notre Dame Syracuse Memphis Virginia Commonwealth Kansas Oklahoma Marquette Villanova Big Ten Illinois Maryland Yale Northern Iowa San Diego State Arizona Stanford Preview/Prediction Kentucky LSU Gonzaga College Football Clemson Florida State Baylor Oklahoma Texas Michigan State Michigan Ohio State Penn State Illinois Iowa Akron Eastern Michigan Arizona UCLA USC Utah Georgia Missouri South Carolina Tennessee Alabama Arkansas LSU Mississippi State Ole Miss Texas A&M MLB Boston Red Sox New York Yankees Toronto Blue Jays Texas Rangers New York Mets Philadelphia Phillies Rumors NBA Boston Celtics Brooklyn Nets New York Knicks Philadelphia 76ers Toronto Raptors Chicago Bulls Cleveland Cavaliers Detroit Pistons Indiana Pacers Milwaukee Bucks Atlanta Hawks Charlotte Hornets Miami Heat Orlando Magic Washington Wizards Preview/Prediction Rumors Denver Nuggets Minnesota Timberwolves Oklahoma City Thunder Portland Trail Blazers Utah Jazz Golden State Warriors Los Angeles Clippers Los Angeles Lakers Phoenix Suns Sacramento Kings Dallas Mavericks Houston Rockets Memphis Grizzlies New Orleans Pelicans San Antonio Spurs Western Conference NFL Buffalo Bills Miami Dolphins New England Patriots New York Jets Baltimore Ravens Cincinnati Bengals Cleveland Browns Pittsburgh Steelers Houston Texans Indianapolis Colts Jacksonville Jaguars Tennessee Titans Denver Broncos Kansas City Chiefs Oakland Raiders San Diego Chargers Fantasy Dallas Cowboys New York Giants Philadelphia Eagles Washington Redskins Chicago Bears Detroit Lions Green Bay Packers Minnesota Vikings Carolina Panthers New Orleans Saints Tampa Bay Buccaneers Arizona Cardinals Los Angeles Rams San Francisco 49ers Seattle Seahawks Preview/Prediction Rumors New Jersey Devils Philadelphia Flyers Other Boxing Collegiate Sports Culture/Misc General Sports Golf Local Sports MMA Olympics Other Sport Pro Wrestling Rumors Satire/Humor Tennis Track and Field Soccer WNBA

© 2016 FootBasket

Advertise Here Flag
image description

Nike and Ohio State Agree to Monster Sponsorship Deal

Ohio State is the most valuable program in all of college football, so it only makes sense that Nike would want to lock them up for the long haul.

According to the Wall Street Journal, the Buckeyes and Nike have agreed to a monster 15-year, $252 million deal.

Nike Inc. has agreed to a $252 million deal with Ohio State University to extend its existing sponsorship by 15 years, escalating an arms race among sportswear makers and top sports schools.

Ohio State will receive $112 million in product from Nike and at least $103 million in cash, not including royalty income, according to terms of the contract reviewed by The Wall Street Journal.

According to reports, Ohio State waited for Nike's negotiations with Texas and Michigan to wrap up so they could “propose a more favorable deal.”

One funny sticking point to the deal was that it had to be bigger than Michigan’s new deal with Nike. Ohio State will now get $16.8 million per year, while Michigan’s is $15.3 million per year.

-- Glenn Erby

© 2016 SportsBlog.com. All rights reserved. Interactive One Millennial
Be the first to Like or Reblog this post
Load