The Wolverine

June-July 2016

The Wolverine: Covering University of Michigan Football and Sports

Issue link:

Contents of this Issue


Page 15 of 139

M ichigan Director of Athlet- ics Warde Manuel signed the $127.12-million deal with Nike just three days into the job, according to reports by several major news sources garnered through the Free- dom Of Information Act. The Detroit News, Detroit Free Press and MLive all received the FOIA in- formation and reported on the deal. Payment breaks down into the following categories for the 11-year agreement, beginning in August: $56.8 million in apparel, $53.52 mil- lion in cash and $12 million in a sign- ing bonus (plus an extra $4.8 million in apparel that isn't included in the yearly totals). The final total could reach $173.8 million, if the parties pursue a four-year option beyond the initial deal. The Nike contract begins on Aug. 1, and a number of contract stipula- tions have come to light. As previ- ously reported, Michigan will used the Jumpman brand for basketball and football (U-M will be the only school in the nation wearing that Jumpman for football). In new contract details: Inside Michigan ATHLETICS Michigan's Nike Deal Could Top $173 Million Michigan Director of Athletics Warde Manuel signed the Wolverines' deal with Nike just three days after officially starting his new job in Ann Arbor. PHOTO COURTESY MICHIGAN ATHLETIC MEDIA RELATIONS

Articles in this issue

Archives of this issue

view archives of The Wolverine - June-July 2016