Big money bump from Nike

[mysfit]

Brian Murphy ‏ @murphsturph

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Latest example of Boise State's growth: Nike contract went from $280,000 per year to new 6-year, $6.24 million deal with the apparel company

booyah

 

[mysfit]

tied in part to the BE move

New Nike deal worth more than $1 million annually for Boise State athletics | Voices.IdahoStatesman.com

By Brian Murphy
[email protected]

Boise State's athletic department and shoe/apparel giant Nike have agreed to a new six-year contract worth more than $6.24 million.

The State Board of Education will consider the contract at its meeting this week. The contract will be applied retroactively to Aug. 2011 and runs through June 30, 2017.

Under three existing contracts with Nike, Boise State receives approximately $280,000 per year in cash and products.

Under the new deal — which includes all sports in a single contract — the Broncos will receive $6 million worth of product and equipment.

Breakdown by year:

2011-12: $850,000

2012-13: $850,000

2013-14: $1 million

2014-15: $1 million

2015-16: $1.15 million

2016-17: $1.15 million

Additionally, the contract calls for an additional $75,000 per year in product allowance when the Broncos' football program joins the Big East.

Nike will also pay the university $30,000 each of the first two years of the contract, $40,000 in the third and fourth years of the deal and $50,000 per year in the final two years.

Nike will be Boise State's "exclusive footwear, apparel and accessories sponsor." The teams, coaches and staff are required to wear Nike product at games and events.

There are also bonuses that Boise State can earn in certain sports:

Football bonuses:

• non-BCS “Tier I” Bowl Game** $10,000

• Plays in a BCS Bowl Game $25,000

• Wins National Championship $25,000

Men’s Basketball Bonuses*

• Wins Regular Season Mountain West Championship $ 5,000

• Wins Mountain West Tournament $ 5,000

• Plays in NCAA Sweet Sixteen $10,000

• Plays in NCAA Final Four $25,000

• Wins NCAA Championship $25,000

Women’s Basketball Bonuses*

• Wins Regular Season Mountain West Championship $ 2,500

• Wins Mountain West Tournament $ 2,500

• Plays in NCAA Sweet Sixteen $ 5,000

• Plays in NCAA Final Four $10,000

• Wins NCAA Championship $15,000

* Bonuses shall be cumulative, i.e., if men’s basketball achieves all of the above performances, BSU would earn $70,000 in bonuses.

** A Tier I bowl shall be deemed any bowl having a team payout of $1.9 million or more.

Read more here: New Nike deal worth more than $1 million annually for Boise State athletics | Voices.IdahoStatesman.com

 

[bchampy]

Oregon v2.0

 

[mysfit]

Except we don't choke on the big stage.............

 

[bchampy]

Except we don't choke on the big stage.............

Just please don't have new uni's every week.

 

[HighTide]

Except we don't choke on the big stage.............

*coughnevadacoughcoughtcucough*

 

[mysfit]

*coughnevadacoughcoughtcucough*

You aren't calling Nevada a big stage..................

Unbeaten in BCS bowls

VTech

UGA

Those are 'big stage' games and we don't choke like Oregon did at oh say LSU?

And no Bchampy we won't have new unis each week. I don't see Coach Pete putting up with that...............

 

[BoiseStateFan27]

Just please don't have new uni's every week.

I sure hope we don't and I'm sure we wont