University of Minnesota’s sponsorship with Nike set to expire in a year


Nov 18, 2012; Minneapolis, MN, USA; Minnesota Golden Gophers and Goldy huddle prior to the game against the Richmond Spiders at Williams Arena. The Gophers defeated the Spiders 72-57. Mandatory Credit: Brace Hemmelgarn-USA TODAY Sports

The University of Minnesota is in its final year of a seven-year agreement with Nike.

The contract with the sports apparel giant will expire in July of 2014, according to the Star Tribune. The current agreement stipulates that the schools receives $1 million a year in Nike merchandise as well as $200,000 a year in royalties.

Compared to other programs, Minnesota’s $1 million is chump change compared to Alabama which has an eight-year contract worth a reported $30 million.

Even in the Big Ten conference, the Gophers are in the bottom tier of apparel sponsorship. Michigan and Nebraska have contracts with Adidas that pay $6 and $2.5 million a year, respectively.

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