Yea this whole thing is a shit show and it started years ago with the original adidas contract. The fact that the department was operating without a contract for over a year is negligent. Asbury park article stated the contract was visible on Rutgers website.The apparel contract between Rutgers and BSN won’t be posted to the Rutgers website. Reporters are probably filing OPRA requests for this contract. The university will comply with these requests after a contract is fully signed.
The $30 million includes the five-year extension. This is stated clearly the publicly available document I posted to TKR on Wednesday.
This document is the meeting agenda for last Tuesday’s board of governors meeting in which the board voted on several items including approving the apparel deal.
It read in part, “a five- year term, with one optional five-year extension, with a total estimated value of $30 million (inclusive of the extension term)”.
The document doesn’t state how the $30 million will be paid or which party - Rutgers, BSN, or both - owns the option to extend.
Two other tidbits from the document: 1) Rutgers asked 5 apparel providers to submit proposals and only one, BSN, replied, 2) emergency procurement procedures needed to be invoked so Rutgers teams have uniforms for the fall 2025 season.
I have seen other sources quoting meeting notes stating it is 5 years 30 million. And others quoting as you say 10 year inclusive. Some are interpreting it differently. Can you post the meeting notes here please for reference.