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Nebraska, Adidas Working Towards Huge Contract Extension

Nebraska football could be sticking with adidas for the foreseeable future.

The Huskers are reportedly working with the apparel giant on a new 11-year deal that could just about triple the existing contract.

Between cash and the value of the apparel, the deal would reportedly worth a total of $128.659 million.

From the Lincoln Journal Star:

According to the agenda for the Friday, Aug. 11, Nebraska Board of Regents meeting, the board will be asked to approve an 11-year agreement with the apparel giant that will pay the university nearly $129 million.

According to the agenda’s explanation of the possible agreement, Adidas would pay Nebraska $64 million in cash and provide $64.659 million in athletic apparel and equipment for a total of $128.659 million.

The school has been with adidas since 1995, and is one of the company's most high-profile partners. This new deal would reportedly feature four and seven-year 'look-ins' which could result in further contract adjustments as well.

[Lincoln Journal Star]