UNC extends deal with Nike, worth more than $60M
The University of North Carolina, Michael Jordan's alma mater, has just announced a 10-year extension of its apparel deal with Nike. According to Forbes, the new deal will average $6.27 million USD per year and will catapult UNC onto the most valuable college apparel deals in history. The publication goes on to state the Tar Heels "will average $2.87 million USD in wholesale product allotment and $3.4 million USD in cash annually from their new deal."
(Hypebeast)