According to Brian Murphy of the Idaho American Statesman, Nike and Boise State have agreed to terms on a new uniform and merchandising deal with more than $6.24 million for 6 years. The deal is still waiting approval from the State Board of Education (who meets this week), but that seems like a formality at this point.
An excerpt from the article:
Under three existing contracts with Nike, Boise State receives approximately $280,000 per year in cash and products.
Under the new deal — which includes all sports in a single contract — the Broncos will receive $6 million worth of product and equipment.
Breakdown by year:
2013-14: $1 million
2014-15: $1 million
2015-16: $1.15 million
2016-17: $1.15 million
Additionally, the contract calls for an additional $75,000 per year in product allowance when the Broncos’ football program joins the Big East.