USA: Nike Signs US$28.3m Contract with UNC
Nike Inc has renewed its contract with the University of North Carolina to make apparel and provide uniforms for the university's 28 sports teams. The eight-year contract starting July 2002 is worth US$28.3 million, 50 per cent more than the previous contract. The school will receive a 10 per cent royalty on sales of all school related Nike merchandise, 2 per cent up on the previous contract.