Under Armour signs record deal with UCLA: L.A. Times

Under Armour Inc. has signed a 15-year, $280 million contract with UCLA, the Los Angeles Times reported, citing university officials. UCLA will receive $15 million up front, then receive about $11 million each year in rights and marketing fees, the report says. The deal is expected to be announced at noon Tuesday. UCLA has a contract with Adidas that's set to expire next year. The brand has a 10-year, $90 million deal with Notre Dame, signed in 2014. Under Armour shares are up 2.5% in Tuesday trading, but down 8.2% for the year so far. The S&P 500 is up 1.5% for the year to date.

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