Students at the University of Alabama in the US will be able to sport Nike clothing thanks to an extension to a deal between the company and the educational institution.

The university has signed a $30 million (£21 million) contract which will mean that Nike trainers and other clothing items will be supplied to its sports teams for the next eight years.

Originally signed in 2002, it is now the second largest deal a university has agreed upon with the athletic clothing firm, after the ten-year, $33.7-million partnership with the University of North Carolina.

Under the deal, two University of Alabama students will also take up internships at the Nike's headquarters in Beaverton, Oregon.

Nike recently unveiled its strategy for growth up to 2015, which will aim to gain the company $27 billion annual revenue and more than $12 billion cumulative cashflow by relying on its subsidiaries Converse and Carol Haan.