• Loading stock data...
Friday, July 18, 2025
    More
    Quick Hits

    Under Armour Drops Out

    By
    Nov 18, 2020 | 09:03 pm
    UPDATED Nov 18, 2020 | 10:16 pm
    Cincinnati
    Sam Greene-USA TODAY NETWORK

    Under Armour will pay $9.75 million to exit its 10-year, $50 million deal with Cincinnati five years before it was set to expire.

    Earlier this year, the company made headlines as it tried to leave its 15-year, $280 million deal with UCLA and its 10-year, $85.6 million deal with Cal. 

    But, UCLA Is Standing Firm:

    • In August, the school sued Under Armour for $200 million in damages.
    • Now, UCLA is covering the company’s logo on jerseys with a “Stand Together” patch.

    From UA’s Perspective: “We’ve continued to make tough decisions across our business to ensure that our base is stable, and we have the agility to return to profitability in the near term,” Under Armour President and CEO Patrik Frisk said during the company’s third quarter earnings call.

    Under Armour beat third quarter expectations, but projects a full-year double-digit decrease in revenue. The company’s shares are down 25% year-to-date.

    UA Collegiate Apparel Deals Include: Auburn, Boston College, Maryland, Navy, Notre Dame, Texas Tech, Utah, and Wisconsin.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read

    (NCL_OSU_11_SUGAR_LAURON 04JAN11) Ohio State Buckeyes quarterback Terrelle Pryor (2) slips around the Arkansas Razorbacks defense during first half of the Sugar Bowl at the Louisiana Superdome in New Orleans, January 4, 2011.
    by

    Terrelle Pryor’s Case for NIL Backpay Dismissed in Court
    Pryor played seven years in the NFL after leaving OSU amid a scandal.
    by

    Judge Rules for NFL, Fanatics Against Small Apparel Seller
    The lawsuit argued the NFL “aids and abets” Fanatics with its strategy.
    Oregon State Beavers quarterback Gevani McCoy (40) hands the ball to his running back Anthony Hankerson (0) during an NCAA football game against UNLV at Reser Stadium on Saturday, Oct. 19, 2024, in Corvallis, Ore.
    by

    Mountain West, Pac-12 Opt to Continue Divorce Proceedings in Poaching Fee Lawsuit
    They could ultimately end up at trial.
    Texas Head Coach Steve Sarkisian waits to lead his team out of the tunnel ahead of the Longhorns' game against the Baylor Bears, Saturday, Sept. 23 at McLane Stadium in Waco.
    by

    Is a Texas Takeover About to Hit the SEC, On and Off..
    The Longhorns are favored to win the SEC in their second year in the conference.

    Featured Today

    Jul 21, 2024; Ayrshire, SCT; Xander Schauffele celebrates with Claret Jug after winning the Open Championship golf tournament at Royal Troon.
    by

    The Boozy History and Traditions of The Open’s Claret Jug
    The Open awards the world’s most famous wine decanter.
    2025 PDC World Darts Championship Final - Luke Littler vs Michael Van Gerwen
    July 16, 2025

    A Teen Darts Prodigy Is Becoming Bigger Than the Game Itself
    Luke ‘The Nuke’ Littler is cashing in on his devastatingly accurate shot.
    May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
    exclusive
    July 13, 2025

    Track’s New Money Is Running Into Old Problems
    The sport’s big-money era has hit some speed bumps in 2025.
    Bobbleheads are seen at Vintage Indy Sports, Tuesday, April 29, 2025 in Speedway. The local sports memorabilia store opened recently.
    July 12, 2025

    Baseball’s Bobbleheads Are the Center of the Collectibles Universe
    Baseball’s most important keepsake drives long lines—and big business.

    More in Quick Hits
    patrick_mahomes
    by

    Super Bowl TV Viewership Sinks 8%
    CBS Sports’ telecast of the Tampa Bay Buccaneers’ 31-9 victory over the Kansas City Chiefs averaged 91.629 million viewers, down 8%.
    person_playing_cricket
    December 23, 2020

    Prominent Tech Execs Line Up to Back Cricket Growth In the U.S.
    More than 20 investors have now bought into American Cricket Enterprise, parent company oMajor League Cricket.
    man_riding_stationary_bike
    December 28, 2020

    Connected Fitness Company Echelon Lands $65 Million Investment
    The funding came from Goldman Sachs and North Castle Partners, who now own controlling interests in the company.
    Sponsored

    Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley
    Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
    woman_holding_hockey_stick
    December 23, 2020

    NBC to Air NWHL Finals, Adds to Banner Year for Women’s Sports
    It will be the first time professional women’s hockey games are shown live on a major national cable network in the U.S.
    antetokounmpo_dribbling_basketball
    December 23, 2020

    ‘Giannis Effect’ Felt by Bucks Following Record-Breaking Extension
    Since he was drafted in 2013, the Bucks’ valuation has jumped from No. 30 in the league at $312 million to No. 19 at $1.58 billion.
    December 22, 2020

    Adam Silver Says NBA Expansion is ‘Manifest Destiny of the League’
    “It’s sort of the manifest destiny of the league that you expand at some point,” NBA Commissioner Adam Silver said Monday.
    December 22, 2020

    Adidas Partners With Jerry Lorenzo, Fear of God Brand
    Lorenzo will lead creative and business strategy for Adidas basketball globally, and launch a Fear of God athletics sub-brand.