![University Of Michigan And Nike “Just Did It”](http://townsquare.media/site/694/files/2015/07/GettyImages-94330501-300x200.jpg?w=980&q=75)
University Of Michigan And Nike “Just Did It”
According to the Detroit News, the deal that U of M officials just signed with Nike is worth a reported $169 million. The deal begins on August 2016 and will run until 2027, with a school option of extending it until 2031.
After an initial "signing bonus" of $12 million, Michigan will receive between $10.1 million and $10.9 million per season -- the richest apparel contract in college athletics.There are several 'details' included in the deal. For instance, included in the agreement are three student summer internships (paying $15,000 each) at Nike headquarters and the use of the Jordan brand "Jumpman" for the men's and women's basketball teams. Also, Michigan will receive a 15 percent royalty on the gross sales of Nike gear at retail. And of course, Nike will supply the school's 31 athletic programs with uniforms, footwear, apparel and equipment.
- Listen to Banana Don & Stephanie McCoy weekday mornings from 5:30a-10a on 100.7 WITL.
- Follow Stephanie on Facebook at facebook.com/bananastephanie and facebook.com/WITLFM on Twitter @WITLMcCoy.
- Email Stephanie at stephanie.mccoy@townsquaremedia.com
More From 100.7 WITL
![MSU B-Ball Jersey Junkies – Grab These Before They Sell Out](http://townsquare.media/site/692/files/2020/02/GettyImages-72526118-1.jpg?w=980&q=75)
![Michigan State’s New Football Uniforms – Thumbs Up or Down?](http://townsquare.media/site/694/files/2019/04/GettyImages-1076251578-e1555340871413.jpg?w=980&q=75)
![Have You Seen The New Nike Univeristy Of Michigan Fab Five Shoes?](http://townsquare.media/site/694/files/2017/05/GettyImages-664201608.jpg?w=980&q=75)
![Michigan State Just Got A Raise From Nike](http://townsquare.media/site/694/files/2015/07/Sparty-face-e1437490780521.jpg?w=980&q=75)
![The New Detroit Lions’ Ndamukong Suh Nike Poster](http://townsquare.media/site/694/files/2014/09/453666126.jpg?w=980&q=75)
![Here’s What’s Going on With Lansing’s Curfew for Minors](http://townsquare.media/site/694/files/2024/06/attachment-Untitled-design-2024-06-18T205112.423.jpg?w=980&q=75)
![Why This Coming Winter Could Be Michigan’s Coldest in Years](http://townsquare.media/site/694/files/2024/07/attachment-Untitled-design-2024-07-26T155311.547.jpg?w=980&q=75)
![13 Lansing Restaurants That Have Closed Over the Years That Locals Miss](http://townsquare.media/site/694/files/2024/06/attachment-Lansing-Restaurants-People-Miss.jpg?w=980&q=75)
![17 Michigan Athletes to Root for in the 2024 Summer Olympics](http://townsquare.media/site/694/files/2024/07/attachment-Michigan-Olympians-Cover.jpg?w=980&q=75)