Shooter: Naming rights at The Barn should be worth $1MM/year

[BleedGopher]

per Shooter:

A banking firm recently reached a Rupp Arena corporate naming rights deal worth $1.5 million annually to the University of Kentucky. A naming rights deal for the Gophers’ Williams Arena should be worth $1 million a year. 3M is paying the University of Minnesota $800,000 per year to have its name on Mariucci Arena.

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The last University of Minnesota men’s basketball coach to win an official Big Ten Conference championship is Jim Dutcher in 1982. He is also the last Gophers coach to have won more career Big Ten …

www.twincities.com

Go Gophers!!

 

[JimmyJamesMD]

SO we can pay recruits ?

 

[jblass]

I am not a fan of colleges selling naming rights but these days I guess it's all about the money.

 

[UpAndUnder43]

I am not a fan of colleges selling naming rights but these days I guess it's all about the money.

Well yes, that is how businesses work and college athletics are a business. Want nicer facilities? Need money. Want to retain or hire good coaches? Need money. Naming rights are a revenue source like ticket sales and concessions. Not sure why people care what the venue is called. No one says they are going to 3M Arena or whatever Mariucci is called. TCF Bank stadium has always been the name, so we call it that. The Barn will be The Barn no matter how much Target/3M/Medtronic/USbank pay. Unless its torn down...is there a thread on that?