Kansas isn’t letting a little FBI investigation ruin their sponsorship agreement with Adidas.
The Jayhawks and the apparel company still plan to sign a 12-year, $191 million extension to their current deal, according to the Kansas City Star.
From the report:
KU associate athletic director Jim Marchiony said Wednesday that while the deal was not signed by both parties, KU was “actively in the process of completing the contract.”
Kansas was officially ensnared in the FBI’s investigation into corruption in college basketball this week when a new set of charges was handed by the FBI. Those involved two Kansas players that are believed to be Billy Preston and Silvio De Sousa.
Preston’s mother allegedly received at least $90,000 from an Adidas executive in exchange for his son’s commitment to Kansas, while De Sousa’s guardian was allegedly paid at least $20,000 by that same Adidas executive for his commitment, money that went to clearing a debt owed to a rival shoe company over a previous agreement that had been made.