November 20, 2014
CHAPEL HILL, N.C. (AP) - The Tar Heels will wear the swoosh for the next nine years.
University of North Carolina officials said Wednesday they have signed a 10-year contract for Nike to supply athletic equipment and apparel to its sports teams.
The contract was signed in late May and made retroactive to July 1, 2008.
The Beaverton, Ore.-based footwear maker will provide shoes, uniforms, balls, coaching gear and other equipment for the school. The athletic department also will receive $1 million from the deal, with those funds being used for lighting and sound improvements to the Dean Smith Center.
School officials also said Nike has entered individual contracts with each of the Tar Heels' head coaches.