FedEx Commits $25 Million Over Five Years to Memphis Athletics NIL

Apr 19, 2024, 01:30 PM

FedEx has entered into a significant partnership with the University of Memphis, committing $5 million annually over the next five years to support the university's NIL program. This initiative, totaling $25 million, will benefit student-athletes across various sports including football, men's and women's basketball, and other women's sports. The partnership, facilitated by Altius Sports Partners, is notable as it represents a substantial investment in a non-Power Five school's athletics. Players will earn NIL by supporting FedEx initiatives, headquartered in Memphis. According to Memphis Athletic Director Laird Veatch, 'We've got some pretty tremendous momentum,' highlighting the impact of this partnership.