darren rovell @darrenrovell 46m Tennessee deal with Nike is only $7.6 million in cash over 8 years. Shows how far program has fallen.
From deerpark on derpnation. He works in the ad and has been talking about the negotiations for awhile.
Hubbs said this contract puts UT in the top 10 of Nike's highest paid per year. By comparison, Alabama's current deal with Nike would only pay 6.25 million over the same timeframe.
The guy has always had solid info regarding something things UT Athletics, but I have never bought that he works in Athletics.
I think Bama is in about year 4 of their contract so that might explain why they are a little lower. LSU's contract is only about 7-8 months old.
The number on the left is the value of the equipment that the manufacturer sends each school per year. The number on the right is the cash they send to the school per year.
If my understanding from a follow-up by Hubbs is correct.... Nike deal is anywhere from 800K-1 million less per year vs what Adidas offered, however the Nike deal is front loaded 200K signing bonus this summer and 800K in more gear to transition over to Nike.... and Nike is giving them a 13% merchandise revenue share vs Adidas' 9%.....So if you made 1 million from Adidas, you would make 1.44 million from Nike...Also, TN can renegotiate at any time for higher as market dictates throughout based on improved sales/play/etc