Also, here are some more Nike contracts I could find, and how Tennessee compares to those schools.
Tennessee - $35 million/8 years ($4.38 million per year) - $950,000 average cash payout
Alabama - $30 million/8 years ($3.75 million per year) - $750,000 average cash payout
Oregon - $22.7 million/8 years ($2.84 million per year) - $500,000 average cash payout
Ohio State - $46 million/11 years ($4.18 million per year) - $1,299,090 average cash payout
North Carolina - $33.7 million/10 years ($3.37 million per year) - couldn't find a cash payout number.
Florida - ($3.92 million per year est.) - $1,835,000 average cash payout
Georgia - ($2.55 million per year est.) - $600,000 average cash payout