Under Armor: Sportswear company wants to end deal with UCLA

Under Armor has informed UCLA that it is seeking to terminate its 15-year, $ 280 million clothing and footwear contract with the university, the sportswear brand confirmed in a statement Saturday.

The record-setting agreement dates back to May 2016, when the two parties reached an agreement that went into effect in July 2017 and ended UCLA’s previous affiliation with Adidas. The 15-year, $ 280 million contract broke the previous record for footwear and apparel contracts, beating Nike and the state of Ohio’s 15-year, $ 252 million contract earlier that year.