Share Agreement Contract With Nike In Florida
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It has emerged that the University of Florida has extended its contract with Nike until 2024. The information was obtained by the Portland Business Journal. The previous deal was due to have concluded in 2017, but a new agreement was reached in September.
The remaining schools in the top 25 with Nike deals include Ohio State, Oregon, Texas, Alabama, Ole Miss, Penn State, Florida State, Missouri, LSU, Clemson, Tennessee, Oklahoma State, Kansas State, Arizona, USC and Iowa.
Ohio State In 2018, the OSU football program struck a huge 15-year, $250 million deal with Nike. This massive deal nets the school $16.6 million a year until 2033 and includes an extension option.
It has emerged that the University of Florida has extended its contract with Nike until 2024. The information was obtained by the Portland Business Journal. The previous deal was due to have concluded in 2017, but a new agreement was reached in September.
The Gators have partnered with Nike and Jordan brand to form one of the strongest brand and apparel partnerships in collegiate sports. Gatorade owns 46% of the sports drink market. It was created here at the University of Florida.
Florida is one of ten college football programs sponsored by Jordan Brand. The honor of representing Jumpman on the gridiron means players and coaches will receive the most exclusive gear to come from the brand.
FSU's previous contract with Nike, signed in 2013, was scheduled to run through July 31, 2023. However, in May of 2019 the parties extended the agreement through 2029.
