Miami Signs New Deal with Nike

What is up everybody, my name is Jordan Lopez and I'm here with Miami Hurricanes on SI as there's massive Developing breaking news regarding Miami as the Hurricanes are returning back to Nike The University of Miami has agreed to a 10-year deal with Nike worth more than 200 million dollars a little over 20 million per year The deal takes effect with the 2027 football season as Miami's current 11-year contract with Adidas expires next June Adidas had a matching right and didn't submit a counter offer, but did not match Nike's terms this ends the 11-year run with Adidas and revives a partnership with Nike that lasted from 1987 all the way to 2015 During that era with Nike Miami won four of its five national championships in football and became the first school to sign an all-sports deal with that apparel brand The annual value is reported to be 13 more million dollars And what Adidas is paying and it would rank among the largest Nike Allocations in college athletics is reported to be one of the biggest lucrative deals in college sports history As again, Miami is returning back to Nike in a huge 10-year contract worth over 200 million dollars With all the latest news and updates check in here with Miami Hurricanes on SI