Ohio State signs $252 million deal with Nike

In a press release, Ohio State Athletic Director Gene Smith said, “We approached this as a university contract, not one that’s purely focused on athletics. Under this partnership, every student — whether they play club sports, Division I sports or no sports at all — will be eligible to benefit.”

Ohio State and Nike say the contract will benefit the entire university. It includes “a significant endowment for student scholarships and NIKE internships for both athletes and non-athletes.”