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UNC inks 10-year deal with Nike
Submitted by rpickeral on 07/01/2009 - 15:08
Update: The deal is worth nearly $38 million.
North Carolina has signed a 10-year deal with Nike to be the exclusive supplier of athletic footwear, apparel and accessory products to the Tar Heels, the school announced.
This marks UNC's fourth contract with Nike, and it is retroactive to July 1, 2008.
“The University of North Carolina is proud of its long-standing relationship with Nike,” UNC athletics director Dick Baddour said in a prepared statement. “This partnership has
benefitted all 28 varsity sports and provided millions of dollars for academics and student scholarships at the University.”
In addition to apparel and equipment — the value of which ranges from $2.8 million in the first year of the contract, to $3.4 million in the 10th, for a total of $31.6 million — Nike will give the University $2 million to the Chancellor’s Academic Enhancement Fund. Chancellor Holden Thorp says he will direct the funds to faculty support, according to the news release. The athletics department will also receive $1 million for signing the contract; those funds are being used to overhaul lighting and sound at the Smith Center.
Nike has also entered into individual contracts with each of UNC’s head coaches; only seven coaches had individual contracts with the company in the past.
UNC and Nike also affirmed their commitment to fair labor practices, which they adopted in the 2001 agreement — meaning Nike will continue to produce licensed products and
provide product to the University made in factories that provide fair working conditions and operate consistent with the labor standards in the
University's license agreements and Nike's own Code of Conduct.
About the blogger
Robbi Pickeral has covered ACC sports for The News & Observer since 2003. She can be reached at robbi.pickeral@newsobserver.com.Want to post a comment?
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Comments
NCSU plays BB in a state
Sat, 07/04/2009 - 08:15 — saddmhNCSU plays BB in a state funded and supported building.
When NCSU is a nationally recognized athletic program other than bass fishing, then it can land a similiar deal.
NCSU has funneled corruption into its administration(Easley,etc.). No marketing firms or apparel companies in their right mind would give a similiar deal to NCSU.
NCSU contributions are suffering due to the appearance of political corruption.
Just remember it is always UNC's fault for NCSU failures. This is called the "blame game" and an inferiority complex.
You may even add OCD as a diagnosis. What it really is, is unjustified jealously and hatred of UNC
It's all about money.
Sun, 07/05/2009 - 18:19 — JPDOhioThe only relevant statement you made is the second one. UNC's national following renders products with its logo more valuable and marketable across the country. NC State won't get there without a prolongued period of success in football or basketball. (I'm talking one or two decades).
The rest of your comments are just rants that may be true but have nothing to do with a deal with the athletic department. NC State has a large enough regional following that it can get a profitable deal appropriate for the size of its market. It won't be a UNC (or even a Duke sized) deal, but it won't be small potatoes.
I haven't paid much attention to the Easley situation, but I don't recall seeing where Fowler, Lowe, O'Brien or anyone in the Athletic Department was involved. So your reference to the political corruption smacks of the OCD you're projecting onto Pack fans. Your own "hatred" came shining through!
Politicians and administrators come and go, fingers will be pointed everywhere, and investigations will go on forever and maybe find the truth, maybe not. The institution is strong enough to survive this mess and emerge even stronger as it addresses the issues that have come to light.
well put
Sun, 07/05/2009 - 10:09 — gvillegatrtrue.
It is money given to the athletic program...
Wed, 07/01/2009 - 22:02 — UNC1998Which is supported by the Educational Foundation. Sure, the coaches get their salary, but certainly that's not all they get. At UNC, if I recall, the Educational Foundation funds all athletic scholarships and returns money to the university for non athletic expenses (other scholarships). I happen to be a proud (although small) member. I'm proud of what members enable at UNC.
Someone go get igilli. Time
Wed, 07/01/2009 - 16:14 — AgentPierceSomeone go get igilli. Time for him to mount his one-trick pony and ride over to Chapel Hill.
Windfall for the State
Wed, 07/01/2009 - 15:43 — CrudeoilThis is good news for the taxpayer's of this state, UNC at the hill is ahead 31 million. That money can now be diverted to the rest of the State's needs.
I mean, it is our money, the tax payers not the old crusty's at UNC.
Windfall for the State
Wed, 07/01/2009 - 18:14 — hellfishUNC will pay there share ,the rest will have to pony up there own $. Just because UNC has more revenue does'nt mean the have to pay the OTHER schools way that extra $ goes into the UNC MACHINE fund to further the Atheletic program.