Michigan State Nike deal - 10 years $34 million

[MAIZEandBLUE09]

Michigan States Nike deal worth $34M for 10 years

Details made public despite being signed last year,

"Last year, school officials extended their agreement with Nike for 10 years and $34 million — including $4.5 million in cash for the university and $26 million in equipment and apparel, according to the contract, obtained by The Detroit News through a Freedom of Information Act request.

The agreement, signed in July 2014, nets Michigan State a $2.5 million signing bonus, $400,000 in cash per year the first five years, then $500,000 per year through the final year (2024). The apparel figures start at $2,400,000 and escalate $100,000 every two years, peaking at $2.8 million in 2024."

This part was actually a bit shocking,

"Overall, Michigan State is seventh among Big Ten schools, minus Northwestern and Penn State, which are not required to report their financial terms."

I'm guessing they probably fall below at least Penn State, which would make them 8th. For a team doing as well as MSU in Football and Basketball, that's somewhat surprising. I would think they could have gotten more.

 

[7Samurai13]

You spend a little too much time caring about who has what clothing brand, Joan Rivers.

 

[fishinabarrel]

Well it is something they win at, currently. Which hasn't happened a whole lot for them lately.

 

[ericd7633]

You spend a little too much time caring about who has what clothing brand, Joan Rivers.

My guess is he considers this a "win" for Michigan over Michigan State? Since they haven't been able to jack shit on the field lately against Michigan State.

 

[7Samurai13]

My guess is he considers this a "win" for Michigan over Michigan State? Since they haven't been able to jack shit on the field lately against Michigan State.

Congratulations, MnB, there are more Michigan fans out willing to buy over priced sweatshop labor clothes than Michigan State fans. Michigan is now 3-0 this off-season.

 

[MAIZEandBLUE09]

You spend a little too much time caring about who has what clothing brand, Joan Rivers.

What do you mean? I didn't even post the thread about Michigan's deal -- it was a Nebraska fan.

 

[Wamu]

Congratulations, MnB, there are more Michigan fans out willing to buy over priced sweatshop labor clothes than Michigan State fans. Michigan is now 3-0 this off-season.

Are you counting the meeeechegan Spring Game? They won! So if you didn't count that W they'd be 4-0 so far.

 

[7Samurai13]

Are you counting the meeeechegan Spring Game? They won! So if you didn't count that W they'd be 4-0 so far.

Signed Harbaugh
Won spring game
Beat us on Nike contract

 

[Wamu]

Signed Harbaugh
Won spring game
Beat us on Nike contract

My bad!

 

[MAIZEandBLUE09]

Congratulations, MnB, there are more Michigan fans out willing to buy over priced sweatshop labor clothes than Michigan State fans. Michigan is now 3-0 this off-season.

Michigan, and 6 other B10 schools

 

[ericd7633]

Since @MAIZEandBLUE09 likes to post so much about apparel.

 

[cwerph]

In before the excuses about why scUM isn't #1 any more.

 

[7Samurai13]

In before the excuses about why scUM isn't #1 any more.

Didn't Texas ink a deal with Nike for more than the Michigan deal?

 

[Innermind]

Michigan fans prolly be like:

But... but... but... Harbaugh and Michael Jordan are now buddies... and... and... and...

... Michigan is not just Nike... but it is Jordan Brand (football and basketball only) beginning July 2016...






... all the other Michigan sports other than football and basketball will be regular Nike brand.

 

[cwerph]

Didn't Texas ink a deal with Nike for more than the Michigan deal?

No idea. The headline said "record deal" so I assumed it was the most they ever paid.

 

[fishinabarrel]

So, what you are saying is, it is going to cost me $40 to get an Ohio State tee shirt now and like $200 for a hooded sweatshirt? Ya, real excited about this deal. We're number 1!

 

[redseat]

only $34 million?

 

[MAIZEandBLUE09]

Didn't Texas ink a deal with Nike for more than the Michigan deal?

Yup, Texas already broke it so I'm not mad at all.

We get Jumpman, which is still unique to only us. And what's still kind of amazing is that all of these schools are essentially making less to stick with Nike. Either way, we can all LOL at Michigan State's deal.

 

[Lance Armstrong]

Yup, Texas already broke it so I'm not mad at all.

We get Jumpman, which is still unique to only us. And what's still kind of amazing is that all of these schools are essentially making less to stick with Nike. Either way, we can all LOL at Michigan State's deal.

North Carolina of course was 1st to use jumpman, you'll just be pimping out their prize alum. And Ohio state just inked a deal even bigger than Texas or Michigan, go buckeyes

 

[MAIZEandBLUE09]

North Carolina of course was 1st to use jumpman, you'll just be pimping out their prize alum. And Ohio state just inked a deal even bigger than Texas or Michigan, go buckeyes

Michigan will be the first to use Jumpman gear in football