Nike will replace Adidas as the uniform sponsor for the University of Michigan. According to a statement from the University of Michigan, the new Nike deal will last until 2027, with options to extend the deal to 2031.

The University of Michigan said it had reached an agreement in principle
with Nike to become the Wolverines' official athletic footwear, apparel
and equipment provider to 2027, with an option to extend the deal to
2031. The partnership will commence August 1, 2016 and will see Nike
supply all 31 of U-M's athletics programs with uniforms, footwear,
apparel and equipment. U-M and Nike also will collaborate throughout the
agreement on innovation initiatives in sports technology, design and
best practices.

The school's Adidas deal, which is the sportswear company's richest, expires July 31, 2016. It originally signed with Adidas in 2007. Prior to signing with Adidas, Michigan had been with Nike since 1994.

“After careful consideration, the right partner for the University of Michigan was Nike,” said Jim Hackett, interim director of athletics. “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.”

Hackett added, “Nike is a recognized leader in its field when it comes to product innovation and we look forward to future collaboration.”

Michigan aspires to unlock new possibilities for the entire U-M community with the partnership including student internships at Nike headquarters and community events.

The agreement includes use of the Jordan Brand “Jumpman” apparel and footwear for men's and women's basketball.

Fans will be able to purchase officially licensed Michigan gear produced by Nike once the partnership commences in August 2016. The M Den is the official retailer of Michigan Athletics and will be among the first retailers to feature the new apparel.

“The University of Michigan ranks high among the world's great institutions of higher learning and enjoys a rich, tradition-laden history in college sports. Nike is especially proud to partner with the Wolverines and have the opportunity once again to work with Michigan student-athletes, coaches and staff. We eagerly look forward to bringing out the best in each other,” said Joaquin Hidalgo, VP and general manager, Nike North America.

The University of Michigan statement is here.