Under Armour has informed UCLA that it wants to terminate the $280-million deal the apparel maker signed with the school in 2016.
A look at what happened in sports history on June 25 including UCLA baseball winning their first College World Series title.Under Armour agreed to a 15-year contract with UCLA in 2016 that was the richest shoe and apparel sponsorship in college sports history, replacing a deal the Bruins previously held with Adidas that expired in the summer of 2017. The deal gave Under Armour a flagship program on the West Coast while providing UCLA with a massive infusion of cash and athletic apparel.
As part of the agreement, Under Armour paid UCLA $15 million up front in addition to roughly $11 million per year in rights and marketing fees. The apparel company also agreed to supply the school with an average of $7.4 million in clothing, shoes and equipment each school year while contributing $2 million over an eight-year span toward athletic facility upgrades.
Should UCLA and Under Armour part ways, the school would seek a new apparel deal, presumably with one of the other major players in sportswear. UCLA had fielded offers from Nike and Adidas before picking Under Armour four years ago.is familiar with Under Armour, having worked with the apparel company as part of its sponsorship of Boston College’s athletic teams when he was the Eagles athletic director.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NASA is offering $35,000 in prizes to design a toilet that will work on the moonThink you can design a toilet that will work both in the microgravity of space, or 'zero-g,' and on the moon? NASA wants to hear from you
Read more »
Usher Embraces Vulnerability on BLM-Inspired Song 'I Cry'Singer says he wanted to teach his sons that it’s OK for a man to “feel emotions deeply and to cry”
Read more »
'I Have Wanted to Quit': How Simone Biles Deals With Nerves, Doubt, and Major PressureIn a MasterClass livestream, Simone Biles opened up about how she takes care of her mental health, prepares for competitions, and stays driven.
Read more »
Victoria Monét Gives 'All You Need,' Dai Burger's Runway Romp, And More Songs We LoveWe’re celebrating PrideMonth and BlackMusicMonth with some vital bops by VINCINT_, Syd from the intanetz, and more
Read more »
New Jersey Releases Plan To Reopen Schools In The FallSchool districts must adopt a policy for screening students and employees for symptoms of Covid-19 and 'must strive for social distancing within the classroom and on school buses.'
Read more »
UCLA Faces Probe Over Review of Lecturer Who Used N-Word in ClassThe U.S Department of Education is investigating whether the University of California, Los Angeles stifled the academic freedom of an instructor who used the N-word in two classes earlier this month.
Read more »