You can skip this unless you're an athletics business wonk. Or just curious.
A few things about the deal with adidas, announced by FIU in January as a five-year deal worth around $2.6 million:
*FIU gets adidas footwear, clothes, equipment and accessories, but not for free. They get sort of a Costco deal on stuff -- shoes at 45 percent off retail price; clothes, equipment and accessories 50 percent off retail for everyone but baseball/softball, which gets only 37.5 percent off The Price is Right price. But baseball/softball gets theirs elsewhere, as you’ll soon see. FIU must spend at least $300,000 each year, which is air hockey money for a properly-funded Division I athletic program.
*If FIU does spend $300,000 each year, it gets an additional $260,000 retail value of adidas product (stuff) in 2015-16, 2016-17, 2017-18, $285,000 in 2018-19 and $310,000 in 2019-2020.
*For the football team using adidas footballs in practices and games, FIU gets $10,000 retail value of product each year.
*Under “Athletic Department Fund Raising”, adidas gives FIU $15,000 of retail product value each year.
*There’s various bonuses for team achievement and Coach of the Year. The largest realistically attainable one is $20,000 retail value product for a football team bowl appearance.
*Baseball gets the most extra stuff. Softball will get the same stuff in “an amount to be agreed upon when Adidas introduced these hardgoods” according to the contract. (Yes, I think it should be “introduces” but I’m quoting directly from the contract, so…)
Each year, FIU Baseball gets:
Up to 48 wood bats, up to 42 non-wood bats, 6 aluminum fungo bats, up to 36 fielder’s gloves, up to 40 wheeled locker equipment bags, up to 40 individual duffel bags, 6 coach’s briefcases, 5 wheeled catcher bags (two to be used for equipment), up to 96 pairs of batting gloves (replaced by wear and tear), up to 96 pairs of wristbands, up to 25 batting helmets, up to 6 sets of catching gear.
432 fitted baseball hats
$34,000 retail value of free product.
$4,000 retail value of free product for the head coach
The only other individual in the athletic department who gets free product is the athletic director, who gets $10,000 retail value of free product each year.
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