Sources: Oklahoma State Exploring AD-In-Waiting Football Drives Ohio State Revenue College Hockey Struggling To Grow Despite Talent Glut LeBron Not Worried About Nike Q3 Results Nike Posts Solid Q3 Amid Adidas Resurgence Pitt Officially Introduces New AD Heather Lyke Minnesota Works To Erase Athletics Debts UConn Struggling To Find Footing In AAC? Pitt Selects Heather Lyke As AD Pegula Investments Help Penn State Hockey
ARIZONA STATE/NIKE SHOE DOESN'T FIT REEBOK'S MAJERUS
Published September 17, 1997
Rick Majerus has turned down an offer to coach at Arizona State University (ASU) "largely because of a difference in shoe-contract size -- the gap between Majerus' Reebok deal at Utah and what he would have earned at ASU, which is about to sign with Nike," according to Bob Cohn of the ARIZONA REPUBLIC. Cohn reports that Majerus is Reebok's "main attraction among college coaches," and his Reebok deal, "which includes stock options, is worth at least $500,000 and possibly $700,000." Former ASU coach Bill Frieder earned $125,000 from Nike. Cohn adds that ASU's impending deal with Nike "means the university will earn $700,000 a year, eventually increasing to" $1M, "in exchange for almost every team being outfitted exclusively" by Nike (ARIZONA REPUBLIC, 9/17). Also in Arizona, Jack Magruder reports that Nike "failed to generate a compensation package that Reebok would not match" for Majerus and, "ironically," Nike CEO Phil Knight "tried to lure Majerus into his camp just three weeks ago" (ARIZONA DAILY STAR, 9/16).