The expected stamp of approval was given by the University of Nebraska Board of Regents on Friday for a five-year extension to the deal between Husker athletics and adidas.
The Regents passed the measure by a unanimous 7-0 vote.
As reported last week, the deal is worth $15.53 million. Of that number, $8.03 million comes in cash paid by adidas to NU. The other $7.5 million comes in athletic apparel and equipment.
The deal replaces an eight-year agreement that was about to run out in June. Nebraska has been associated with adidas since 1995.
“We are pleased to extend our contract with adidas as we look to continue to grow and extend our Nebraska Athletics brand world-wide,” Husker athletic director Shawn Eichorst said in a statement. “Their products are of excellent quality across all sports and through the years they have also provided superior customer service to our programs. Adidas has been a great partner for us and we look forward to working with them over the next five years.”
The last deal in 2005 gave Nebraska a guaranteed base sum of $22.875 million over eight years, which was thought to be one of the highest dollar figure apparel and footwear contracts at the time.
Other notable programs linked with adidas include Notre Dame, Michigan, Tennessee, Texas A&M, Indiana, Cincinnati, North Carolina State, Mississippi State and Kansas.
* The regents also approved a request to rename the Haymarket Park Practice Facility to the Alex Gordon Training Complex following a $1 million donation from the former Husker and his wife Jamie Gordon.
* Also, the new volleyball court at the Bob Devaney Sports Center will now be named Terry Pettit Court, in honor of the former Husker volleyball coach.