Michigan's Nike contract worth $169 million, richest in college sports

Posted Jul 15, 2015
There's a new champion in the apparel contract arms race..for now. Michigan revealed the details of its new all-sports apparel contract with Nike on Wednesday, a contract that will pay it a record $169 million through 2027. The Wolverines will receive $80.2 million in apparel over the life of the deal and $76.8 million in cash. After an initial "signing bonus" of $12 million, Michigan will receive between $10.1 million and $10.9 million per season -- the richest apparel contract in college athletics. (CBS Sports)

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