The University of Kansas could look to move away from a verbally-agreed-to contract extension with adidas after this week's huge FBI investigation news.
Kansas is slated to sign a 12-year extension to its adidas deal, upping the contract total to 14 years, $191 million.
While that verbal agreement was made and publicized, but it was not final, as paperwork had not yet been completed.
Just four days after that news was released, the FBI announced its investigation into corruption in college basketball. One of the 10 people arrested on Tuesday was adidas director of global sports marketing Jim Gatto. Now, Kansas could make a move to alter the terms of the contract with the apparel giant.
Associate athletic director Jim Marchiony spoke about the issues, via The Kansas City Star:
“There are details that still have to be worked out in the contract. But it’s nothing that would prevent the contract from being signed,” Marchiony said. “The other part of it is continued discussions about the news that has come out this week. We’ll continue talking to Adidas about that, and we’ll see what happens.”
“Time will tell whether this news or any other news will change that status,” Marchiony said.
At this point it seems like Kansas is probably set to reup with adidas, but if more comes out on the adidas side of this scandal, it isn't crazy to think that the school might try and weigh other options.