OSU and Nike extend contract; deal worth $252M

In a deal worth $252 million, the Ohio State University and Nike have extended their sponsorship contract by 15 years.

The deal includes $22.5 million in cash, which will be used to establish a scholarship endowment and $10 million for a fund to be spent at the president of OSU’s discretion. It also includes $500,000 in Nike apparel to given to OSU students annually starting in 2018.

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