UConn/Nike Contract

[polycom]

As all boneyard thread do this one wasn't a let down. "Jordan has less prestige than Nike" solid take.

 

[aburks41]

We can't be a Jordan school anyways. They have a "rule" that only 1 Jordan school is allowed per conference, which is Marquette.

 

[AZHuskiePop]

I don’t know if anybody mentioned this but Women’s basketball success was a key ingredient in our branding contract .
In the modern world of what have you done lately with their recent run of bad luck the men picking up the gauntlet at the right time is fortunate.
With more attention to the women’s game this year than ever if they could win another it would have more significant financial impact than ever .

 

[Sick Puppy]

Armani is making very nice looking uniforms for Italian soccer these days. I'd go with them

Definitely Armani. He designs uniforms for the Italian police and military. I showed this to my wife and she said “put me in handcuffs and arrest me immediately.”

 

[upstater]

Definitely Armani. He designs uniforms for the Italian police and military. I showed this to my wife and she said “put me in handcuffs and arrest me immediately.”
View attachment 88083

This is from Pink Floyd's film The Wall, no?

 

[RoderickSpode]

Finally received the Athlete’s Thread Sanogo jersey I ordered for my son last month - looks great & now I want one in my size.

 

[boba]

This is from Pink Floyd's film The Wall, no?

I don't believe so, it appears to be Piazza Roma in Modena. In the background in the military academy, which is why these guys are walking around in full dress uniforms. Was just there this past Easter.

 

[AZHuskiePop]

Good year to win both the PK Classic and the National title.

In branding and apparel the UConn women’s program probably made the brand more national than the men’s . The were the whole enchilada in women’s basketball for a long time . Hopefully their best days are not behind them. Stars attract merchandising more than the team .
For a frame of reference if you went to a Yankee game a few years ago 1/2 the people were wearing number 2 Yankee Jersey’s
That true of every team . Injuries to our star players have diminished their attraction. Hopefully Paige comes back with a vengeance next year and every young girl in BB will want her Jersey.
The men haven’t had a player like that since Kemba . I think Clingan has the potential but we will see.

 

[huskymedic]

Nike’s contract with UConn ends on June 30th of this year. Just thinking, what an ideal time to win a National Championship. The current contract is 7 years/$32.4M, not bad but there have been some humongous school brand deals in the last few years that I think UConn is also worthy of. I hope Nike agrees and pays some big bucks to renew.

Does that figure include the value of the apparel? Probable can get somewhere around $8 million

Timely read : Four thoughts on Notre Dame hitting the apparel free agency market:

 

[StllH8L8ner]

I know there was a thread on this but I needed a reminder that BC’s gear provider is…New Balance.

 

[UCONNJACK]

Nike’s contract with UConn ends on June 30th of this year. Just thinking, what an ideal time to win a National Championship. The current contract is 7 years/$32.4M, not bad but there have been some humongous school brand deals in the last few years that I think UConn is also worthy of. I hope Nike agrees and pays some big bucks to renew.

The Nike contract is the only item on BOT May 17th agenda.

https://boardoftrustees.uconn.edu/wp-content/uploads/sites/2924/2023/05/2023-05-17-UConn-Board-Agenda-Telephone-Meeting.pdf

 

[aburks41]

The Nike contract is the only item on BOT May 17th agenda.

https://boardoftrustees.uconn.edu/wp-content/uploads/sites/2924/2023/05/2023-05-17-UConn-Board-Agenda-Telephone-Meeting.pdf

UCLA just got 6yr/$46M. If we could get something similar that would be a nice boost from our current deal

 

[UCONNJACK]

The Nike contract is the only item on BOT May 17th agenda.

https://boardoftrustees.uconn.edu/wp-content/uploads/sites/2924/2023/05/2023-05-17-UConn-Board-Agenda-Telephone-Meeting.pdf

Nike six years extension specifics outlined on page four.

https://boardoftrustees.uconn.edu/wp-content/uploads/sites/2924/2023/05/2023-05-17-UConn-Board-Agenda-with-Attachments-Telephone.pdf

 

[Storrs South]

Nike six years extension specifics outlined on page four.

https://boardoftrustees.uconn.edu/wp-content/uploads/sites/2924/2023/05/2023-05-17-UConn-Board-Agenda-with-Attachments-Telephone.pdf

Am I reading that correctly that the value of the new deal is less than previous? 2017-2023 UConn announced that was worth $32.5 million. The new balance appears to show a combined $28.8 million for the next 6 years.

 

[FfldCntyFan]

On the surface this looks quite disappointing.

I will jump to the conclusion that the stated values ($25.2mm & 3.6mm) are for the length of the contract (as I don't see it increasing by $24mm a year), the values for the two final years is $4,735,715 per year while the new value will be $4,800,000 per year. $64k more or an increase of 1.36%. With inflation as it is, this is in effect a slight haircut.

 

[aburks41]

Am I reading that correctly that the value of the new deal is less than previous? 2017-2023 UConn announced that was worth $32.5 million. The new balance appears to show a combined $28.8 million for the next 6 years.

Yeah this makes zero sense. Who negotiated this garbage?

 

[GemParty]

Finally received the Athlete’s Thread Sanogo jersey I ordered for my son last month - looks great & now I want one in my size.

I got one too. I was hoping name/numbers sewn on for $110+

 

[BGesus4]

I got one too. I was hoping name/numbers sewn on for $110+

Yeah mine looks a little too much like the Marshall’s discount rack for my taste

 

[HuskyAlum012]

We can't be a Jordan school anyways. They have a "rule" that only 1 Jordan school is allowed per conference, which is Marquette.

umm isnt Georgetown also Jordan brand?

 

[I Bleed Blue]

We can't be a Jordan school anyways. They have a "rule" that only 1 Jordan school is allowed per conference, which is Marquette.

I thought so too, but what about Georgetown? Guess they don’t count lol

 

[CashewCrew]

Yeah this makes zero sense. Who negotiated this garbage?

This is why we should have been there.

 

[FfldCntyFan]

Was what was posted a final agreed upon contract that is being presented to the trustees for signature or an initial offer that can be negotiated?

 

[CashewCrew]

Was what was posted a final agreed upon contract that is being presented to the trustees for signature or an initial offer that can be negotiated?

Seems like it. Pretty disappointing. Why not put some actual work in and RFP/market the rights out to get competitive bids? It seems incredibly lazy on the school’s part.

 

[ZenConn]

New Balance. Or an Under Armor package deal with Diamond Stone.

 

[aburks41]

Seems like it. Pretty disappointing. Why not put some actual work in and RFP/market the rights out to get competitive bids? It seems incredibly lazy on the school’s part.

There's not much competition I guess. It's Nike or Adidas. Still very disappointing that we just bent over and took less money per year.