When Michigan chose to partner with Nike for their next apparel deal, it was rumored they did so while turning down more generous monetary offers from Adidas and Under Armour. The details of the Nike contract have been released, and it's safe to say Jim Hackett struck a pretty solid deal regardless. Via MLive's Brendan Quinn:
According to contract details released by the Michigan athletic department, the university's deal with Nike is worth $169 million over 11 years, making it by far the richest of all apparel deals in collegiate athletics. The contract, which will supply all 31 Uu2010M athletic programs with uniforms, footwear, apparel and equipment, will pay $76.