FSU Nike contract? Good deal for FSU or not?

http://floridastate.247sports.com/Board/36/Contents/FSUs-Nike-contract-wealthiest-in-the-state-47285110

tricknole

"$4M is PEANUTS compared to what schools have started making in recent years. We signed an extension with Nike 3 years ago that gave us a minimal bump in money/apparel. Our old contract wasn't finished yet and we foolishly failed to go to the open market and see what Adidas and Under Armour would bid, and if it would force Nike to up it's bid. Now we're stuck - yes, STUCK - with a deal that pays out a max $4.5M in apparel/cash until 2022-23. When some schools are making $10M RIGHT NOW. Miami is making more than that with their new Adidas contract (granted, Adidas is by far the ugliest of the 3 apparel supplies, Russell is the most hideous, but aside from GT I'm not sure who still uses them).
And no, rsmd2015, close to $3M in gear and apparel is not a lot. Not for 500 student athletes across all sports. Not for all of their uniform combinations, practice gear, footwear (both on and off the court/field), backpacks, etc. Especially if they use retail pricing and not wholesale (which I'm sure it specifies in the contract but I'm not going to bother finding it)."


http://floridastate.247sports.com/Bolt/FSUs-Nike-contract-wealthiest-in-the-state-47285110

"
Florida State has a long standing relationship Nike, the ‘Noles official apparel designer since 1998. FSU has one of the strongest brands in all of college football. The teams brand has been built as much on winning as it has on the Nike uniforms and footwear.
The Business Journal released the most recent financial numbers of Florida State’s deal with Nike. It shows that Nike is supplying the program with $2.8 Million in Nike gear, which goes above and beyond just jerseys and cleats. This also includes, gloves, workout gear, backpacks and other FSU labeled clothing.

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Between the gear that is given to the team and the cash payout from Nike to FSU, this year’s deal with Nike with pay Florida State a total of $4.2 million dollars.

You can read more about it here and also see what other teams’ deals are worth.

Here’s what the other teams in the state of Florida are making off their apparel deals:
University of Florida (Nike) $3.2 million
USF (Under Armour) $3 million
FIU (Adidas) $373,000
FAU (Adidas) $295,000
*UCF and Miami’s numbers were not disclosed."


Top 25 apparel deals for this season:

1. Texas: $12,850,000 Nike
2. Wisconsin: $11,000,000 UA
3. Mich: $10,440,000 Nike
4. UCLA: $8,900,000 Adidas
5. SoCar: $8,500,000 UA
6. U of L: $6,865,000 Adidas
7. TAMU: $6,700,000 Adidas
8. KU: $6,650,000 Adidas
9. tOSU: $6,205,681 Nike
10. AU: $6,200,000 UA
11. IU: $5,625,000 Adidas
12. Cinci: $4,695,000 UA
13. Maryland: $4,550,000 UA
14. UConn: $4,475,000 Nike
15. LSU: $4,300,000 Nike
16. FSU: $4,210,000 Nike
17. Neb: $4,190,000 Adidas
18. Illini: $4,000,000 Nike
19. UNC: $3,875,000 Nike
20. UGA: $3,813,000 Nike
21. Tenn: $3,8000,000 Nike
22. Bama: $3,790,000 Nike
23. Wash: $3,692,000 Nike
24. Mich St: $3,590,000 Nike
25. UK: $3,525,000 Nike


http://www.bizjournals.com/portland/feature/ncaa-deals-nike-adidas-under-armour.html