Clemson and Nike surprised many in 2021, when they agreed to one of the richest college team apparel contracts. The two groups agreed on a 10-year apparel deal that is worth around $58 million. Until 2031, the Clemson Tigers will be earning $5.8 million per year from their lucrative deal with Nike.
Meet The Nike Athletes and Their Partnerships Michael Jordan: The Deal That Changed Everything. LeBron James: The Billion-Dollar Bet. Cristiano Ronaldo: A Global Force. Tiger Woods: Transforming Golf's Image. Serena Williams: Championing Women in Sports. Kobe Bryant: The Legacy of Mamba Mentality.
In fact, past reports from the Texas Tribune claim the University inked a 15-year, $250 million “record-breaking” deal with the company. Nike is a publicly traded company at the mercy of profit-hungry shareholders, so UT should have a heightened concern regarding the morality of companies with whom it does business.