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Oklahoma State and New Mexico State agree on logo usage

Oklahoma State and New Mexico State have come to an agreement over usage of the Pistol Pete logo after Oklahoma State filed a lawsuit.

Earlier in 2014, OSU issued a cease and desist order against New Mexico State for the logo, which the school doesn't currently use as its official logo. Oklahoma State said it first had the logo in the 1920s and said it owned federal trademarks for the logo.

New Mexico's version of the Pistol Pete logo is called Classic Aggie.

Per the terms of the agreement, New Mexico State will pay Oklahoma State a $10 a year licensing fee in perpetuity. NMSU will be able to sell or give away up to 3,000 items a year with the logo on it and the merchandise can only be sold through the school's bookstore or its online retailer and gifted through the alumni relations office.

NMSU can't use the Classic Aggie logo for athletics or student recruitment.

“We appreciate our friends at Oklahoma State University and their willingness in helping to resolve this dispute,” New Mexico State President Garrey Carruthers said in a statement. “The Classic Aggie is a piece of NMSU nostalgia and this agreement allows us to continue using our Classic Aggie on items that might be appealing to our alumni and the NMSU community.”

“OSU is pleased to have this matter resolved,” Oklahoma State President Burns Hargis said in the same release. “We appreciate working with President Carruthers and his team to reach an agreement that protects OSU’s long-held interest in its trademarks, while allowing New Mexico State fans to continue to enjoy their school’s Classic Aggie.”

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Nick Bromberg is the assistant editor of Dr. Saturday on Yahoo Sports. Have a tip? Email him at nickbromberg@yahoo.com or follow him on Twitter!