While pocket knives and parkas flew off the shelves at Sports Authority’s going out of business sales, and foosball table, desk chairs, and iMacs flew out of its former headquarters building through Craigslist ads, one of the bankrupt company’s assets didn’t sell: the naming contract for the field where the Denver Broncos play, which the chain had bought in 2011. It’s now official: the team and the stadium district have agreed to terms and effectively bought back the rights from the defunct retailer. [More]
In contrast to the ubiquity of corporate-named stadiums in the NFL, the vast majority of college football stadiums have stuck with their traditional names. The dominoes may be starting to fall, though, after Rutgers sold the Rutgers Stadium naming rights to High Point Solutions for a reported $6.5 million over 10 years.
The New York Mets are getting a new stadium. It’ll be called Citi Field and that honor cost Citibank (and by extension, one could argue, taxpayers) $400 million.