Goodbye Nike! Hello Adidas!
Posted: Thu Jul 12, 2007 7:47 am
Adidas gave Michigan a $6.5 million signing bonus in a deal worth $3.8 million in cash annually, with the school holding a five-year option when it expires following the 2016-17 season. The contract also includes shoes and equipment for all of its 25 teams, including the nation's winningest football program, making the deal worth $7.5 million each year in cash and merchandise.
Adidas-produced Michigan gear will arrive in stores next summer, while Wolverines athletes will begin wearing the new products beginning in fall of 2008.
http://www.forbes.com/feeds/ap/2007/07/11/ap3903896.html