FedEx pledges $25M to NIL program at Memphis

Associated Press Apr 19, 2024, 11:04 AM ET MEMPHIS -- 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. The Memphis-based shipping giant said the program will initially focus on football, men's and women's basketball and other women's sports. The deal was facilitated by Altius Sports Partners, a company that works with dozens of schools on NIL activities. The deal is for $5 million per year, an especially significant sum for a school that does...