MEMPHIS (AP) — FedEx on Friday pledged $25 million over the next five years to be used in sponsorship deals with University of Memphis athletes, a huge boost for the school’s name, image and likeness compensation efforts.
The Memphis-based shipping giant said the program will initially focus on football, men’s and women’s basketball and other women’s sports. The deal was facilitated by Altius Sports Partners, a company that works with dozens of schools on NIL activities.
The deal is for $5 million per year, an especially significant sum for a school that does not play in a wealthy power conference. The Tigers compete in the American Athletic Conference.
“This gives us an opportunity to invest in bright, young athletes in our great hometown of Memphis, strengthening our connection to the next generation of leaders,” FedEx executive vice president and chief marketing officer Brian Phillips said in a statement.
Claire Danes carries umbrella for bundled
Prominent surgeon says he was denied entry to Germany for a pro
Eight buffaloes in Kenya electrocuted after walking into low
How immigrant workers helped stave off a US recession
2 suspects detained in Poland for attack on a Navalny ally in Lithuania
Maryland program to help Port of Baltimore businesses retain employees begins
Belarus convicts a famous dissident rock band and sentences its members to correctional labor
Samuel L. Jackson reunites with Pulp Fiction co
Atlanta or Afghanistan? Wild shootout breaks out at gas station with one gunman wielding an AK
The bodies of 4 women have been found in a migrant