Ohio State and Nike Agree to $252 Million Sponsorship Extension

Nike and Ohio State agree to massive sponsporship deal.

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Nike and Ohio State have come to a whopping $252 million sponsorship agreement.

In a story first reported by The Wall Street Journal, the deal is for 15 years and takes effect with the 2018-2019 season. Terms of the deal include Ohio State receiving $112 million in Nike product, at least $103 million in cash, royalty income, and at least $41 million for scholarships and internships for non-athletes.

This agreement is the latest in Nike's efforts to secure several of the nation's top tier programs for the foreseeable future. Over the course of the past few months, Nike has come to terms with the University of Texas - $250 million renewal for 15 years - and has once again become the sponsor for the University of Michigan signing the Wolverines to an 11 year, $169 million deal. Michigan will wear Jordan Brand product beginning next season.

For more on the Nike and Ohio State deal, make sure to check out The Wall Street Journal's full report.

 

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