The Athletic Department announced the completion of a new 7 year deal with Nike late yesterday. The press release states Nike will remain the the exclusive provider of footwear and apparel for all 36 varsity sports. In total, that amounts to $2.34 million per year and over $16 mil of product over the length of the deal. OSU will also receive over $8 mil for brand exclusivity. The stated total value of the deal is $26.1 mil not including team bonuses or licensing revenues.