Nike Has More NCAA Men's Teams, Though Adidas Is Winning: Chart

Devin Williams of the West Virginia Mountaineers during the championship game of the Big 12 Basketball Tournament in Kansas City, Missouri, on March 12.

Photographer: Ed Zurga/Getty Images

Nike Inc. represents 41 of the 68 teams playing in this year’s National Collegiate Athletic Association men’s basketball tournament, far surpassing Adidas AG (14) and Under Armour Inc. (10), according to data compiled by Bloomberg Intelligence. When it comes to stock performance, however, Adidas has outperformed its rivals since the start of the season last November. Adidas also represents top-ranked Kansas, which is given a 19 percent chance to win the tournament by FiveThirtyEight.

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