butchna
Sit down and tell me all about it...way over there
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We'll be getting less money from Nike than we did Adidas.
Someone hasn't read the contract. In the end, the Nike deal favors Tennessee far more than the Adidas deal did.
Adidas paid out, what, $2.5mil/year? Nike is $1.5mil/year? That's chump change compared to the $23mil/year we're getting from the SECN. The football team revenue directly was around $75mil in 2014 and that is with 3/4 home games well under 100k attendance and low donation numbers due to an anemic program.
Nike gives 13% royalties on merchandise sold and Adidas was only giving 9%. We'll make up that $1mil easy in that alone.
Someone hasn't read the contract. In the end, the Nike deal favors Tennessee far more than the Adidas deal did.
Adidas paid out, what, $2.5mil/year? Nike is $1.5mil/year? That's chump change compared to the $23mil/year we're getting from the SECN. The football team revenue directly was around $75mil in 2014 and that is with 3/4 home games well under 100k attendance and low donation numbers due to an anemic program.
Nike gives 13% royalties on merchandise sold and Adidas was only giving 9%. We'll make up that $1mil easy in that alone.
From articles I've read on this, UT will be clearing 4 mil plus a year AND be fully stocked with gear throughout the deal. I think Adidas had a limit on that last part.
It's kind of like this:
- Take $1 salary but 13% in company revenue
- Take $1mil salary but 9% in company revenue
That 4% of company revenue stands to mean a lot more over a period of 10 years where inflation will also devalue a hard-numbered salary. UT just bet on itself and you have to appreciate that as well as UTAD being financially savvy.
We're just not used to an AD that knows how to run what is effectively a mid-sized company based on revenue.
Someone hasn't read the contract. In the end, the Nike deal favors Tennessee far more than the Adidas deal did.
Adidas paid out, what, $2.5mil/year? Nike is $1.5mil/year? That's chump change compared to the $23mil/year we're getting from the SECN. The football team revenue directly was around $75mil in 2014 and that is with 3/4 home games well under 100k attendance and low donation numbers due to an anemic program.
Nike gives 13% royalties on merchandise sold and Adidas was only giving 9%. We'll make up that $1mil easy in that alone.
Depends on what the revenue is.
How much did UT receive in royalties last year from Adidas?
Also, the equipment allowance is less under Nike than it was Adidas