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MM 6.18: Maryland and Under Armour announce 12-year, $98 million contract extension

June 19, 2024 by Testudo Times

COLLEGE FOOTBALL: DEC 30 TransPerfect Music City Bowl - Auburn vs Maryland
Photo by Matthew Maxey/Icon Sportswire via Getty Images

This is the Maryland Minute, a short story followed by a roundup of Terps-related news.

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.

A UFL champ

Congrats @Teamgrayy! pic.twitter.com/FX0KCEGhCD

— Maryland Football (@TerpsFootball) June 17, 2024

Former Maryland men’s lacrosse player Jack Koras scored his first professional goal Sunday.

First Pro Game! First Pro Goal! @JackKoras extends our lead to 13 with less than 7 minutes to play on ESPN+ pic.twitter.com/zfN0BKgwEE

— Maryland Whipsnakes (@PLLWhipsnakes) June 16, 2024

Filed Under: University of Maryland

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