Syracuse Announces Multi-Year Contract Extension With Nike – SportsLogos.Net News

Syracuse Announces Multi-Year Contract Extension With Nike

The Syracuse Orange will be outfitted by Nike for the foreseeable future after the university announced a multi-year contract extension with the footwear and athletic apparel company on Friday morning.

“We are pleased to continue our longstanding partnership with Nike. This agreement benefits all 20 varsity sports and every student-athlete at Syracuse University,” athletic director John Wildhack said. “The agreement increases the product we receive from Nike on an annual basis and will aid in our ongoing efforts to provide a tremendous experience for our student-athletes.”

Syracuse is a private institutions, so the terms of the contract were not disclosed. But the athletic department’s release indicates that Nike will provide increased royalty revenue for all licensed products, performance-based bonuses and base cash compensation moving forward.

The agreement also includes the creation of an internship program that will give Syracuse students the opportunity to work at the Nike headquarters in Beaverton, Oregon, each summer.

“Nike is especially proud to extend our relationship with Syracuse University,” Nike senior director of college sports marketing Kit Morris said. “The Orange have been in the Nike family for decades and it remains a privilege to serve their student-athletes, teams and coaches.”

Syracuse’s partnership with Nike began with men’s basketball in 1982 and is believed to be the longest-standing relationship between the company and any university. The football team followed suit in 1991, while the remainder of the Orange’s athletic department was full transitioned by the 2003 season.

In connection with this morning’s announcement, Syracuse has a fan event scheduled for next Friday, June 21, at Turning Stone Resort Casino. When asked if the Orange will unveil new football uniforms that evening, Wildhack said, “I’d encourage our fans to stay tuned.”

Syracuse’s current uniform set debuted during the 2014 season to mixed reactions. The elongated custom number font — meant to evoke the New York City skyline — and 44-degree slashes throughout the numbers and on the sleeve caps were among the main points of contention.