According to the UCLA beat writer for the LA Times
by 105Marquette (2020-06-27 12:23:38)
Edited on 2020-06-27 12:24:19

Under Armour has informed UCLA's athletic department that it intends to get out of its $280MM apparel deal. UCLA's AD said they will fight to keep the contract in place.

Not sure what the root is, but I'd wager that the $325+MM in restructuring costs that UA announced has something to do with it.