Under Armour looks to nix $280M deal with UCLA

NCAAF

Under Armour is attempting to break its 15-year, $280 million contract with UCLA, according to the school.

“UCLA Athletics learned this week that Under Armour is attempting to terminate its 15-year apparel and footwear contract with us and the Bruin community,” the school said in a statement Saturday. “We are exploring all our options to resist Under Armour’s actions. We remain committed to providing our hard-working staff and student-athletes with the footwear, apparel and equipment needed to train and compete at the highest level, as they — and our loyal Bruin fans — deserve.

UCLA and Under Armour reached the $280 million deal in May 2016, and it went into effect in July 2017. It remained the largest college apparel deal as of September 2019, according to Forbes.

Under Armour’s attempted move comes as UCLA is in the process of transitioning to Martin Jarmond as its new athletic director. The former Boston College AD is replacing Dan Guerrero next week.

Products You May Like

Articles You May Like

Illinois’ Shannon knows rape charge ‘real serious’
Sources: Parry leaving ESPN for new Bills role
Hunter, Ewers, Edwards share video game cover
Free agency: Latest signings, news, buzz and reports
9 under 25: Young players who are leveling up in the playoffs

Leave a Reply

Your email address will not be published. Required fields are marked *