FedEx pledges $25 million over 5 years in NIL program for University of Memphis athletes

FILE – Memphis offensive linemen Terrance McClain (51) and Jacob Likes (70) celebrate after the team’s win against Iowa State at the Liberty Bowl NCAA college football game Friday, Dec. 29, 2023, in Memphis, Tenn. FedEx on Friday, April 19, 2024, 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.(AP Photo/George Walker IV, File)