Down
enlarge
Texas reaches record 15-year deal, remains with Nike
0:46 | College Football
Texas reaches record 15-year deal, remains with Nike
Wednesday October 21st, 2015

University of Texas regents approved a 15-year contract extension with Nike worth $250 million, reports Mike Finger of the San Antonio Express-News.

Earlier this summer, the Michigan Wolverines signed a 15-year deal with Nike worth an estimated $169 million, which was the biggest apparel and sponsorship contract in college sports till Texas’ new deal. Michigan left Adidas after a nine-year partnership before the team’s switch to the swoosh, which is set to officially begin in 2016.

Texas athletic apparel has topped the Collegiate Licensing Company’s rankings for t-shirt, hats and other merchandise sales for the past nine years. Nike and Texas first partnered in 2000.

LeBron 13: Nike outfits Cavs' James with sleeker, lightweight sneaker

- Christopher Chavez

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.