Breach of Contract? Not going to happen. I am guessing there

are terms in the contract that prevent VT from opening negotiationw with another company until the final year of the current contract.
However, I will not be surprised if Nike decides to open negotiations early to prevent VT from even considering leaving the fold.

In response to this post by benthokie

Posted: 08/28/2017 at 1:36PM

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

Breach of Contract? Not going to happen. I am guessing there

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