BleedGopher
Well-known member
- Joined
- Nov 11, 2008
- Messages
- 62,395
- Reaction score
- 19,232
- Points
- 113
per STrib:
The Gophers’ current contract with Nike is worth an average of $2.13 million per year through 2020. At a total of $12.78 million over six years, it’s a far cry from Wisconsin’s party-worthy announcement. But while Minnesota’s next agreement might not reach those heights, expect it to follow the growing trend.
“Everyone’s deal is bigger than their last deal, so certainly companies are seeing the value that college athletics can provide to them,” said Tom McGinnis, Gophers senior associate athletic director and chief financial officer. “They continue to invest. You’re starting to see these agreements that go beyond the athletic department that are impacting other parts of campus as well, which is great.”
While McGinnis said he and others within his athletic department keep an eye on newly signed contracts around the country, the Gophers can’t actually start negotiating until 2019, a year before their contract is up. At that point, there will be an initial window in which they can only negotiate with their current provider, Nike, a typical clause in contracts. If they don’t come to a deal within 60 days, the Gophers could look elsewhere.
http://www.startribune.com/apparel-...ts-of-college-athletic-departments/389946291/
Go Gophers!!
The Gophers’ current contract with Nike is worth an average of $2.13 million per year through 2020. At a total of $12.78 million over six years, it’s a far cry from Wisconsin’s party-worthy announcement. But while Minnesota’s next agreement might not reach those heights, expect it to follow the growing trend.
“Everyone’s deal is bigger than their last deal, so certainly companies are seeing the value that college athletics can provide to them,” said Tom McGinnis, Gophers senior associate athletic director and chief financial officer. “They continue to invest. You’re starting to see these agreements that go beyond the athletic department that are impacting other parts of campus as well, which is great.”
While McGinnis said he and others within his athletic department keep an eye on newly signed contracts around the country, the Gophers can’t actually start negotiating until 2019, a year before their contract is up. At that point, there will be an initial window in which they can only negotiate with their current provider, Nike, a typical clause in contracts. If they don’t come to a deal within 60 days, the Gophers could look elsewhere.
http://www.startribune.com/apparel-...ts-of-college-athletic-departments/389946291/
Go Gophers!!
