In sports, gone are the days when at least a portion of the game was not slathered in money and sponsors. While owners of teams have always tried to make money, the lengths nowadays to which they and the TV networks covering the sport have gone to squeeze out every drop of cash has gotten somewhat ridiculous. There’s the Bud Light Replay, the Chevy Play of the Day, the Little Caesars Pizza Bowl (formerly the Motor City Bowl, which was a pretty cool name and you also knew where it was being played), the Capitol One Bowl was originally the Citrus Bowl and at one point called the Ourhouse.com Florida Citrus Bowl (God forbid they misspelled that one in the sports pages), and on and on.
The same has occurred with stadiums and arenas, which used to be named to match the owners’ outsize egos or for some geographic locale or noble idea that resonated with fans: Comiskey Park, Wrigley Field, RFK Stadium, Candlestick Park, Boston Garden. So, in that vein AdvisorOne, using some research by the SportsBusiness Journal, gives you the Top 7 Richest Stadium Naming Deals centering only on financial services firms, which are ranked according to average annual payout of the deal.
Team: Nets (moving to Brooklyn for 2012-13 season) and Devils
Company: Prudential Financial
Deal: $105.3 million, 20 years, $5.26 million/year
Ends in 2027
6) TD Garden: Boston
Team: Celtics and Bruins
Company: TD Bank
Deal: $119.1 million, 20 years, $5.95 million/year
5) Lincoln Financial Field: Philadelphia
Company: Lincoln National
Deal: $139.6 million, 20 years, $6.98 million/year
Ends in 2022
Company: Bank of America
Deal: $140 million, 20 years, $7 million/year
Ends in 2023
3) Barclays Center: Brooklyn, N.Y.
Team: Nets (starting in 2012-13 season, from Newark, N.J.)
Company: Barclays PLC
Deal: $200 million, 20 years, $10 million/year
Ends in 2032
2) Citi Field: Queens, N.Y.
Deal: $400 million, 20 years, $20 million/year
Ends in 2028
1) MetLife Stadium: East Rutherford, N.J.
Team: Giants and Jets
Company: MetLife Insurance
Deal: $425 million-$625 million, 25 years, $17 million-$20 million/year
Ends in 2036
Top 10 lists from AdvisorOne:
- Top 10 Worst Financial Meltdowns by Athletes
- Top 10 Best & Worst Baseball Contracts
- Top 10 Favorite Super Bowl Numbers
- Top 10 Favorite Athlete-Philanthropists
- Top 10 Best & Worst Sports Business Deals
- Top 10 Financial Scams
- Top 10 Worst Tax States for Retirees
- Top 10 (Surprisingly) Best Cities for Retirees