Nike and the University of Miami could be ending their nearly three decade partnership as the school’s equipment and apparel supplier early as next year.
The University of Miami could be ending its nearly three-decade partnership with Nike as the school’s equipment and apparel supplier early as next year, reports The Palm Beach Post.
Miami’s contract with Nike to supply its teams with apparel ends Aug. 31, 2015 and has not been renewed by the school.
Miami athletic director Blake James told the newspaper that two undisclosed companies made bids on a new contract. Those two companies are believed to be Under Armour and Adidas. Nike does have the chance to match any other offers and continue its partnership with Miami.
“Right now all I would say is we have a great partner in Nike and as our contract is coming to an end, we're evaluating the options that are out there and available,” James said.
James added there was no timetable to get a deal done, but The Palm Beach Post reported that the school would like to announce a deal by the time the team plays South Carolina in the Duck Commander Independence Bowl on Dec. 27.
In 1987, Miami was the first school to sign a sports contract with the world’s No. 1 shoe and apparel company.
Nike currently outfits 45 of the 65 Power Five conference schools, while Adidas has partnerships with 11 schools and Under Armour has deals with eight schools.
- Scooby Axson