The competition for lucrative Collegiate partnerships continues with shoe and clothing manufacturers.
The University of Miami is expected to sign a
sponsorship deal with Adidas worth $33 million over 8 years. Miami will
get all of its uniforms branded with the Adidas name and logo, and in
return Adidas will hopefully sell branded merchandise
to loyal fans.
The long range goal for the manufacturing companies
is that the fans and younger athletes become loyal to the brand. If a
fan wears branded merchandise and likes it, the company hopes they will
make more purchases of the brand. In this
way, they generate a lot of long term revenue from their team
affiliations through merchandise, shoes, and other recreational wear
that the fans purchase from them.
Sporting companies have become very savvy with their sponsorships and who they choose to affiliate with. It appears that these affiliations are paying off in a big way.
http://www.athleticbusiness.
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