I know CCSU gets no payment from Nike, but I wonder what is the value of our contract with Nike? Basically, how much in "free" uniforms, apparel, gear and equipment does Central get from Nike?
http://www.courant.com/sports/uconn-foo ... story.htmlNearly 30 percent of what UConn will take in from its new exclusive sponsorship agreement with Nike can be deposited in the bank.
The UConn athletic department will have $9 million to use at its discretion. The remaining $23.45 million of the $32.45 million deal, which spans seven years, will be represented by uniforms, apparel, gear and equipment.
The sponsorship agreement announced Wednesday — signed by UConn June 21 and Nike June 22 — was a five-year extension to an existing contract that was set to expire after the 2017-18 academic year. The extension will bring the UConn-Nike partnership, which originated in 2008, through 15 years.
Nike will make annual payments of $1,285,715 ($1,285,710 the first year) to UConn, totaling $9 million. There will also be annual product allotments from Nike starting at a value of $3.2 million in the first year and increasing by $50,000 through the life of the deal.