BTN.com staff, BTN.com staff, July 6, 2015

The University of Michigan has reached an agreement in principle with Nike to become the Wolverines? official athletic footwear, apparel and equipment provider to 2027, with an option to extend the deal to 2031.

The partnership commences August 1, 2016 and will see Nike supply all 31 of U-M?s athletics programs with uniforms, footwear, apparel and equipment. U-M and Nike also will collaborate throughout the agreement on innovation initiatives in sports technology, design and best practices.

?After careful consideration, the right partner for the University of Michigan was Nike," said interim athletic director Jim Hackett. "This decision, this partnership is about more than Michigan athletics; at the core, it is about our University community and it is about two great names reuniting for an opportunity that speaks to more than uniforms and apparel."

This isn't the first time Michigan and Nike have partnered, as Nike outfitted the Wolverines before they agreed to a then-record deal with Adidas in 2007.

Read the full release at mgoblue.com.

The decision was a very popular one:

https://twitter.com/TheSupremeTaco/status/618165639593754624