Under Armour has informed UCLA that it is looking to terminate its 15-year, $280 million apparel and footwear contract with the university, the sports apparel brand confirmed in a statement Saturday.
The record-breaking deal dates back to May 2016, when the two parties came to an agreement and ended UCLA's previous affiliation with Adidas. The 15-year, $280 million contract broke the previous record for shoe and apparel contracts, beating Nike and Ohio State's 15-year, $252 million deal from earlier that year.
In its statement, Under Armour expressed that it has not received certain marketing benefits from the Bruins' program to which it is owed.