Nebraksa is about to cash in on their new Adidas deal...
https://nebraska.edu/-/media/unca/d...2017/august-board-meeting/agenda-8-11-17.ashx
Over a term of eleven years, adidas will pay to UNL, for the benefit of the Department of Intercollegiate Athletics at UNL, the aggregate sum of $128,659,000; $64,000,000 in cash and $64,659,000 in athletic apparel and equipment products.
While the proposed 11-year deal is a notably long commitment, it is more than reasonable, given the significant contract value (approximately triple the present arrangement), accompanied by two “look-in” periods in the fourth and seventh contract years. (A “look-in” allows the parties to adjust the contract to reflect market value in such a manner that UNL retains its status as an elite adidas university program.
If the “look-in” reveals that Nebraska is not an elite adidas program, the University may terminate the agreement.) While the term for the present agreement with adidas goes through June 30, 2018, the agreement proposed for approval in this item is effective July 1, 2017. If approved, the proposed agreement will replace the last year of the present contract. Comparing the old and new agreements, the increase in cash and product for the 2017/2018 year goes from $1,000,000 to $3,500,000 in cash and from $3,400,000 to $5,050,000 in product.
https://nebraska.edu/-/media/unca/d...2017/august-board-meeting/agenda-8-11-17.ashx
Over a term of eleven years, adidas will pay to UNL, for the benefit of the Department of Intercollegiate Athletics at UNL, the aggregate sum of $128,659,000; $64,000,000 in cash and $64,659,000 in athletic apparel and equipment products.
While the proposed 11-year deal is a notably long commitment, it is more than reasonable, given the significant contract value (approximately triple the present arrangement), accompanied by two “look-in” periods in the fourth and seventh contract years. (A “look-in” allows the parties to adjust the contract to reflect market value in such a manner that UNL retains its status as an elite adidas university program.
If the “look-in” reveals that Nebraska is not an elite adidas program, the University may terminate the agreement.) While the term for the present agreement with adidas goes through June 30, 2018, the agreement proposed for approval in this item is effective July 1, 2017. If approved, the proposed agreement will replace the last year of the present contract. Comparing the old and new agreements, the increase in cash and product for the 2017/2018 year goes from $1,000,000 to $3,500,000 in cash and from $3,400,000 to $5,050,000 in product.
