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Bryan Fischer @BryanDFischer 2h2 hours ago
Nike was very much like, ‘Nah, we’re good,’ when it came to renewing Rutgers’ apparel deal:
Rutgers agrees to big-money Adidas apparel deal
>>Rutgers' deal with Nike was worth a total of $5.2 million in apparel compensation and a base payment of $130,000 annually, according to a contract obtained by NJ Advance Media through the university's Open Public Records office.
Sources say the Nike renewal deal never gained serious traction. Although Nike had the right of first refusal, the Oregon-based shoe company declined that option, a source said. Nike's offer to Rutgers was to keep Rutgers' annual compensation at $1.1 million, according to multiple sources.<<
Nike was very much like, ‘Nah, we’re good,’ when it came to renewing Rutgers’ apparel deal:
Rutgers agrees to big-money Adidas apparel deal
>>Rutgers' deal with Nike was worth a total of $5.2 million in apparel compensation and a base payment of $130,000 annually, according to a contract obtained by NJ Advance Media through the university's Open Public Records office.
Sources say the Nike renewal deal never gained serious traction. Although Nike had the right of first refusal, the Oregon-based shoe company declined that option, a source said. Nike's offer to Rutgers was to keep Rutgers' annual compensation at $1.1 million, according to multiple sources.<<