Report: Texas Agrees To 15-Year Apparel Deal With Nike

The Texas Longhorns have reportedly reached an agreement with Nike on a 15-year apparel contract. 

According to the Austin American-Statesman, the contract will be the richest in college sports. The exact terms are unknown, but a source told the American-Statesman that Texas' deal will eclipse the 15-year, $169 million that Michigan signed with Nike earlier this year. Texas has been the No. 1 seller of college merchandise for nine straight years

The contract is complete, but still needs approval from the UT Board of Regents. If the contract is as massive as reported, it's highly likely the Board will approve it. 

Interim athletic director Mike Perrin cancelled a meeting with Under Armour that was scheduled for early October, which was a clear indication Texas was going to re-up with Nike. Texas' contract with Nike had a clause that would have allowed the company to match any offer Under Armour made. Texas has had a contract with Nike since 2000.

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