Maryland and Under Armour announced on Monday a 12-year, $98 million dollar contract that extends through 2036.
The average annual value of more than $8 million is a near $5 million dollar increase from the Terps current contract with the brand, which was signed in 2014.
The deal also includes a name, image and likeness (NIL) program that will allow student-athletes to earn money from the brand by promoting Under Armour on social media.
Under Armour began outfitting Maryland football in 2004, as the Terps were the first collegiate team to wear Under Armour jerseys. The brand has been the department-wide outfitter since 2009 and will continue to provide game-day apparel for Maryland’s varsity athletic teams.
The deal also allows Maryland to stick with Under Armour CEO and Maryland alum Kevin Plank.
In other news
Maryland men’s basketball added Memphis transfer Jayhlon Young on Monday.
Maryland men’s basketball filled up its last scholarship spot with Memphis transfer Jayhlon Young. Young played in 27 games last season, averaging 2.2 points and 1.3 rebounds per game. https://t.co/DLwh8UOo9Y
— Colin McNamara (@Colinmcnamara05) June 18, 2024
Former Maryland football player Dee Gray and the Birmingham Stallions won the UFL championship Sunday.
Former Maryland men’s lacrosse player Jack Koras scored his first professional goal Sunday.
