Under Armour Stomps on Nike's College Football Turf
*By Michael Teich*
The College Football Playoff hasn't even kicked off, but Under Armour is already a winner.
For the first time since the final four-structured championship began in 2014, a non-Nike brand is sponsoring one of the teams that made the playoffs.
This year, that team is Notre Dame and Under Armour is the sponsor.
Under Armour may have stolen a final four sponsorship from Nike, but Nike still has a strong grip on the sport at the college level. Following the selection made by the College Football Playoff committee on Sunday, 19 of the 20 teams that have made the college football playoff since it began in 2014 have featured the Nike swoosh on their jerseys.
Unless there is a power shift, it does not appear that Nike's reign will come to an end anytime soon, as familiar names continue to dominate the championship. Alabama has been in all five playoffs, Clemson has been selected for four in a row, and Oklahoma has made its way into the top four three times.
Beyond Notre Dame, which switched from Adidas to Under Armour in 2014, no other non-Nike branded team was close to being selected for the playoff. Out of the top 25 ranked teams, 21 were sponsored by Nike ($NKE), two by Under Armour ($UAA), and two by Adidas ($ADDYY). The highest-ranked non-Nike school was Utah, which was rated the 17th best team in the nation.
Nike dominance is not limited to college football. The sports retailer had its logo emblazoned on the jerseys of three of four teams in college basketball's 2018 final four, and is the sponsor of eight of the last 10 champions. Nike also scored big during the 2018 World Cup when both France and Croatia entered the championship wearing the swoosh.
Treasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database that collects ownership information intended to help unmask shell company owners. Yellen says the database will send the message that “the United States is not a haven for dirty money.”
A new version of the federal student aid application known as the FAFSA is available for the 2024-2025 school year, but only on a limited basis as the U.S. Department of Education works on a redesign meant to make it easier to apply.
A steep budget deficit caused by plummeting tax revenues and escalating school voucher costs will be in focus Monday as Democratic Gov. Katie Hobbs and the Republican-controlled Arizona Legislature return for a new session at the state Capitol.
The first U.S. lunar lander in more than 50 years is on its way to the moon. The private lander from Astrobotic Technology blasted off Monday from Cape Canaveral, Florida, catching a ride on United Launch Alliance's brand new rocket Vulcan.
Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022, when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N. Food and Agriculture Organization said Friday.
Wall Street is drifting higher after reports showed the job market remains solid, but key parts of the economy still don’t look like they’re overheating.
The Biden administration is docking more than $2 million in payments to student loan servicers that failed to send billing statements on time after the end of a pandemic payment freeze.
The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American job market remains resilient even in the face of sharply higher interest rates.
A U.S. labor agency has accused SpaceX of unlawfully firing employees who penned an open letter critical of CEO Elon Musk and creating an impression that worker activities were under surveillance by the rocket ship company.