The previous deal with Nike was set to expire in 2016, so Littlepage and Co. re-signed with Nike to the tune of 10 years and $35 Million.
In 2008, the Cavalier athletic program was able to sign an 8 year, $11.8 Million contract with Nike, or about $1.48 million annually. Fortunately, for the athletic program and the school in general, the Hoos have gained some national relevance in numerous sports including baseball and soccer, but most notably, basketball.
The new contract, that was signed in April, but went in to effect July 1, was much more lucrative for the school.