The contract with Nike runs through 2027 and Michigan has the option to extend the deal through 2031. Financial terms will be released next week.
As part of the agreement, which applies to all Wolverines sports, Michigan students will be participating in internships at Nike's headquarters.
“After careful consideration, the right partner for the University of Michigan was Nike,” interim athletic director Jim Hackett said in a statement. “This decision, this partnership is about more than Michigan athletics; at the core, it is about our University community and it is about two great names reuniting for an opportunity that speaks to more than uniforms and apparel.”
Michigan switched from Nike to Adidas in 2007, signing a deal that paid the school $4.4 million in equipment and apparel, plus another $3.8 million in cash. The deal was believed to be the richest in college sports until Notre Dame signed a 10-year, $90 million pact with Under Armour.
- Dan Gartland