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Knight's $100 million gift to bankroll Oregon athletics fund

Updated: August 21, 2007, 9:08 AM ET
Associated Press

EUGENE, Ore. -- The University of Oregon's plan to build a new basketball arena moved a giant step forward Monday when Nike co-founder Phil Knight, and his wife, Penny, pledged $100 million to the university, the largest philanthropic gift in school history.

The money is not targeted specifically for an arena, university officials said. Rather, it will create the Oregon Athletics Legacy Fund, which will help support all athletic programs.

But indirectly, officials ...

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