Cal switches from Nike to Under Armor with a 10-year, $86M deal.


Sources say the deal is worth almost $86 million in cash and product. It includes a $3 million signing bonus, $3.5 million in cash per year and an average annual product allowance of $4.76 million.

The new pact is worth much more than what Nike was paying the Golden Bears. In the final year of its Nike deal, Cal will receive $2 million in product and $150,000 in cash. Its cash intake will increase more than 2,000 percent in 2017-18.

Courtesy: ESPN