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.
Iris Law puts on a very leggy display as she steps out wearing tiny grey shorts in West Hollywood
AP Week in Pictures: North America
Alleged homicide suspect fatally shot by police in San Francisco Bay Area
For the world's largest democratic exercise, one village's polling officers are all women
Irina Shayk the sizzling supermodel rocks saucy triple
Archie Cooley, the college football coach whose innovative offense launched Jerry Rice, has died
Exiled opposition official asks Hun Manet to help clear 2022 charges — Radio Free Asia
Has Salman Rushdie changed after his stabbing? Well, he feels about 25, the author tells AP
US deports about 50 Haitians to nation hit with gang violence, ending monthslong pause in flights
Larry David reunites with onscreen ex
Group condemns 'humiliating searches' by security at Barcelona stadium