Nike signed a new three-year contract to continue as the uniform and team gear provider to the University of New Mexico (UNM). Nike has worked to partner with the University since reaching an all-department contract in 2008.
The new agreement is valued at up to $3 million per year and up to $9 million over the life of the contract. UNM may receive up to $2 million in product from Nike with UNM purchasing up to $1 million per contract year. Previously, UNM received $1,050,000 of product for each year of the contract.
The agreement also includes possible bonuses for national excellence in the sports of Football, Men’s Basketball, Women’s Basketball, and New Mexico’s Track & Field and Cross-Country programs.
“We are excited to continue our long partnership with Nike,” said Director of Athletics Eddie Nuñez. “Nike is an industry leader in team product, equipment and apparel. Nike as a brand resonates with our coaches, student-athletes and fans, and we are proud to be under the Nike umbrella for three more years.”
Photo courtesy UNM
