Miami Hurricanes And Nike Agree To Massive New Deal

BY Ben Atkinson
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NCAA Football: Miami at South Florida
Sep 21, 2024; Tampa, Florida, USA; DUPLICATE***Miami Hurricanes quarterback Cam Ward (1) throws a pass against the South Florida Bulls in the first quarter at Raymond James Stadium. Mandatory Credit: Nathan Ray Seebeck-Imagn Images. USA TODAY Sports via Reuters Connect.

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Miami and Nike have agreed to a 10-year, $200 million deal, and SoleFly is already teasing a new Air Jordan 4 collaboration.

Miami and Nike have agreed to a 10-year deal worth more than $200 million. The Hurricanes are leaving Adidas once their current contract expires on June 30, 2027. Nike officially takes over as the school's apparel partner starting that July.

This marks a return rather than a brand-new relationship. Nike outfitted Miami from 1987 through 2015, covering some of the program's biggest football seasons. The Hurricanes then switched to Adidas in 2015, signing a 12-year deal that's set to wrap up next summer.

Miami reportedly found itself in a strong negotiating position heading into this decision. The Hurricanes' recent national championship appearance, paired with other big-name programs locking in major apparel deals this year, gave Miami real leverage. Adidas was given a chance to match Nike's offer but ultimately came up short.

The new deal is expected to pay Miami more than $20 million annually, with roughly two-thirds coming in cash. That's a significant jump from the $6.5 million a year Miami currently earns through Adidas.

Miami-based sneaker shop SoleFly has already confirmed a new Air Jordan 4 collaboration is in the works, though it's unclear if it's tied directly to this Nike deal.

Miami Hurricanes x Nike

This deal fits into a bigger wave of major programs switching apparel brands lately. Penn State and Tennessee both signed large new deals with Adidas earlier this year, which reportedly helped set the market Miami used to its advantage.

Nike returning to Miami also reopens the door for more Jordan Brand activity tied to the school. SoleFly's confirmed Air Jordan 4 project adds fuel to that idea, even without confirmation it's connected to the university itself. Given Miami's deep sneaker culture, a switch like this could lead to plenty of new player-exclusive footwear down the line.

For now, the Hurricanes stay in Adidas gear through their current contract. Once Nike officially takes over, don't be surprised if this partnership brings a noticeable shift to Miami's sneaker presence both on and off the field.

About The Author
Benjamin Atkinson is a sneaker content writer at HotNewHipHop, where he has been covering the latest sneaker releases and industry news since 2023. With a deep understanding of the sneaker market, Ben regularly reports on exclusive sneaker drops, collaborations, and trends shaping the footwear world. From covering the return of top Nike releases to writing about Travis Scott's famous Air Jordan collaboration, Ben delivers in-depth content for the sneakerhead community. He also brings valuable insights from his former sneaker reselling business, Midwest Soles, which sharpens his expertise on the market.

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