UCLA appears to be close to inking the most lucrative apparel deal for a college athletic department in history.
The consensus from various sources close to the apparel companies is that Under Armour is proposing $20.8 million per year, all in. Adidas's bid, according to sources, currently stands at $20 million.
Either deal would best the record-setting deal struck by Texas with Nike last year -- a deal worth $250 million over 15 years, which equates to a little over $16 million per year. That deal beat out the previous high set by Michigan's deal with Nike, which calls for a total of $169 million over 11 years, about $15.4 million per year.