They have to overpay because no one in a 1 for 1 comparison picks them over Nike.Vols’ deal being in the $5-5.5 million per year range in terms of total value..
Lol no wonder they are considering the change.. What the heck?
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Some recent deals that schools reportedly worked out with Adidas:
And Nike?
- Texas A&M, 5 years, $47 million
- Louisville, 10 years, $160 million
- Nebraska, 11 years, $128 million
- Washington, 10 years, $119 million
- Miami, 12 years, $93.6 million
Nike is paying Ohio State $252 million over 15 years, which comes out to $16.8 million per year.
They’re paying Texas close to the same amount as Ohio State, whereas Oregon is getting about $8 million per year.
Understandably, Ohio State and Texas are bigger brands than Tennessee.
But with the Vols’ deal being in the $5-5.5 million per year range in terms of total value, one might say Tennessee was getting ripped off.
It is expected that a decision between UT and Adidas could be made in the next 45 days, which would give the parties roughly a year to work on product development.
Whether folks like it or not, in the days of NIL, the best deal wins.
At one point they made it rain on Michigan. Michigan dumped em in part because recruits hated their ****.