The Univ. of Memphis (UM) athletic department "will receive $660,000 per year" as part of its five-year, $11.3M apparel deal with Nike, according to Jim Masilak of the Memphis COMMERCIAL APPEAL. Calipari and Nike signed a separate contract that "will presumably provide the coach with additional compensation for personal services." Nike's sponsorship benefits include "eight lower-level tickets to each home football and the same number of seats at all regular- or postseason, home or neutral-site men's basketball games."
In the current economy, Vick's Nike deal is even more amazing
Executive summary about Nike contract by Mike Florio
We were stunned -- as were many of you -- by the news that Nike has decided to enter into a new shoe and apparel deal with Eagles quarterback Mike Vick."Shoe money is so frigging tough to get right now," marketing rep Mike Ornstein recently told Liz Mullen of SportsBusiness Journal.
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