It looks at though Michigan is on track to head back to the Swoosh when their current deal with adidas is up. In article posted by Sam Webb on Scout ($), he indicates that talks between Michigan and Nike are going quite well. Initially Nike and adidas were $4 million per year a part, but it appears that Nike has closed that gap or has indicated that they are willing too.
It’s well-known that Michigan fans, coaches and players all want to go back to Nike, so this is really a no-brainer for Jim Hackett and Co. A decision will likely come in early July with an announcement of Michigan and Nike reuniting following shortly after.
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