Notre Dame, Ohio State announce lucrative jersey patch sponsorship deals on the same day
Summary
Notre Dame and Ohio State have each signed large deals to put sponsor patches on their sports uniforms. Notre Dame’s deal with SoFi is worth about $18 to $20 million, and Ohio State’s deal with JPMorgan Chase is about $17 million per year. These deals come as schools find new ways to make money with changes allowing players to earn from their names and images.Key Facts
- Ohio State signed a multiyear jersey patch deal with JPMorgan Chase, reportedly $17 million annually.
- Notre Dame made a jersey patch deal with SoFi Technologies valued between $18 million and $20 million.
- The SoFi partnership includes a $1.4 million yearly fund to support scholarships and student-athlete development.
- Both deals cover all varsity sports uniforms for the schools.
- A recent $2.8 billion federal settlement allowed schools to pay players from licensing deals.
- Notre Dame’s “4 for Forever” campaign supports student-athletes with scholarships, financial education, and career help.
- Ohio State’s athletics director emphasized that the deal supports the competitiveness and tradition of their programs.
- Other universities have also started signing jersey patch sponsorship deals.
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