But the more interesting sections outline the $1.5 million Memphis gets each year in uniforms and equipment, the $660,000 in cash payments annually, the $500,000 bonus for signing with Nike, plus a host of perks. That’s $11.3 million Nike will have given Memphis under the 5 year contract. In turn, the apparel company gets perks of its own: game tickets, parking passes, advertising on campus, etc.
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