Reader and occasional commenter RaleighwoodDawg sends along one of those “it’s what’s on the front of the jersey that matters” stories.
UNC has had a long working relationship with Nike and is close to completing a new, highly lucrative deal with the sports apparel giant.
The current Nike contract, worth about $36.85 million to the university the past 10 years, is a public record. Financial details of the upcoming extension, likely to be for 10 years and expected to be signed this month, also will be made public.
UNC basketball coach Roy Williams and football coach Larry Fedora have separate, personal service contracts with Nike but are not required to disclose the value of their deals.
Personal service contracts? Um… wait… I thought you said…
UNC athletic director Bubba Cunningham said the coaches’ personal services contracts are allowed by the university.
“The University’s agreement with Nike recognizes that coaches may enter into personal services agreements with Nike,” Cunningham said. “The University has determined that those agreements do not present a conflict of interest.”
Asked if Williams’ lengthy association with Nike – Williams had a Nike deal while coach at Kansas – in any way influenced negotiations for a new apparel contract, Cunningham said, “No, it did not.”
Cunningham said he is “familiar” with the terms of each coach’s personal contract, saying he reviews the agreements but does not retain copies.
Sounds perfectly kosher to me, at least as long as you can ignore that whole conflict of interest thing. Which it appears the AD has no problem doing. For coaches, that is. It would be a complete disaster to let a player sign one of those puppies. College sports must be pure!