Report: Michigan's Nike Deal Is Worth $169 Million
By: Evan Jankens
@kingofthekc
The rich get richer.
Last week, Michigan made it official they would change from Adidas to Nike in 2016. Many Michigan fans rejoiced and thought this would bring the glory days back to Michigan football.
Wednesday morning, ESPN's Darren Rovell tweeted out the details of the deal.
"Michigan says its deal with Nike from 2016-2027 is worth $169 million w/$76.8M in cash alone", Rovell tweeted.
When Michigan signed with Adidas, it was the richest of its kind at eight years and $60 million.
The rumors of Nike recruiting Michigan had been going on since the beginning of the year. Jim Hackett also mentioned last week that the new Nike deal is the richest in the country.
