MEMPHIS (AP) — FedEx on Friday pledged $25 million over the next five years to be used in sponsorship deals with University of Memphis athletes, a huge boost for the school’s name, image and likeness compensation efforts.
The Memphis-based shipping giant said the program will initially focus on football, men’s and women’s basketball and other women’s sports. The deal was facilitated by Altius Sports Partners, a company that works with dozens of schools on NIL activities.
The deal is for $5 million per year, an especially significant sum for a school that does not play in a wealthy power conference. The Tigers compete in the American Athletic Conference.
“This gives us an opportunity to invest in bright, young athletes in our great hometown of Memphis, strengthening our connection to the next generation of leaders,” FedEx executive vice president and chief marketing officer Brian Phillips said in a statement.
Related articles:
Related suggestion:
Xi leads China in boosting tech selfXi encourages customs workers to better serve nationNick Lodolo stars in return as the Reds beat the lightPeople mourn for victims killed in Moscow terrorist attack in St. PetersburgRussia says Moscow terror attack suspects planned to flee to Kiev for rewardChinese vice premier stresses deepening SOE reformState Council meeting studies policies to sustain economic recoveryIndia's top court refuses to hold appointment of election commissionersMiro Heiskanan, Jason Robertson lead Stars past Kraken 3Indian gov't steps in as Vistara airline cancels, delays flights
2.9098s , 6514.9375 kb
Copyright © 2024 Powered by FedEx pledges $25 million over 5 years in NIL program for University of Memphis athletes ,International Investigation news portal