BleedGopher
Well-known member
- Joined
- Nov 11, 2008
- Messages
- 61,108
- Reaction score
- 16,721
- Points
- 113
per the STrib:
In exchange for a hard-to-miss profile on campus, Nike has been important to the Gophers’ bottom line — the school gets $1 million a year in Nike merchandise, with the company offering everything from shoes, uniforms and gameday warm-ups to weight-training gloves, stopwatches, sunglasses and golf balls.
As the school’s seven-year contract with Nike nears expiration in July 2014, university officials are looking to increase the benefit to the school. Under the current contract, the school also gets $200,000 a year in royalty payments: $10,000 should the Gophers men’s hockey team make the Frozen Four tournament and a 2-for-1 deal on Nike football shoes once the Gophers football team gets 325 pairs.
But other schools have since signed more lucrative apparel contracts with Nike or its competitors. It’s a sign of how such arrangements are now commonplace on the collegiate landscape, and also an indication that the University of Minnesota remains a second-tier customer for apparel companies because of its more-modest tradition of winning.
Alabama — the college football national champion for three of the past four seasons — is in the midst of an eight-year contract with Nike that is valued at $30 million.
Michigan is in the middle of a long-term contract with Adidas — the school switched from Nike — that pays the university $6 million annually in cash and in-kind contributions. Nebraska’s contract with Adidas involves $2.5 million annually in cash and in-kind contributions, and the company pays the school $100,000 if its football team plays in a major bowl game.
Nike pays Minnesota $25,000 if the Gophers get invited to a major bowl game.
http://www.startribune.com/sports/gophers/210782491.html
Go Gophers!!
In exchange for a hard-to-miss profile on campus, Nike has been important to the Gophers’ bottom line — the school gets $1 million a year in Nike merchandise, with the company offering everything from shoes, uniforms and gameday warm-ups to weight-training gloves, stopwatches, sunglasses and golf balls.
As the school’s seven-year contract with Nike nears expiration in July 2014, university officials are looking to increase the benefit to the school. Under the current contract, the school also gets $200,000 a year in royalty payments: $10,000 should the Gophers men’s hockey team make the Frozen Four tournament and a 2-for-1 deal on Nike football shoes once the Gophers football team gets 325 pairs.
But other schools have since signed more lucrative apparel contracts with Nike or its competitors. It’s a sign of how such arrangements are now commonplace on the collegiate landscape, and also an indication that the University of Minnesota remains a second-tier customer for apparel companies because of its more-modest tradition of winning.
Alabama — the college football national champion for three of the past four seasons — is in the midst of an eight-year contract with Nike that is valued at $30 million.
Michigan is in the middle of a long-term contract with Adidas — the school switched from Nike — that pays the university $6 million annually in cash and in-kind contributions. Nebraska’s contract with Adidas involves $2.5 million annually in cash and in-kind contributions, and the company pays the school $100,000 if its football team plays in a major bowl game.
Nike pays Minnesota $25,000 if the Gophers get invited to a major bowl game.
http://www.startribune.com/sports/gophers/210782491.html
Go Gophers!!
