UW regents set to OK 10-year Under Armour contract - WAOW - Newsline 9, Wausau News, Weather, Sports

UW regents set to OK 10-year Under Armour contract


 MADISON, Wis. (AP) -- The University of Wisconsin System regents are set to consider a contract that would make Under Armour the exclusive athletic uniform and equipment supplier for UW-Madison for the next decade.
The contract calls for Under Armour to supply $3.3 million in shoes, apparel and equipment to UW-Madison's teams for free in the first year. The school would get $2.5 million worth of free gear in year two, increasing incrementally to $3 million in free gear by year 10.
The company also would pay UW-Madison $4 million annually; $450,000 in annual licensing royalties; up to $500,000 to rebrand the school's athletic facilities; and $150,000 to expand retail space for Under Armour in the school's clothing stores.
The regents are scheduled to consider the contract during a meeting Friday on campus.

Powered by Frankly