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Official Offseason Uni Thread
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<blockquote data-quote="GTFLETCH" data-source="post: 416238" data-attributes="member: 1668"><p>Seven months before its apparel deal with Under Armour formally ends, USF announced it has reached an eight-year partnership with Adidas that begins next summer.</p><p></p><p>What is sad is GT Adidas deal is worse then USF... USF deal is way better than GT....With Adidas, USF can earn up to $600,000 a year in bonus merchandise (for exceeding annual purchase volumes) and up to $500,000 a year in cash bonuses for the performance of its teams and coaches.</p><p></p><p>Example: The Bulls receive an extra $5,000 if women's basketball coach Jose Fernandez is named American Athletic Conference Coach of the Year, an additional $50,000 if the football team finishes in the top 25, and an extra $500,000 if the football team wins a national title. The contract also states if USF becomes a member of a Power Five conference during the life of the deal, Adidas agrees to renegotiate it "to account for any proportional increase in value and/or exposure due to such membership."</p><p></p><p></p><p>Georgia Tech does have some incentives....However 600K for athletic sales, heck GT could have negotiated 400K in their deal and had everyone on the campu and online buy Adidas swag from the excitement from leaving RA and made that money... Here is the Stuff in GT contract....</p><p></p><p>The best part is we are only locked in for 6 years.. The contract will include a “look-in” after the third year for both sides to re-evaluate the market and Tech’s athletic performance. The cash “retainer fee” will increase annually by $1 million if the Jackets win a football national championship, $500,000 if they win the ACC and $250,000 if they appear in the ACC title game two years in a row. The retainer fee will be adjusted by $450,000 if the team wins nine games in a row in back-to-back seasons. The contract will be increased for performance by the men’s basketball team, as well – $500,000 for a national championship, $250,000 for an ACC championship and $125,000 for reaching the ACC championship game two years in a row. The memorandum also stipulates bonuses for championships and other accomplishments in football, men’s and women’s basketball and baseball.</p><p></p><p>GT got treated like a G5 team because they lost leverage....So glad we have a new AD and MBob is gone!</p><p></p><p>Link</p><p><a href="http://www.tampabay.com/blogs/bulls/2017/12/06/usf-strikes-apparel-deal-with-adidas/" target="_blank">http://www.tampabay.com/blogs/bulls/2017/12/06/usf-strikes-apparel-deal-with-adidas/</a></p></blockquote><p></p>
[QUOTE="GTFLETCH, post: 416238, member: 1668"] Seven months before its apparel deal with Under Armour formally ends, USF announced it has reached an eight-year partnership with Adidas that begins next summer. What is sad is GT Adidas deal is worse then USF... USF deal is way better than GT....With Adidas, USF can earn up to $600,000 a year in bonus merchandise (for exceeding annual purchase volumes) and up to $500,000 a year in cash bonuses for the performance of its teams and coaches. Example: The Bulls receive an extra $5,000 if women's basketball coach Jose Fernandez is named American Athletic Conference Coach of the Year, an additional $50,000 if the football team finishes in the top 25, and an extra $500,000 if the football team wins a national title. The contract also states if USF becomes a member of a Power Five conference during the life of the deal, Adidas agrees to renegotiate it "to account for any proportional increase in value and/or exposure due to such membership." Georgia Tech does have some incentives....However 600K for athletic sales, heck GT could have negotiated 400K in their deal and had everyone on the campu and online buy Adidas swag from the excitement from leaving RA and made that money... Here is the Stuff in GT contract.... The best part is we are only locked in for 6 years.. The contract will include a “look-in” after the third year for both sides to re-evaluate the market and Tech’s athletic performance. The cash “retainer fee” will increase annually by $1 million if the Jackets win a football national championship, $500,000 if they win the ACC and $250,000 if they appear in the ACC title game two years in a row. The retainer fee will be adjusted by $450,000 if the team wins nine games in a row in back-to-back seasons. The contract will be increased for performance by the men’s basketball team, as well – $500,000 for a national championship, $250,000 for an ACC championship and $125,000 for reaching the ACC championship game two years in a row. The memorandum also stipulates bonuses for championships and other accomplishments in football, men’s and women’s basketball and baseball. GT got treated like a G5 team because they lost leverage....So glad we have a new AD and MBob is gone! Link [URL]http://www.tampabay.com/blogs/bulls/2017/12/06/usf-strikes-apparel-deal-with-adidas/[/URL] [/QUOTE]
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