July 17, 2015
Nike signs on as official sponsor for Michigan Wolverines

Participating in this sponsorship deal:

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According to a term sheet dated July 6, Michigan would receive $169 million over the 15-year agreement, with $12 million in upfront money, $76.8 million in additional cash over the course of the deal and $80.2 million in apparel for the school's 31 teams. That is an average of $11.3 million per year.
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