Under Armour reaches $86M deal with UC Berkeley

Under Armour and the University of California-Berkeley reached a 10-year deal valued at $86 million.

The deal that starts with the 2017-18 academic year includes a $3 million signing bonus, $3.5 million in cash per year and an average annual product allowance of $4.8 million.

Under Armour will outfit the school's 34 official club sports teams, as well as offer a discount to faculty and students.

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