UCLA has secured the most lucrative apparel deal in the nation, signing with Under Armour to a 15-year agreement for $280 million.
The deal will be announced today by both Under Armour and UCLA.
Texas and Ohio State are the two apparel deals, both with Nike, that currently are considered the richest in college athletics, with both worth about $250 million over 15 years, which equates to a little over $16 million per year. Michigan's Nike deal is close to that, which calling for a total of $169 million over 11 years, about $15.4 million per year.
UCLA's deal will be for approximately $18 million per year.
UCLA's agreement with Under Armour, too, will be unique in the details, providing UCLA a vast amount of benefits that are reportedly unequaled in other apparel agreements. For one, we've learned that the money is guaranteed, and doesn't include royalties, which is a significant difference.
The deal with begin in July of 2017.
UCLA will have its press conference today at 12:00 noon.