75ºF

Old Dominion University to get $400,000 annually under attire pact

Old Dominion University to get $400,000 annually under attire pact (Image 1)
Old Dominion University to get $400,000 annually under attire pact (Image 1) (Copyright by WSLS - All rights reserved)

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 (

http://bit.ly/1b0nDCy

 ) 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, 

http://pilotonline.com

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.