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Not surprising that Michigan and now Texas got such huge deals. They are two of the most recognizable brands in all of American Sports.
Partially related: Nike likes to streamline brands so I'm surprised that Texas taking and using our T (or close to it) is still a thing. The longhorn symbol is extremely recognizable and specific to your school. Use it and leave our T alone.
They are pretty much on of the biggest - or maybe even the biggest, Notre Dame aside - brand name in CFB, regardless of whether the team's good or bad, though.