Nike, Univ. of Memphis Ink Athletics Deal

According to GoTigersGo.com, the University of Memphis has agreed in principle to a five-year, $11.3 million exclusive contract with Nike to provide shoes, apparel and equipment for all Tiger athletic teams.

The press conference, held in the Athletic Office Buliding on Memphis' camopus, featured athletic director R.C. Johnson, Nike director of college sports marketing Kit Morris, VP and CFO FedEx Corp. Alan Graf, and other representatives from Nike.

Memphis athletic teams, who have always been responsible for providing their own apparel and equipment, will now be outfitted by Nike, alleviating a major financial burden for the athletic department.

Nike, Univ. of Memphis Ink Athletics Deal

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