Newsmakers

Agreed The University of Michigan’s new apparel and equipment deal with Nike is worth $169 million, with a nearly even split between annual cash and apparel value. The deal, which begins in August 2016, was announced last week, and Michigan released financial details Wednesday. The agreement runs until 2027, and the school has an option to extend it to 2031. The full 15-year deal includes annual compensation totaling $76.8 million, plus $12 million up front – as well as $80.2 million in apparel.

Resumed Air Force and Colorado will face off on the football field in 2020, ending a 46-year drought in the series. The Falcons will visit Boulder on Sept. 12, 2020, and the Buffaloes will visit the Academy on Sept. 10, 2022. The last game between the schools was at Air Force on Oct. 5, 1974. In 2020, Colorado will play both Air Force and Colorado State in the same season for the first time since 1958.

Injured Three-time beach volleyball gold medalist Kerri Walsh Jennings dislocated her right shoulder during a match on the international tour, an injury that will force her to miss a month or more of the 13-month qualification period for the 2016 Olympics.

Avoided Defenseman Justin Schultz and the Edmonton Oilers avoided a salary arbitration hearing, agreeing to $3.9 million, one-year contract. The 25-year-old made $3.675 million last season. He had six goals and 25 assists in 81 games last season and has 66 goals and 91 assists in 203 NHL games, all with the Oilers.

Signed The Stars have signed free-agent defenseman Johnny Oduya to a two-year, $7.5 million contract. The move is the second time in less than a week that Dallas has added a player from Chicago’s Stanley Cup-winning team. The Stars traded for veteran forward Patrick Sharp on Friday.

Agreed Auburn defensive coordinator Will Muschamp will make at least $5.1 million over three years. The former Florida head coach will make $1.6 million in the 2015 season and receive $100,000 raises in each of the next two years plus unspecified bonuses.

Stabled California Chrome, the 2014 Kentucky Derby winner and Horse of the Year, will recover from a bone bruise at a Kentucky farm for three months. Trainer Art Sherman said at Del Mar that California Chrome’s prognosis for recovery is good and there’s a chance the horse could run in competition again next year.