October 9th, 2019 | by CollegeAD

The University of Georgia is receiving $1 million in cash annually under its current contract with Nike. The 10-year contract extension signed back in 2014 pays the Bulldogs $1.3 million more per year than its previous deal with the company. UGA receives on average $2.8 million worth of product per year. The deal, which includes a $2 million signing bonus, is set to expire in 2024 and is worth over $40 million. Georgia Tech isn’t far behind, collecting $3.1 million annually in its deal with adidas. While Tech isn’t receiving as much cash compensation ($200,000 annually) as UGA, the Yellow Jackets receive loads of product — valued at about $2.9 million on average annually. Georgia State University agreed to a seven-year contract worth $2.7 million with Under Armour in 2016. The school receives an average of $392,857 worth of gear per year. Georgia Southern extended its contract with Adidas in 2016. The current seven-year deal, which is worth over $2 million, pays GS $50,000 in cash per year and provides $275,000 worth of product annually. In 2016, Kennesaw State signed a seven-year contract with adidas. The deal is worth over $2.3 million and provides KSU with $340,000 worth of product per year. A $100,000 signing bonus is also included in the deal, which is an extension from a previous agreement in 2012. – Eric Jackson, Atlanta Business Chronicle, Read More

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