NC State athletics and the German-based footwear and apparel company announced a six-year contract extension Tuesday morning. The Pack signed a department-wide four-year deal with adidas in 2012 that was worth $3.025 million annually in financial considerations, apparel and equipment.
The new six-year contract for a total of $38.7 million more than doubles those annual figures. NC State will now receive an average of $6.45 million yearly, a figure that ranks among the highest in all of collegiate athletics.
“We are pleased and appreciative that our enhanced partnership with adidas will allow us to better provide for our 550 student-athletes participating in 23 varsity sports,” said NC State Director of Athletics Debbie Yow in the prepared statement released by the university.