Univ. of Maryland, Under Armour Renew Apparel Supply Deal
The Univ. of Maryland athletic department has agreed to a 10-year extension with Under Armour, which will continue to outfit the school's sports teams. The relationship stems from a five-year, $17.5M contract signed in '08, which was previously renewed in '09 and expired Dec. 31. It is "unclear whether any terms of the deal have changed." Under the previous deal, UA every year provided UM with at least $1.9M in products, plus a $1.48M rights payment (BIZJOURNALS.com, 1/3).