Louisville inks new Adidas deal through 2018-19

Louisville has been with Adidas for 16 years
Louisville has been with Adidas for 16 years. (USATSI)

Louisville will continue its relationship with Adidas, announcing a new five-year shoe and apparel deal projected to be worth $39 million.

"Adidas has been a loyal partner for 16 years and I am thrilled that we will continue through this significantly expanded agreement as we move into a new era in the Atlantic Coast Conference," Louisville athletic director Tom Jurich said on Thursday. "The synergies with the sport of soccer and our new stadium, future innovative uniform designs, and the passion adidas displays towards outfitting all of our student-athletes at the highest level nationally make this a model relationship."

According to ESPN's Brett McMurphy, the Cardinals' new deal ranks among the top five in college athletics and just behind Notre Dame and Michigan in terms of Adidas deals. Louisville's previous deal with Adidas paid $2.55 million per year and would've run through 2015. 

The lucrative new deal includes an investment from Adidas into Louisville's entire athletic program. According to the Courier-Journal, Adidas will partner with the school for advertising campaigns, facility expansions, video technology, spirit squad support and even establish an internship program for Louisville students. 

Adidas lost a major draw earlier this year with the departure of Tennessee, but investing in Louisville could end up paying off. In 2012-13 the school celebrated a Sugar Bowl win against Florida, a men's basketball national championship, a women's Final Four and a College World Series appearance. The BCS win/Double Final Four/CWS was a first in major college sports, which is why we don't have a catchy name for it yet. 

Louisville will officially join the ACC on July 1.

CBS Sports Writer

Chip Patterson has spent his young career covering college sports from the Old North State. He's been writing and talking about football and basketball for CBS Sports since 2010. You may have heard him... Full Bio

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