Under Armour Agrees to Pay $67.5 Million to Settle UCLA Suit
Under Dog and UCLA have settled dueling lawsuits in CA state court over the early termination of the 15-year $280 million sponsorship and UA will pay the school more than $67 million. The settlement voids the original suit for breach of contract as well as UA’s countersuit while injecting a non-disparagement clause for both parties. Both UCLA’s suit and UA’s countersuit have been dismissed as part of the settlement.
Originally inked in 2016, the deal was the largest school sponsorship agreement in history, topping Nike’s $252 million deal with Ohio State. But ... Log in to view full article.