Under Armour Inks Mega Deal With Major League Baseball

Under Armour (UA) - Get Report is getting into the business of outfitting the finest baseball players in the world. The sports apparel maker confirms it has inked a 10-year deal to be the exclusive provider of all on-field uniform components, including jerseys featuring Under Armour branding, for all 30 Major League Baseball teams. The deal leaves apparel maker rival, Nike (NKE) - Get Report , out in the cold. Under Armour will also provide exclusive connected fitness offerings -- likely wearable devices and specially tailored apps -- to MLB teams. The deal kicks off for the 2020 MLB season. Terms of the contract weren't disclosed. For more on the deal, check out Brian Sozzi's article on TheStreet.com.