Redenbacher
Well-known member
The Memphis / Fedex NIL deal is big -$5 million per year plus an additional $2.5 million in matching NIL funds. And it's all aimed at getting Memphis into a Power 5 conference.
The annual $5 million NIL contribution from FedEx also includes a 50% match clause, according to Veatch. He said the university will start a campaign to raise an additional $2.5 million per year, and "we believe that is very attainable based on where we’ve been in the past."
University officials have not been shy about their efforts to move Memphis out of the American Athletic Conference and into a "power" league.
FedEx announces landmark NIL commitment to Memphis athletics worth millions. What we know
FedEx announced a major NIL deal for University of Memphis athletes Friday that could significantly bolster the trajectory of the athletic department.
www.commercialappeal.com
The annual $5 million NIL contribution from FedEx also includes a 50% match clause, according to Veatch. He said the university will start a campaign to raise an additional $2.5 million per year, and "we believe that is very attainable based on where we’ve been in the past."
University officials have not been shy about their efforts to move Memphis out of the American Athletic Conference and into a "power" league.