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Or better yet. Tell Nike that we want to

renegotiate now in good faith. Hopefully they agree and all is good. If they say "no" than let them know that the they will not be considered for the opportunity to bid in 2022.

But I agree that we can not keep status quo until 2022.

In response to this post by Stech

Posted: 08/27/2017 at 1:09PM

Louisville reaches $16 million per year deal with Adidas. -- HOO86 08/26/2017 09:10AM

IMO NIKE came to the table with a set of built in advantages. -- seekoHoG 08/28/2017 1:22PM

There didn't need to be any negotiations at all. ** -- NokieHokie 08/28/2017 2:54PM

These deals are mostly the value of apparel outfitting and not -- manassashoo 08/27/2017 08:09AM

Typically, about $2 million is apparel, maybe $3 mill max. The rest is cash ** -- Will Stewart

08/28/2017 8:58PM

Umm no. They includes lots of cash. There's not enough apparel to go around -- NokieHokie 08/27/2017 11:39AM

Dont know about UL, but Ohio State's deal includes over $100m cash -- reestuart 08/27/2017 09:56AM

Hoo - That is one depressing post for us VT fans! -- Lakeridgehokie 08/26/2017 12:36PM

We took ourselves to the cleaners. Don't blame Nike. ** -- NokieHokie 08/27/2017 11:39AM

It should be hope at renewal time. How much longer til renewal time? ** -- HOO86 08/26/2017 8:21PM

2022. ** -- Will Stewart

08/26/2017 10:19PM

We should consider breaking the deal and paying the penalty. -- Stech 08/27/2017 07:19AM

If VTFB exceeds expectations this year, a new deal would be more likely. ** -- IB4TECH 08/27/2017 3:45PM

What incentive does Nike have to pay VT more money now -- VTHokie2000 08/28/2017 4:56PM

Promising to drop them ** -- daveinop 08/28/2017 8:04PM

The problem: if VT drops Nike, Buzz Williams will drop VT. -- Will Stewart

08/28/2017 9:00PM

Why would Buzz care so much about Nike? What's in it for him? ** -- hokeyhokie 08/29/2017 09:11AM

Recruiting. Kids want to go to Nike schools. ** -- Will Stewart

08/29/2017 09:14AM

Whit will have to balance that against how much more we'll get... -- EDGEMAN 08/29/2017 1:11PM

They won't offer us another deal like that. I don't think they "offered" us -- NokieHokie 08/29/2017 9:00PM

Mind elaborating on this? -- Hokie `04 09/03/2017 4:08PM

Buzz knows what this is doing to VT including -- daveinop 08/28/2017 9:06PM

not for the same reason, but Yes get CBW to help. he does his own -- HtownHokie 08/30/2017 9:26PM

Or better yet. Tell Nike that we want to -- 133193Hokie 08/27/2017 1:09PM

What's the penalty? Should be pretty easy math to figure out what we'd -- benthokie 08/27/2017 10:35AM

Breach of Contract? Not going to happen. I am guessing there -- seekoHoG 08/28/2017 1:36PM

Paying a penalty that's part of the contract is not a breach ** -- hokeyhokie 08/29/2017 10:06AM

My point, poorly made, was just by opening talks with -- seekoHoG 08/29/2017 11:17AM

If Nike is clever enough to close any loopholes on VT thinking -- VTHokie2000 08/28/2017 5:09PM

Considering how small the contract is, the penalty can't be that bad. ** -- NokieHokie 08/27/2017 11:41AM

~$200 penalty? -- EDGEMAN 08/27/2017 2:54PM

If it's $200, I'll buy out the contract on behalf of VT! ** -- NokieHokie 08/27/2017 3:03PM

Yep. ** -- Will Stewart

08/27/2017 09:17AM

Nike did no such thing. It was a self inflicted monetary wound. -- Atlee Hokie 08/26/2017 4:16PM

Tech will have to live with that contract for another 5 years... -- Old Line Hokie 08/26/2017 7:53PM

Sorry! Didn't see your post further in the thread. ** -- HOO86 08/26/2017 8:22PM

Or better yet. Tell Nike that we want to

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