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UConn/Nike Contract

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Finally received the Athlete’s Thread Sanogo jersey I ordered for my son last month - looks great & now I want one in my size.
 
upstater said:
This is from Pink Floyd's film The Wall, no?
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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.
 
MilliniumPrince said:
Good year to win both the PK Classic and the National title.
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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.
 
CashewCrew said:
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.
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How Sway?! said:
Does that figure include the value of the apparel? Probable can get somewhere around $8 million
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Timely read : Four thoughts on Notre Dame hitting the apparel free agency market:
 
I know there was a thread on this but I needed a reminder that BC’s gear provider is…New Balance.

Grilling Fathers Day GIF by Todd Rocheford
 
CashewCrew said:
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.
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The Nike contract is the only item on BOT May 17th agenda.

 
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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.
 
Storrs South said:
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.
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Yeah this makes zero sense. Who negotiated this garbage?
 
RoderickSpode said:
Finally received the Athlete’s Thread Sanogo jersey I ordered for my son last month - looks great & now I want one in my size.
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I got one too. I was hoping name/numbers sewn on for $110+
 
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GemParty said:
I got one too. I was hoping name/numbers sewn on for $110+
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Yeah mine looks a little too much like the Marshall’s discount rack for my taste
 
aburks41 said:
We can't be a Jordan school anyways. They have a "rule" that only 1 Jordan school is allowed per conference, which is Marquette.
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I thought so too, but what about Georgetown? Guess they don’t count lol
 
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?
 
FfldCntyFan said:
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?
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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.
 
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New Balance. Or an Under Armor package deal with Diamond Stone.
 
CashewCrew said:
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.
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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.
 
The next deal should not include basketball shoes. thereby allowing the players to sign their own NIL which will increase recruiting.
 
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HuskylnSC said:
The next deal should not include basketball shoes. thereby allowing the players to sign their own NIL which will increase recruiting.
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Do you believe that Nike would sign a deal with a school (that happens to be a marquee basketball program) that doesn't include basketball shoes?
 
FfldCntyFan said:
Do you believe that Nike would sign a deal with a school (that happens to be a marquee basketball program) that doesn't include basketball shoes?
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Should we sign a deal with a company that doesn’t value us accordingly?
 
Jbirdp5 said:
Should we sign a deal with a company that doesn’t value us accordingly?
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No, we should do our best (always, in every scenario) to receive fair market value for whatever we are negotiating. The point was that Nike won't sign a contract of any real value if it doesn't include basketball shoes. They won't pay us to use their apparel while one of their competitors is telling kids at an AAU tournament that the five time and defending national champions wears their shoes, not Nike's.
 
FfldCntyFan said:
No, we should do our best (always, in every scenario) to receive fair market value for whatever we are negotiating. The point was that Nike won't sign a contract of any real value if it doesn't include basketball shoes. They won't pay us to use their apparel while one of their competitors is telling kids at an AAU tournament that the five time and defending national champions wears their shoes, not Nike's.
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I agree they wouldn’t go for that, I just don’t see an issue going to market and negotiating with someone else if they don’t value us like they should. I don’t think too many kids would be deterred from coming to UConn if we signed a big deal with a company who valued us properly.
 
Of the ridiculous threads on here, this one might top the cake.
 
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