(03-23-2023 04:36 PM)3601 Wrote: (10-02-2021 02:20 AM)ncrdbl1 Wrote: (10-01-2021 10:29 PM)EarthBoundMisfit Wrote: Simmons' deal with the arena in Arkansas was about $10.5? million.
I dunno how significant that would be for Memphis...as far as Liberty Bowl upgrades and improvements.
Spread over 15 years.
But that is a basketball arena. Average naming rights for football stadiums is around $3 million a year.
Not sure where $3 Million came from. Recent naming rights deals for G5 football stadiums have been nowhere near $3 Million annually.
"Recent" Football Naming Rights:
2019 Rutgers - $1,450,000/year
2017 Kentucky - $1,850,000/year
2017 New Mexico - $900,000/year
2016 San Jose State - $578,870/year
2015 Utah State - $273,913/year
https://watchstadium.com/is-your-school-...8-14-2019/
UNC did a study in 2022, and came up with this (PDF link):
https://www.google.com/url?sa=t&rct=j&q=...-1Da1r6t-N
Page 26 has a table showing the Average Annual price in 2021 dollars for venue naming rights is $1,154,647.55, with the MINIMUM being $92,500/year and the max being $4,833,000 per year.
Keep in mind that 12.2% of those had a professional league tenant.