The Texas Longhorns will apparently continue wearing the famous swoosh logo indefinitely, as the Austin American-Statesman reported on Monday that school officials cancelled a planned Sunday meeting with Under Armour days after the exclusive negotiating window with Nike expired last week.

According to the source, Texas is expected to re-sign with the industry leader by inking what will likely become the largest apparel contract in the history of college athletics. Michigan left Adidas to return to Nike this summer and signed a 15-year deal worth $169 million.

Even though the exclusive negotiating window closed, Nike still had the right to match any offers from other companies, but it appears that it will not come to that after the school seemingly declined to even hear Under Armour's pitch. The upstart company was expected to be a "major player" in negotiations, with one report from several months ago suggesting that Under Armour could offer Texas a contract worth as much as $150 million over 10 years.

Signing a historic apparel contract would represent the first major accomplishment for interim athletic director Mike Perrin, who declined to comment on negotiations before Saturday's game, but was notably wearing Nikes that he described as "very comfortable."