Tag:Troy
Posted on: June 21, 2011 3:26 pm
Edited on: June 22, 2011 8:51 am
 

Rutgers snares 5th highest per year stadium deal

High Point Solution Stadium. Not exactly the most tradition rich name in college sports, but, hey, it is the newest. Tuesday, Rutgers announced a 10-year naming rights deal with High Points Solution worth $6.5 million.

The initial reaction on my Twitter feed to a corporation naming a college stadium was "Ugh." But if you haven't figured out by now how vital big bucks are in college football these days, then it's time for you to take off your leather helmet and put it in storage.

Remember a time when bowl games were actually named after fruits and not dot.com businesses or car muffler stores? Yeah, me neither. Now it's a rarity if a bowl game isn't named after a corporation. Years from now, the same - unfortunately - will be said about college football stadiums.

Anyway, Rutgers' deal is the fifth-highest per year amount for a college stadium named after a corporation/business. This list does not include stadiums named after individuals who may have contributed several gazillion dollars (i.e. Oklahoma State's Boone Pickens Stadium). This list also does not include college teams that play in NFL stadiums, such as Pittsburgh's Heinz Field or South Florida's Raymond James Stadium.

Here are the 11 college stadiums named after corporations and I'm sure this list will double within the next five years. For what it's worth the breakdown of corporation named college stadiums by conference: Big East (3), ACC (2), Sun Belt (2), Big Ten (1), Big 12 (1), C-USA (1) and MAC (1). (1).

School (Year) Stadium Name; Terms

Minnesota (2005) TCF Bank Stadium; 25 years, $35 million
Per year average: $1.4 million

UCF (2006) Bright House Networks Stadium; 15 yrs, $15 million
Per year average: $1 million

Maryland (2006) Chevy Chase Bank Field at Byrd Stadium; 25 years, $20 million
Per year average: $800,000

Texas Tech (2006) Jones AT&T Stadium; 25 years, $20 million
Per year average: $800,000

Rutgers (2011) High Point Solutions Stadium; 10 years, $6.5 million
Per year average: $650,000

Louisville (1998) Papa John's Cardinal Stadium; 10 years, $5 million
Per year average: $500,000

Louisville (2004) Papa John’s Cardinal Stadium; 33 years, $15 million
Per year average: $454,000

Akron (2009) InfoCision Stadium; 20 years, $10 million
Per year average: $500,000

Troy (2003) Movie Gallery Veterans Stadium; 20 yrs, $5 million
Per year average: $250,000

Syracuse (1980) Carrier Dome; Indefinite, $2.75 million
Per year average: n/a

Wake Forest (2007) BB&T Field; 10 years, undisclosed
Per year average: n/a

Western Kentucky (2007) Houchens Industries-L.T. Smith Stadium; unknown, $5 million
Per year average: n/a



 
 
 
 
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