Events Calendar
In This Section
Most Read Stories
2 men shot during party in Fairlawn
Akron Children's Hospital CEO, wife announce $1 million gift to support research
Cancellation of Christmas not an option
Akron man killed in crash on his street
Victim of beating in Kent last week is declared dead at Akron hospital
Police: Pennsylvania man killed misbehaving puppy before Steelers game
Akron Circle K store robbed for second time this month
KSU suspends basketball player
Police accuse bank robbery suspect of gobbling up note (with dashcam video)
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
By Associated Press
POSTED: 11:05 a.m. EDT, Sep 13, 2007
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.
