NORFOLK, Va. (AP) - Old Dominion University will reap nearly $400,000 annually from a new attire agreement for the school's athletes.
The Virginian-Pilot (
) reported the sum after obtaining a copy of a five-year deal with Under Armour.
The university's prior agreement with Nike paid the university about $61,000 annually.
The Under Armour contract calls for the football and men's and women's basketball teams to receive $350,000 worth of equipment in 2015-2016. That number drops to $325,000 over the next four years.
Under Armour will also provide ODU coaches and staff members with $25,000 of credit to purchase attire and will pay the university a $20,000 per year rights fee.
In 2015-2016, credits and payments will total $395,000.
Information from: The Virginian-Pilot,
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