Report: UCLA reaches $67 million settlement with Under Armour
According to The Los Angeles Times’ Ben Bolch, Under Armour has agreed to pay the Bruins $67.491 million in a settlement to resolve the legal battle between the two sides that officially ended this week.
The settlement, according to Bolch, was reached in May.
Reports emerged on Thursday that UCLA and the sportswear giant had agreed to drop dueling litigation against each other in a legal fight that began back in 2020 when the university sued the company alleging that UA wrongfully reneged on its $280 million sports apparel deal with the school.
A lawyer for the UC Regents acting on behalf of UCLA filed court papers with Santa Monica Superior Court Judge H. Jay Ford III asking that all litigation be dismissed “with prejudice,” meaning they can’t be refiled.
Initially, UCLA sought upwards of $200 million after in its suit after alleging Under Armour backed out of what, at the time, was the most lucrative athletic apparel deal in collegiate athletics history. UCLA sued on the grounds of breach of contract, breach of implied covenant of good faith and fair dealing, and promissory estoppel.
After a judge rejected Under Armour’s motion to dismiss the suit in August of 2021, the company filed a countersuit against UCLA claiming the Bruins failed to provide marketing benefits during the suspension of college sports in 2020.
The Bruins are currently outfitted by Nike’s Jordan Brand as part of a six-year, $46.45 million deal that was announced in December of 2020.