Home
Articles
Photos
Interviews
Forums
New posts
Search forums
Georgia Tech Recruiting
Dashboard
What's new
New posts
New profile posts
Latest activity
Chat
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Georgia Tech Athletics
Georgia Tech Football
AJC Article on Value of Adidas Deal
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="awbuzz" data-source="post: 436282" data-attributes="member: 443"><p>Gear showing up at GTAA - <a href="https://www.ajc.com/sports/college/how-georgia-tech-equipment-staff-handling-the-switch-adidas/3DL4UAyYuZ8QaXOnkxb8SN/" target="_blank">link</a></p><p></p><p>One over stat that sticks out to me is that the $2.91M of gear each year is a "list" price valuation. Meaning that it is worth about half (40 -60%) that amount vs buying wholesale.</p><p></p><p>On top of the $200,000 that Adidas will give Tech annually over its six-year contract, the athletic department was given an annual allowance of $2.91 million to purchase gear. The figure for 2018-19 is $3.05 million. In its final year with Russell, Tech received $950,000 in cash and $1.35 million in product.</p><p></p><p><strong>Merchandise purchased in the allowance is rung up at retail value.</strong> The athletic department can also purchase additional gear from Adidas at wholesale cost.</p><p></p><p>“There’s things about the contract, and about what we’re going to use that we don’t know yet,” Conner said. “We don’t know how far it’ll go.”</p></blockquote><p></p>
[QUOTE="awbuzz, post: 436282, member: 443"] Gear showing up at GTAA - [URL='https://www.ajc.com/sports/college/how-georgia-tech-equipment-staff-handling-the-switch-adidas/3DL4UAyYuZ8QaXOnkxb8SN/']link[/URL] One over stat that sticks out to me is that the $2.91M of gear each year is a "list" price valuation. Meaning that it is worth about half (40 -60%) that amount vs buying wholesale. On top of the $200,000 that Adidas will give Tech annually over its six-year contract, the athletic department was given an annual allowance of $2.91 million to purchase gear. The figure for 2018-19 is $3.05 million. In its final year with Russell, Tech received $950,000 in cash and $1.35 million in product. [B]Merchandise purchased in the allowance is rung up at retail value.[/B] The athletic department can also purchase additional gear from Adidas at wholesale cost. “There’s things about the contract, and about what we’re going to use that we don’t know yet,” Conner said. “We don’t know how far it’ll go.” [/QUOTE]
Insert quotes…
Verification
What is the name of Georgia Tech's mascot?
Post reply
Home
Forums
Georgia Tech Athletics
Georgia Tech Football
AJC Article on Value of Adidas Deal
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top