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
