Written by The Business Journal Staff
(AP) — California announced a 10-year apparel contract with Under Armour.
A person familiar with the deal said Cal will receive about $86 million in cash, apparel and operational support under the terms of the contract. The person spoke on condition of anonymity because the school did not release the details. The contract will net Cal about $2 million more in cash each year than it got under the previous contract with Nike, the person said.
Under Armour will design and supply all footwear, apparel and equipment for Cal’s teams. The company will also supply internships and jobs for Cal students.
The contract begins July 1, 2017.