Container Top
Homes   Jobs   Cars   Shopping
Search

Events Calendar

EVENT SEARCH:

In This Section


Most Read Stories


Blogs:


Pets:
A Dog Named Christmas – Pet for the Holidays

The Heldenfiles:
Viewing Notes

Patrick McManamon:
Of pass interference and alleged "fake" injuries

Akron Zips:
No. 1 Akron to play Stanford next

Tribe Matters:
Seven players added to Tribe’s 40-man roster

Cleveland Browns:
Audio: Mangini disputes Poteat call, accuses Lions of faking injuries

Kent State Sports:
Flashes travel to Florida Atlantic

Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers

Buckeye Blogging:
Buckeye Football – Present and Future

Varsity Letters:
Gulley to visit Central Michigan in December

All Da King's Men:
The Onion, By Any Other Name…

Blog of Mass Destruction:
Glaring Contradictions

Akron Law Café:
Don't Try to Have Fun if you are Depressed

See Jane Style:
Vintage Chic

Car Chase:
What Automotive Thing Are You Thankful For?

Let's Talk Real Estate:
Faye Dunaway to be Evicted?

Ohio Travels with Betty:
Monique asks how to get tickets for the Polar Express.

Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall

HRLite House:
Personal Rant – Why I am Glad I live in NEO

Akron Gamer:
Nintendo's Mario endures even as games come and go

Nike and Ohio State ink $26 million contract

By Associated Press

COLUMBUS: Athletic footwear and apparel manufacturer Nike and Ohio State have signed a new $26-million contract that will keep Buckeyes' sports teams in uniforms with a swoosh for the next seven years.

The agreement, announced today, went into effect on Aug. 1 and expires July 31, 2014. Nike has an option to extend the deal by three years.

As exclusive provider of footwear and apparel for Ohio State's athletics program, Nike will provide OSU teams with $2.34 million per year in free products, or $16.4 million over the seven-year period.

Nike also will pay the Ohio State athletic department $1.2 million annually for the right to be Ohio State's exclusive provider, or $8.3 million over the seven years.

There are bonus payments for football and men's and women's basketball based upon rankings and postseason appearances.

Each year, Nike will pay Ohio State $28,000 for appearances by the coaching staff and $22,000 for design and safety input from the coaches.

The university also will receive royalties from Nike of at least $200,000 annually.

COLUMBUS: Athletic footwear and apparel manufacturer Nike and Ohio State have signed a new $26-million contract that will keep Buckeyes' sports teams in uniforms with a swoosh for the next seven years.

The agreement, announced today, went into effect on Aug. 1 and expires July 31, 2014. Nike has an option to extend the deal by three years.

As exclusive provider of footwear and apparel for Ohio State's athletics program, Nike will provide OSU teams with $2.34 million per year in free products, or $16.4 million over the seven-year period.

Nike also will pay the Ohio State athletic department $1.2 million annually for the right to be Ohio State's exclusive provider, or $8.3 million over the seven years.

There are bonus payments for football and men's and women's basketball based upon rankings and postseason appearances.

Each year, Nike will pay Ohio State $28,000 for appearances by the coaching staff and $22,000 for design and safety input from the coaches.

The university also will receive royalties from Nike of at least $200,000 annually.



Story tools

Email  Email   Print  Print   Save  Save   Reprint  Reprint   Popular  Most Popular   Reprint  Subscribe

Share this story

AddThis Social Bookmark Button













Most Commented Stories