Clemson Inks 10-Year Extension With Apparel Provider Nike

Clemson has finalized a 10-year contract extension with Nike that will "grant the athletic department" more than $58M. Nike has "provided apparel for all Clemson sports" since '02, and this agreement "will extend that partnership" through the '27-28 school year. Nike "will raise its annual cash payout to Clemson" from $115,000 to $400,000, and the company will "increase Clemson's royalty rate for co-branded merchandise" from 11% to 14%. Clemson AD Dan Radakovich is slated to meet with the media Friday afternoon to discuss the deal (GREENVILLEONLINE.com, 8/3).

JUST ANNOUNCED || @ClemsonDRad announced today that Clemson & Nike have agreed to a 10-year extension of their all-sport partnership!

Visit our Clemson-Nike partnership page for details on the agreement: https://t.co/5ZbOCQ2DoV@ClemsonTigers + @Nike = #ClemsonFamily 🐅🐾 pic.twitter.com/vgDPVEXUfV

— Clemson Athletics (@ClemsonTigers) August 3, 2018