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re: Gamecocks lock down $71.5 million, 10 year deal, with Under Armor ....
Posted on 2/19/16 at 2:25 pm to roadGator
Posted on 2/19/16 at 2:25 pm to roadGator
quote:
Unlike most schools, we don't take cash from Nike.
We take equipment and clothing from them and then get royalties (14% for everything but shoes).
I think it's always been like this with us and Nike so there must be some benefit to it or Foley wouldn't have re-inked a similar deal.
Yeah, the UF deal is a bit different. I think the value of UF's actual contract is somewhere around $4 million annually + additional royalties.
This post was edited on 2/19/16 at 2:27 pm
1
Posted on 2/19/16 at 2:38 pm to bgator85
Can't find the royalty details but we receive 3.1M in equipment and clothing from Nike annually.
There's another $255,000 allowance for coaching staff clothing.
If Foley is trying to keep that royalty money quiet it's either a huge amount and he doesn't want other to know about it or it's a bust and he doesn't want others to know about it.
Since we just signed with Nike again, I'm assuming it's a good deal for UF.
There's another $255,000 allowance for coaching staff clothing.
If Foley is trying to keep that royalty money quiet it's either a huge amount and he doesn't want other to know about it or it's a bust and he doesn't want others to know about it.
Since we just signed with Nike again, I'm assuming it's a good deal for UF.
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