Top 10 Richest Apparel Contracts In College Sports

 

It was reported on Wednesday that the University of Texas and Nike had agreed to a blockbuster 15-year contract. While the exact details of the deal have not yet been confirmed, it is believed that Texas will surpass the University of Michigan as having the richest apparel contract in college sports.

News of this new deal between Texas and Nike raises a good question: Which schools have the NCAA’s biggest annual deals when it comes to gear? Let’s take a look at the top 10.

NCAA’s 10 Richest Apparel Contracts

10. University of Maryland

The Terrapins have one of the strongest athletic programs on the East Coast. That, coupled with the fact that the founder of Under Armour is a Maryland alumnus, led to the Terps landing one of the biggest apparel contracts in the nation. Under Armour and Maryland agreed to a 10 year contract worth $43 million in 2014. With Maryland’s men’s basketball team ranked third in the nation in the 2015-16 preseason coaches poll, Under Armour is sure to get a lot of exposure this year on TV.

Supplier: Under Armour
Contract Length: 10 Years
Yearly Amount: $4.3 million

 

9. Florida State University

Florida State and Nike have held a contract with one another since 1998, with the terms of the contract being updated frequently throughout that time period. As it stands right now, FSU is receiving $4.4 million per year from Nike. The current contract between the two sides is set to expire in 2017, with the potential for a five-year extension.

Supplier: Nike
Contract Length: Ends 2017
Yearly Amount: $4.35 million

8. University of Louisville

Some may be surprised to see Louisville this high on the list, but given the Cardinals recent success in both basketball and football, it’s easy to understand why adidas is forking out the big bucks. Louisville and adidas have held a contract with each other for more than a decade, but the dollars being negotiated between the two sides reached their highest total in 2014 when a five year extension was signed. Louisville is due to make a little over $5.9 million each of the next five years for wearing Adidas.

Supplier: adidas
Contract Length: Ends 2019
Yearly Amount: $5.915 million

7. University of Kansas

When college basketball fans are asked to list some of the top programs in the country, Kansas is consistently one of the first teams mentioned. Therefore, it makes sense to see the Jayhawks ranked so high on this list. They are a perennial powerhouse in the college basketball world, and it’s paying off for the school in a rich way.

Supplier: adidas
Contract Length: Ends 2019
Yearly Amount: $6.375 million

6. Indiana University

Indiana inked a blockbuster deal with adidas this past August. The Hoosiers will take in a total of $53.6 million through 2024, which is one of the most lucrative contracts in college sports history. The 81% increase dwarfs the previous deal between adidas and Indiana.

Supplier: adidas
Contract Length: Ends 2024
Yearly Amount: $6.7 million

5. Texas A&M

Texas A&M is a well-rounded athletic program, making it highly desirable for apparel companies. he Aggies are currently under contract with Adidas in a deal that pays the school $7.1 million per year through 2022, which is tops in the SEC. Given the success of its football program under Kevin Sumlin and the spotlight that Johnny Manziel drew to the university while attending A&M, it’s understandable why adidas would shell out this kind of money.

Supplier: adidas
Contract Length: Ends 2022
Yearly Amount: $7.1 million

4. UCLA

This should not come as much of a shocker, but UCLA makes a ton of money through its athletic apparel contract. Located just outside Los Angeles where the spotlight is always bigger and brighter, the school has cashed in on the athletic program’s success and geographical location. UCLA is currently under contract with adidas in a deal that will end in 2017. The Bruins are raking in $7.5 million annually. It’ll be interesting to see what the numbers look like when this contract is up.

Supplier: adidas
Contract Length: Ends 2017
Yearly Amount: $7.5 million

3. University of Notre Dame

Notre Dame is one of the most recognizable and well known brands in the country. The history surrounding the Fighting Irish football program has a lot to do with that. The basketball program also has a nice track record, and the university is a top academic institution. In 2014, Notre Dame signed an apparel contract with Under Armour in what was then the largest in college sports. The contract will pay Notre Dame a grand total of $90 million through 2024. Stocks in Under Armour were also part of the deal, but specific details have not been made available.

Supplier: Under Armour
Contract Length: 10 Years
Yearly Amount: $9 million

2. University of Michigan

At the time of signing, Michigan and Nikes deal was the richest apparel contract in college sports. The Wolverines will switch from adidas to Nike starting in August of 2016, and will make $10 million per year through 2027, with a 4-year extension option.

Supplier: Nike
Contract Length: 15 Years
Yearly Amount: $10.1-10.9 million

1. University of Texas at Austin

Here is your new No. 1 when it comes to richest apparel contracts in college sports. While the specific terms and dollar amount of this new deal between Texas and Nike are not yet publicly known, it is reported that Texas will easily bypass Michigan’s deal.

Supplier: Nike
Contract Length: 15 Years
Yearly Amount: Expected to be in $200 million range

Questions, comments, or updates needed? Email kschwerman@campusinsiders.com.

 

MORE: How Much Does It Cost To Replace A College Football Coach?