Clemson, Nike announce new 10-year deal

by TigerNet Staff - Fri Aug 03 09:49:16 GMT-04:00 2018

Clemson Director of Athletics Dan Radakovich announced that Clemson Athletics and Nike have reached an agreement for a 10-year, $58 million extension to their all-sport partnership, per a Clemson release Friday.

Clemson-Nike deal (per Clemson)

* The new agreement more than doubles the annual value of the previous agreement between Clemson and Nike, including a cash increase from $115,000 to $400,000 annually.

* The new agreement extends the Clemson-Nike footwear, apparel and equipment partnership through 2027-28. Clemson & Nike have been partners dating back to 2002.

* The new agreement provides that Nike's marketing team and Clemson's Creative Solutions team meet annually to collaborate on innovative projects that promote the two brands.

* Clemson’s royalty rate for co-branded Clemson-Nike product increases from 11% to 14%, which will generate greater licensing revenue for Clemson Athletics.

* Clemson now has one of the highest average annual value agreements with Nike in college athletics despite modest totals in enrollment, living alumni and state population totals.

Officials talk Clemson-Nike partnership

Dan Radakovich (Director of Athletics, Clemson University): “Nike is the one of the premier brands in the world and we’re excited to build upon our relationship. Our brand has grown exponentially in recent years, and this continued partnership will enhance the ‘Power of the Paw’ moving forward.”

Dabo Swinney (Head Football Coach, Clemson University): “Nike is the clear leader among our student-athletes and recruits and we’re excited to continue to provide our players with the best equipment and technology in the market. We have a tremendous partnership and it’s a difference-maker for our program. Being aligned with a global leader like Nike makes the Paw even more powerful.”

Kit Morris (Sr. Director of College Sports, Nike): “Nike is proud to continue its relationship with Clemson, supporting the Tigers in their continued success. It remains a special honor to serve the student-athletes, teams and coaches at Clemson.”

Brian Fairben (NCAA Business Director, Nike): “We took a team trip to Clemson in 2017 and the thing that stood out to us was ‘family.’ It was amazing to see how they treat the players throughout the entire process. I think it’s a special partnership and we’re going to do some amazing things from a product and marketing standpoint moving forward.”

Jeff Lulay (Brand Marketing Specialist, Nike): “The Clemson brand is amazing. Clemson is like the North Star or the gold standard from the branding and marketing standpoint in how they take our product and bring it to life.”