Husky Football Blog
Times reporter Bob Condotta keeps the news coming about the Montlake Dawgs.
August 8, 2008 3:06 PM
Posted by Bob Condotta
The Huskies have just announced a new contract with NIKE for the company to be the team's exclusive footward, apparel and equipment provider.
The new deal is worth approximately $39 million over 10 years and becomes effective July 1, 2009. That is worth three times more than the previous deal UW had with NIKE.
UW acting AD Scott Woodward is scheduled to address the media shortly.
There had been rumors UW was considering other compaines with the contract with Nike due to run out next year but the Huskies ultimately decided to stick with NIKE. UW has had contracts with the company since 1997.
The new deal runs through June 30, 2019.
As detailed in this post last month, UW received approximately $1.3 million a year in cash and product under its old agreement. It now will get a guaranteed $3.5 million a year with incentives pushing it to $3.9 million per year.