FedEx has announced a significant investment in the University of Memphis athletics through a Name, Image, and Likeness (NIL) program. The company, headquartered in Memphis, will provide $5 million annually over the next five years, totaling $25 million. This funding will support student-athletes across various sports, including football, men's and women's basketball, and other women's sports. Memphis Athletic Director Laird Veatch highlighted the deal as a major step forward, stating, 'We are obviously thrilled,' and noted the initiative's potential to enhance the university's ability to compete in the NIL landscape. The initiative also includes a strategic partnership with Altius Sports Partners to facilitate the deal, with FedEx selecting the student-athletes who will promote company initiatives.
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FedEx on Friday dropped $25 million to back name, image, and likeness (NIL) deals at the University of Memphis. NIL means athletes can cash in on their own brand, scoring endorsements and other opportunities. https://t.co/JGVLPwyOEX
Seth Henigan on the FedEx deal: "It's just huge for our athletics and every single program we have at Memphis...thank you FedEx and shoutout FedEx."
Memphis, FedEx Strike Unique Corporate NIL Deal For $25 Million MORE: https://t.co/RmMHz3JtsO https://t.co/B3XPDMq4O6
Why FedEx's $25 million NIL push is 'massive step forward' for Memphis Tigers sports https://t.co/wV2w3rMSmD
FedEx has entered the NIL airspace with historic $25 million partnership with Memphis athletics. The monumental move could be a blueprint for other schools to fund their NIL and force Power-4 conferences to take another look at the Tigers Read: https://t.co/cKeVPosV1N https://t.co/16CrNfkwbJ
FedEx on Friday pledged $25 million over the next five years to be used in sponsorship deals with University of Memphis athletes, a huge boost for the school's name, image and likeness compensation efforts. https://t.co/Ds8nkrkJsr
FedEx pledges $25 million over 5 years in NIL program for University of Memphis athletes https://t.co/9RMhu9kEqs
One more reason Memphis deserves to be in the Big 12 or ACC -- $25 million NIL investment from FedEx. https://t.co/7JyVpmwlZn
FedEx launched its NIL initiative with Memphis by releasing a minute-long video on Friday morning. Here's the full list of Tigers athletes featured. There are athletes from football, volleyball, men's basketball, women's basketball and women's soccer. https://t.co/LQzkaUWgRt
This is awesome for Memphis. Really a game-changer. Not that it's a lot of money for FedEx (and their stock is up today) but I can't imagine I'd be jazzed about this as a shareholder of a public company https://t.co/x3tQar6BgI
FedEx has announced a paradigm shifting investment into @TigersAthletics NIL, totaling $25 million over the next five years. https://t.co/LzMUefkq2U
FedEX to fund $5 million in Memphis NIL contracts over next five years https://t.co/rMLDlysM3z
FedEx has announced a massive NIL investment in Memphis Athletics—$5 million a year for the next five years across football, basketball, and other women's sports. It's believed to be the largest corporate NIL deal of its type in college sports. https://t.co/rdrc9IcwvB
Memphis AD Laird Veatch on @929espn: "This is probably one of the few sustainable ways that NIL can move forward. We have to be in position to unlock opportunities like this and make pathways for more companies to come in and (back) our student-athletes."
For those wondering which Memphis student-athletes will get some of this FedEx NIL pie, Memphis AD Laird Veatch says on @929espn that FedEx will be the one selecting the student-athletes that will promote company initiatives.
Wow. That’s huge for Memphis. That’s two major steps by FedEx that I didn’t see coming when I left the city. Donating to the football stadium renovations and now this $25M NIL package the next 5 years https://t.co/lcQY2Xcqvt
Nicholas Jourdain (@Swiish_Alert) makes an appearance in FedEx's announcement video. Memphis football's Seth Henigan, Memphis women's basketball's Raven Sims and other Tiger athletes also featured. https://t.co/OsIe4csuaR
"We are obviously thrilled," Memphis AD Laird Veatch told The Daily Memphian. "FedEx has been a major supporter of the university for a long time, but this is obviously taking it to a whole new level with direct support to student-athletes." More in story below ⤵️ https://t.co/WfWy5BFy2W
We are proud to support University of Memphis student-athletes with our new NIL program initiatives, giving us the opportunity to invest in bright, young talent in our great hometown of Memphis. #GTG 🐯 @TigersAthletics https://t.co/URmT8itSQq
"This gives us an opportunity to invest in bright, young athletes in our great hometown of Memphis, strengthening our connection to the next generation of leaders." Details of FedEx's historic NIL commitment to University of Memphis athletics: https://t.co/diKSqcgwJa
Big time NIL deal news this morning: FedEx is pledging $5 million per year over the next five years to Memphis. The money is earmarked for football, men's and women's basketball and other women's athletic programs. Altius Sports Partners helped facilitate the deal.
FedEx is committing $25 million over the next five years to Memphis’ NIL efforts. The brand is making a huge financial commitment to its hometown university. FedEx’s investment guarantees Memphis can compete in the NIL landscape. via @PeteNakos_: https://t.co/d3Ha3Z1Mdt https://t.co/iGL483GKp3
COLUMN: Is the college sports world paying attention to what’s happening at Memphis? It should be. Why FedEx's $25 million NIL push is a 'massive step forward' for Memphis sports https://t.co/pMJtzl7ko2
FedEx is giving Memphis $5 million a year for its NIL program. https://t.co/5LFg6OBez4
FedEx is giving Memphis $5 million a year to use on NIL. That’s a massive deal especially for a non-P4 school https://t.co/WvEo9O7Bcv
Memphis and FedEx have partnered on a gigantic NIL deal, with FedEx investing $5 million annually for five years. It will initially be focused on football, M/W basketball, and additional women’s sports. "We've got some pretty tremendous momentum," AD Laird Veatch told me.
Breaking: FedEx announced a major NIL deal with the University of Memphis. The company will commit $5 million a year for the next five years to Tigers' student-athletes playing football, MBB, WBB and other women's sports. Major, major news. With @munzly: https://t.co/45PIwHSJO4
Significant & unique NIL deal announced: FedEx is investing $5 million this year in Memphis athletes as the first of a 5-year commitment. Players earn NIL by supporting initiatives from FedEx (headquartered in Memphis). UM-FedEx worked with Altius Sports Partners in facilitating
BREAKING: FedEx has announced a landmark NIL program for University of Memphis athletics that is worth millions https://t.co/iUPDYJoX7i
FedEx Commits $25 Million to Memphis NIL in Corporate First https://t.co/SlFSSym4hj