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UO unanimously approves Nike sponsorship

The Board of Trustees voted to approve a new contract with Nike.

Posted: Dec. 8, 2017 1:07 PM

EUGENE, Ore. -- The Board of Trustees at the University of Oregon has unanimously voted to approve an $88 million contract with Nike.

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The new contract is an 11-year agreement. The current contract with Nike expires in June of 2018.

The Oregonian reports Nike would pay $2.5 million in cash and spend $5 to $6 million in gear each year.

The Ducks will also receive $3 million signing bonus.

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