UNC has had a long working relationship with Nike and is close to completing a new, highly lucrative deal with the sports apparel giant.
The current Nike contract, worth about $36.85 million to the university the past 10 years, is a public record. Financial details of the upcoming extension, likely to be for 10 years and expected to be signed this month, also will be made public.
UNC basketball coach Roy Williams and football coach Larry Fedora have separate, personal service contracts with Nike but are not required to disclose the value of their deals. The coaches must file university forms each year outlining any external duties, but financial details of the Nike agreements are not made public or listed on the forms.