UCLA, Under Armour Agree to Record $280M Deal

The University of California at Los Angeles and Under Armour on Tuesday announced the largest college sponsorship deal in the history of intercollegiate sports. The deal will pay the university's athletic department $280 million in cash and apparel over 15 years, or about $18 million per year. UCLA's previous deal, with Adidas, was worth $7.5 million per year.