UCF Extends Nike Partnership; Michigan Deal Valued Higher

UCF today announced that it has "expanded its partnership with Nike and extended its agreement with the company two years" through '22. Terms of the deal were not disclosed, and "no timeline has been announced for the reveal of the new uniforms and any related Nike apparel." The UCF football team "spent the spring working out in their 2015 uniforms, indicating new uniforms were on the way for 2016" (ORLANDOSENTINEL.com, 4/26).

Meanwhile, the Michigan athletic department has formally signed its new deal with Nike and announced a "final signed contract that could total" $173.8M "if a four-year option is extended after the current 11-year deal." That amount is "slightly higher" than the $169M total the school revealed last summer and "would cover the period through 2031 if the deal is extended by Michigan" (FREEP.com, 4/26).