Maryland
University of Maryland, Under Armour continue partnership via 12-year, $98 million contract extension
Taking its “Protect This House” slogan seriously, Under Armour is pushing its relationship with the University of Maryland to the next level even as it pulls back on similar deals nationwide.
The state’s flagship university and the Baltimore-based sports apparel and footwear maker launched by former Terps football player Kevin Plank have agreed on a new contract that will provide $98 million to Maryland over 12 years. The deal would begin July 1 and run through June 30, 2036.
The proposal will be reviewed Friday by the University System of Maryland’s Board of Regents.
“The University of Maryland, like Under Armour, is special. We will forever be connected thanks to our brand quite literally being born on the field in College Park, so this extension further solidifies our commitment,” said Plank, Under Armour’s executive chairman. “Through this partnership, we will continue to gain access to not only Maryland’s athletes, but also their entrepreneurial mindset and common passion for innovation. The proximity to Baltimore and the elite level of talent they attract as the state’s flagship institution gives us further reason to be excited.”
Terps athletic director Damon Evans said the sides have been working on the extension over the past nine months.
“We value our partnership with Under Armour,” Evans said. “There’s a lot of pride in being able to represent a brand that is built in this state, a brand that was founded by someone who went to this institution, someone who has been a great partner, someone who has played football here. So this is really a good deal for all concerned, and as we like to say, we believe it’s an iconic deal.”
With an annual price tag of almost $8.2 million, Maryland joins an exclusive tier of colleges and universities with deals believed to range from $8 million to $10 million per year. As of 2023, that group included Notre Dame and Wisconsin (Under Armour), Michigan, Ohio State and Texas (Nike), and Kansas, Louisville and Nebraska (Adidas).
Over the past several years, Under Armour has pulled back on what was an ever-growing portfolio of schools. The company ended partnerships with Cincinnati, Hawaii and UCLA. Auburn and California left for Nike, and Boston College went to New Balance, but Under Armour continues to maintain sponsorships with South Carolina and Utah.
The brand’s pullback has come as it has retrenched and restructured amid stalled sales, particularly in its key North American market.
Although the Terps did not open a bidding war with other athletic brands, Evans said he is pleased with Under Armour’s offer.
“We had a relationship with what we believe to be an iconic brand, and we were able to sit down and get a deal that we believe was to our liking and our value,” he said. “I would tell people this: don’t mistake this as we’re not assessing the marketplace and understanding what institutions were getting and understanding the deals that are out there. We did all of our due diligence. This wasn’t something that we took lightly. In doing our due diligence, we were able to find out what like programs were getting, and we found where we fit in the marketplace, and we made a decision based on that.”
The new contract would dwarf the previous 10-year partnership between the entities. That contract, which has been in place since July 1, 2014, and expires June 30, guaranteed nearly $33 million in rights fees and athletic apparel from Under Armour to the Terps.
Evans attributed the extension’s increase in value to the university’s triumphs in sports.
“We’ve had a lot of success at the University of Maryland,” he said. “Since we’ve joined the Big Ten [in 2014], we’ve won 49 championships, and I wanted them to know that. I believe we were one of the founding schools for Under Armour, and I believe that our football program and our basketball programs — which gain the most visibility — have continued to improve.”
While “certain elements” of the revenue will go to the department’s marketing fund, Evans said the rest has not been earmarked for specific projects or teams. He said he thinks the contract will help both sides continue to develop products that benefit the school’s athletes and consumers in the general public.
“When you talk about deals of this size and this magnitude, the length of the deal shows a strong commitment on their part as well as a strong commitment on our behalf,” he said. “And watching them continue to innovate and add more things to their products and make things better, this is significant for us because when you have deals like this, it allows us to provide our student-athletes and our coaches with the things they need to be able to compete at the highest level, and that’s what we want to be able to continue to do.”
Plank echoed that sentiment in his statement.
“We believe what makes this 12-year extension so unique is the ability to use them as a resource for building our team and testing our product,” he said. “Utilizing Maryland teams and athletes as true proof points for some of our most important athletic innovation breakthroughs. Together, we will lock arms and work to make ALL athletes better through passion, design, and the relentless pursuit of innovation.”
The tie between Maryland and Plank, Under Armour’s founder and chief executive officer, is well-publicized. Plank is a 1996 graduate who walked onto the football team and has been a vigorous supporter of the school’s athletic programs.
Evans said he cherishes the opportunity to maintain a partnership with a graduate and strengthen an in-state brand.
“They continue to be a partner, and our relationship is mutually beneficial,” he said. “It’s a Maryland-based company, and I believe in trying to do business with institutions within the state of Maryland. And obviously, Kevin Plank is someone who has been a great partner and alum as a former football player here and great ambassador and great friend and great contributor to our overall success. So all in all, this is great for the University of Maryland, and I’m excited to continue the relationship.”
Maryland
Maryland crab prices climb as catches fall
MARYLAND (WBFF) — Art D’Amico remembers when a bushel of crabs cost about $35 in the mid-1970s. Today, the president of the Annapolis Anglers Club pays nearly $400 a bushel — a price he says has climbed by at least $150 in the past five years.
“Everything’s more expensive,” said D’Amico, who has been involved in Chesapeake Bay fishing and crabbing since 1973, adding that he’s never seen crab prices like this before.
The soaring cost reflects more than inflation. Watermen, seafood dealers and economists say higher operating costs, shifting markets and concern about Maryland’s blue crab population are pushing prices higher, making one of the state’s signature summer traditions more expensive. But many Marylanders are still buying crabs, even at record prices.
“It’s definitely not what we’re accustomed to this time of year as far as quantity and price,” said John Ecker, a managing partner of Conrad’s Crabs, which has four locations in Maryland. “I’ve been here for 19 years doing this and, yeah, they’re getting higher.”
Read the full story on The Baltimore Sun.
Maryland
MD woman sentenced to 2 years, $6.8M restitution in multi-million-dollar laundering scheme
MARYLAND (WBFF) — A Maryland woman was sentenced to two years in prison for her involvement in a multi-million-dollar money laundering scheme, the U.S. Attorney’s Office of Maryland announced on Friday.
Fatoumata Boiro, 32, of Largo, will serve two years in prison, followed by two years of supervised release, and has also been ordered to pay $6,838,558.31 in restitution.
Boiro was found guilty of conspiring to engage in a large, multi-member money-laundering operation. She pled guilty to being involved in the conspiracy and acknowledged that at least $3 million was laundered through her direct participation.
From 2021 through February 2024, she and several other individuals laundered proceeds from a significant wire fraud scheme, according to court documents.
Court documents revealed that the conspirators engaged in various financial transactions to conceal the source, ownership, and control of the wire fraud proceeds, as well as their location.
ALSO READ | Former AACO police officer sentenced in insurance fraud scheme involving fake car thefts
The victims of this scheme included government agencies, organizations, and companies, such as an environmental trust, an urban redevelopment program, a medical center, a transportation company, a logistics company, a school district, a college, and a county government, officials reported.
Boiro and her co-conspirators created limited liability companies to act as shell entities, opened bank accounts in the names of these entities, and received and laundered funds from fraudulent activities.
Fourteen defendants have been charged in connection with the money-laundering conspiracy, with 13 already pleading guilty.
Officials reported that Faizou Gnora, 28, formerly of Alexandria, Virginia, remains at large.
The following includes the individuals previously sentenced:
- Yahya Sowe, 42, of College Park, to 114 months in prison, followed by three years of supervised release, restitution of $13,050,827.03, and forfeiture of $1 million
- Bright Boateng, 45, of Bladensburg, Maryland, to 108 months in prison, followed by three years of supervised release, restitution of $1,247,950, and a forfeiture of $431,750
- Victor Killen, 33, of Hyattsville, Maryland, to 63 months in prison, followed by three years of supervised release, restitution of $7,070,656.46, and a $3-million forfeiture order
- Gedeon Agbeyome, 31, of Montgomery County, Maryland, to 72 months in federal prison, followed by one year of supervised release, along with restitution of $2,938,424.65, and a $2.8 million preliminary order of forfeiture
- Lawrence Ogunsanwo, 33, to 40 months in federal prison, followed by one year of supervised release, and restitution of $5,648,816.23
- Lakeisha Parker, 33, of Baltimore, to 36 months in federal prison, followed by three years supervised release, and restitution of $8,306,930.95
- Martin Ogisi, 37, of Severn, Maryland, to 33 months in federal prison, followed by one year of supervised release, restitution of $11,077,044.17; and a $500,000 forfeiture order
- Kevin Colon, 34, of Curtis Bay, Maryland, to 27 months in federal prison, followed by two years of supervised release, restitution of $2,515,159.63, and a $214,518.42 forfeiture order
- Areal Harris, 27, of Hanover, Maryland, to 24 months in federal prison, followed by one year of supervised release, and restitution of $3,159,482.83
- Emily Gil Arias, 29, of Silver Spring, Maryland to 24 months in federal prison, followed by one year of supervised release, and restitution of 2,102,919.27
- Lorena Perez Herrera, 29, of Washington, DC, to 24 months in federal prison, followed by one year of supervised release, and restitution of $1,473,125.58
- Blondel Ndjouandjouaka, 31, of Silver Spring, Maryland, to 24 months in federal prison, followed by one year of supervised release, restitution of $733,941.48, and a $757,562.63 forfeiture order.
Now, Boiro will spend the next two years in prison.
Maryland
Justice Department sues Maryland over immigration policies
(Photo by Celal Gunes/Anadolu via Getty Images)
WASHINGTON – The Department of Justice is suing Maryland and State Attorney General Anthony Brown, alleging the state’s “sanctuary” policies hinder the enforcement of federal immigration laws.
The lawsuit claims that Maryland’s sanctuary policies are illegal under federal law and that the state’s “refusal to cooperate with federal immigration authorities” has had negative consequences for immigration law enforcement officials.
What we know:
According to the lawsuit, the state’s refusal to cooperate has led to facilities refusing to help transfer immigrants to federal custody.
Under the direction of Acting Attorney General Todd Blanche, the DOJ’s Civil Division will identify state and local laws, policies and practices that violate federal laws or impede federal operations.
“When sanctuary jurisdictions enact laws to shield [undocumented immigrants] from federal law enforcement, it is not merely federal law that is violated, but the voices of everyday American voters silenced,” said Associate Attorney General Stanley Woodward.
The lawsuit cites Maryland’s Community Trust Act, a law that went into effect in May, which prevents local law enforcement from holding an individual without a warrant on behalf of U.S. Immigration and Customs Enforcement (ICE). There is an exception for those who commit felonies or sex offenses.
What they’re saying:
The Community Trust Act law sparked pushback from local law enforcement leaders across the state, with 17 of Maryland’s 24 sheriffs suing, and saying the law “undermines public safety and restricts cooperation” between local and federal officials.
“Such blatant disregard for federal laws that have been on the books for decades is not merely a political disagreement or passive abstention; it is deliberate, disruptive action that jeopardizes the public safety for all Americans,” the DOJ lawsuit reads. “The Supremacy Clause of the United States Constitution prohibits a state from obstructing Congress and the Executive in this manner.”
The Source: This information is from a Department of Justice lawsuit.
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