Adidas, Penn State and James Franklin
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David Kleppinger, chair of Penn State's Board of Trustees, and vice chair Rick Sokolov signed the statement, which referenced "false rumors" and called a suggestion that Kraft acted irresponsibly in negotiating the deal "reprehensible." Penn State posted the statement on its website after Saturday's loss at Beaver Stadium.
Two Penn State trustees release a statement responding to "rumors and misinformation" about the athletic department's apparel deal with adidas.
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Penn State, Adidas Deny Wrongdoing Around $300M Apparel Deal
The school and the brand publicly defended their 10-year deal Saturday. The post Penn State, Adidas Deny Wrongdoing Around $300M Apparel Deal appeared first on Front Office Sports.
Penn State has firmly held priorities. But are they the ones the university wants people to believe? The football team came into the season with the highest rank it has ever held to start the year; it was No.
If the reports are accurate, the Penn State-Adidas agreement will be for 10 years and $100 million. It’s very similar to the deal that Tennessee announced last month with Adidas, which includes “unprecedented” NIL opportunities for athletes in all of the Vols’ sports.
Penn State football is back home for the annual Stripe Out game. Unlike the White Out, fans are being asked to alternate what color they wear based on the section they’re