CPD
Ohio State Football reaches new deal with Nike
Thursday, September 13, 2007 Doug Lesmerises
Plain Dealer Reporter
Columbus -- Ohio State football trainers beware -- too many wrong tape jobs and you could cost the athletic department nearly $12,000 per messed up football cleat.
On Wednesday, Ohio State announced it had reached a new seven-year, $26 million deal for Nike to provide athletic equipment to Buckeye sports teams and make and sell OSU football jerseys that will kick in at least another $200,000 per year to the athletic department in royalties.
The new contract, which went into effect on Aug. 1 though it was just made public Wednesday, was signed despite the fact that a previous OSU-Nike deal was just entering the second year of a seven-year contract. That one was worth only $16.3 million. Perhaps the eight-year, $60 million deal Michigan signed with adidas in July, after formerly wearing Nike, had something to do with the renegotiation.
Cont...
Ohio State Football reaches new deal with Nike
Thursday, September 13, 2007 Doug Lesmerises
Plain Dealer Reporter
Columbus -- Ohio State football trainers beware -- too many wrong tape jobs and you could cost the athletic department nearly $12,000 per messed up football cleat.
On Wednesday, Ohio State announced it had reached a new seven-year, $26 million deal for Nike to provide athletic equipment to Buckeye sports teams and make and sell OSU football jerseys that will kick in at least another $200,000 per year to the athletic department in royalties.
The new contract, which went into effect on Aug. 1 though it was just made public Wednesday, was signed despite the fact that a previous OSU-Nike deal was just entering the second year of a seven-year contract. That one was worth only $16.3 million. Perhaps the eight-year, $60 million deal Michigan signed with adidas in July, after formerly wearing Nike, had something to do with the renegotiation.
Cont...