University of Miami Signs Reported 10-Year Nike Deal Worth Over 200 Million Dollars
The University of Miami has reportedly agreed to a 10-year Nike apparel contract valued at more than $200 million, replacing a $6.5 million-per-year Adidas deal that expires June 30, 2027. Nike's annual outlay of more than $20 million, roughly two-thirds of which is expected to be cash, is reported to be the largest the company pays any university, though that claim is attributed rather than independently verified. No official release from Miami Athletics or Nike has been located, and key details including the exact cash schedule, NIL commitments, and board-level approval remain unconfirmed.