UPDATE: Regents approve 11-year deal with Adidas - News, Weather and Sports for Lincoln, NE; KLKNTV.com

UPDATE: Regents approve 11-year deal with Adidas

Posted: Updated:

UPDATE:  Nebraska University Board of Regents approves 11- year deal contract with Adidas.  

The University will be paid nearly $129 million, around $12 million a year for the extent of the contract.  

We'll have more on the Channel 8 Eyewitness News at 5 and 6.

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LINCOLN, Neb. (AP) - The Nebraska Board of Regents is set to approve an 11-year deal with athletic apparel giant Adidas that will pay the university nearly $129 million in cash and product. The deal would triple the university's current contract with Adidas, with the company paying Nebraska $64 million in cash and providing $64.7 million in athletic apparel and equipment.

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