You wear it well.
Are you the new BlockR, or part of his merry band of idiots who repeat the same negative garbage over and over again? Welcome to ignore.
Football Audi club changing names
- Thread starter Richie O
- Start date
Are you the new BlockR, or part of his merry band of idiots who repeat the same negative garbage over and over again? Welcome to ignore.
You do realize that Rutgers has representation which handles these types of deals. Its not like Hobbs is on the phone cold calling companies he thinks might be interested in naming rights deals. There are professionals in this field that generate these deals
https://www.learfield.com/partner/rutgers-sports-properties/
It really did, originally, look very much like the Beetle, right? Anyway, it could be worse. We coulda bought Bugatti’s. Those are seriously overpriced VWs. LOL
So what, put it in perspective.
New Mexico State gets about the same and University of Houston gets much more.
Not a killer deal for a P5 program.
Why I’m wasting my time I don’t know, but here goes...University of Houston signed a deal with TDECU, a local credit union. It’s a 10-year 15 year deal. That’s less than our deal for a much better FB team and program. NM State Aggies play at Memorial Stadium so I’m sure that’s not what you’re referring to. The UNM Lobos signed a deal with Dreamstyle Remodeling for 10 years at $10MM ($1MM/year). But that’s for both the Stadium and BB Arena.
I get it, Hobbs just doesn’t know a thing about FB and screwed up royally with his first hire. But he did fine securing naming rights to the Stadium.
Oh, BTW - Cape Dory 36 hull #1 is for sale. Bristol condition, fully outfitted for cruise, 55k.
I’ll admit I never heard of SHI before the naming deal with Rutgers.
But after reading up on the company and the CEO (female founder of the biggest private business, worth a cool $2 Billion) and hearing they’re such a big player with hiring Rutgers alums (350 alums)...along with the financial terms, this appears to be a great deal.
The company is proud of the deal. Already within a couple weeks they’ve hosted Sarah B. at their state of the union address with the CEO and also had a Rutgers day at the stadium with all employees who were Rutgers alums which the CEO also attended. O and their Twitter feed is filled with Rutgers related tweets over the past few weeks.
But after reading up on the company and the CEO (female founder of the biggest private business, worth a cool $2 Billion) and hearing they’re such a big player with hiring Rutgers alums (350 alums)...along with the financial terms, this appears to be a great deal.
The company is proud of the deal. Already within a couple weeks they’ve hosted Sarah B. at their state of the union address with the CEO and also had a Rutgers day at the stadium with all employees who were Rutgers alums which the CEO also attended. O and their Twitter feed is filled with Rutgers related tweets over the past few weeks.
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Yes P5 status matters, however so does stadium usage ... if those non P5 schools have the only stadium for miles and are hosting concerts on a regular basis that's also a factor in getting the sponsors name out and should increase the value of the deal ... think of how much radio exposure the stadium and a sponsor would have in the biggest media market if the stadium hosted concerts during thesummer session
I get the usage factor. Still think having a CFB Stadium in the NJ/NY market ; largest population area in the USA by far; would be worth significantly more for Naming Rights than New Mexico State in Las Cruces, NM or Colorado State Univ. in Fort Collins, CO { getting $2.5 million per year for a 36,500 seat stadium}.
Why would you think that?
In this market you have multiple professional sports venues (Yankees, Mets, Giants/Jets, Nets, Knicks/Rangers, Devils) plus a whole lot of other venues that can potentially sell naming rights. Naming for Rutgers Stadium can just get lost in the noise.
And if you are a company looking to market a local connection, you have a lot of options. If the bidding price for one venue gets too expensive, you can just turn somewhere else instead.
As usual the comment by @Upstream is one of the sanest of the bunch.
And after doing the same similar research @S_Janowski did, I have to agree, pretty good deal for more than a few reasons.
And after doing the same similar research @S_Janowski did, I have to agree, pretty good deal for more than a few reasons.
I want our AD to be a “professional” not a law school dean with poor judgment.
Hobbshi_ must go!
There is no T on the end. It’s pronounced s h i
Get the competitive environment . There are more Fortune 1000 companies in this area than any other market. Trying to rationalize why our Naming Rights value should not be significantly higher than Fort Collins, CO (CSU}, New Mexico State, or even Minneapolis { U of M } is mind boggling. Not to mention we are in the premier CFB conference in the Country not the Mountain West Conference .
Point taken and good example with Colorado State. But please stop using the fake example with New Mexico State. NMSU does not make more than us for the stadium. They make $0. UNM in Albuquerque makes $1MM/year for naming of both the stadium and arena. That's like saying SHI got naming rights for Rutgers Stadium and the RAC. We get $1.6MM for just the stadium. Big difference. And heck, Minneapolis got a 35MM 25-year deal. That's 1.4MM per year. They recently re-negotiated, but are adding in naming rights for the entire athletics village. Again, not apples to apples.
I thought our naming rights deal was comparable to Minnesota.
LOL! But just in case you're serious: Take a look at the Fortune 1000 list a tell me how many of those companies have purchased stadium naming rights. Now eliminate telecommunications and financial/insurance companies (where naming rights are part of a marketing strategy to show a connection to a local area in which they are competing), and tell me how many are left.
You are missing the Point!
The fact that New Mexico State is even remotely close to a B1G Program for Naming Rights is ridiculous .
Fact is we are B1G and this Deal should be better. I will check but I think Minnesota has a better deal.
We should go after M&M Mars.. Mars Stadium has a ring to it. Do whatever it takes to woo them. Campbells Soup... what about some companies that moved to Jersey City from NYC? Verisk is Fortune 1000.. worth billions.. never heard of them? They are an actuary type firm.. math and Rutgers goes hand in hand.. lots of horrible stats and risk to analyze in Rutgers games.
Officially announced just now
Provident Bank, Rutgers Athletics Announce Partnership
Club Level of SHI Stadium to be Renamed “Provident Bank Stadium Club”
ISELIN, N.J. and Piscataway, N.J. (September 3, 2019) – Provident Bank, a leading New Jersey financial institution, and Rutgers Athletics, today announced a multi-year partnership, which gives the bank the naming rights to the club level of SHI Stadium. The space will be known as the “Provident Bank Stadium Club.”
As a partner of Rutgers Athletics, Provident Bank will also receive exposure through a variety of marketing and promotional assets, as well as access to VIP hospitality experiences for Rutgers football, and men’s and women’s basketball.
“We are delighted to team up with the state’s premier institution of higher education and extend our commitment to the Rutgers University community. This partnership allows us to further enhance our brand and elevate our name recognition in the market,” said Chris Martin, Chairman, President and CEO, Provident Bank. “Rutgers Athletics’ commitment to excellence is consistent with our brand promise,” added Martin.
“We are proud to partner with Provident, the first state chartered bank in the history of the State. Two words not often found together describe this great banking institution, venerable and innovative” said Pat Hobbs, Director of Intercollegiate Athletics, Rutgers University. “Both Rutgers and Provident share a rich tradition of excellence.”
Founded in 1839, Provident Bank has a deep history of commitment to its customers, communities, and employees. This commitment now includes the Rutgers University family.
The Provident Bank Stadium Club is located on the club level of the recently renamed SHI stadium, which serves as home to Rutgers football and men's and women's lacrosse. This season, the Scarlet Knights celebrate its history as the Birthplace of College Football and the sport's 150th anniversary.
Pat Hobbs, Director of Intercollegiate Athletics, Rutgers University (Right), presents Chris Martin, Chairman, President, and CEO, Provident Bank with a Rutgers football jersey to commemorate the two organizations’ partnership.
ABOUT PROVIDENT BANK
Provident Bank, a community-oriented bank offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE
FS), which reported assets of $9.94 billion as of June 30, 2019. With $6.87 billion in deposits, Provident Bank provides a comprehensive suite of financial products and services through its network of branches throughout northern and central New Jersey and eastern Pennsylvania. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company. For more information about Provident Bank, visit www.provident.bank or join the conversations on Facebook (ProvidentBank) and Twitter (@ProvidentBank).
ABOUT RUTGERS ATHLETICS
The Rutgers Department of Intercollegiate Athletics (Rutgers Athletics), comprised of 24 men's and women's varsity sports serving more than 600 student-athletes, is a member of the Big Ten Conference and governed by the National Collegiate Athletic Association (NCAA). Rutgers is the Birthplace of College Football, hosting the first-ever collegiate matchup on Nov. 6, 1869, a 6-4 victory over Princeton. Rutgers Athletics is uniquely positioned in the nation's largest media market with over seven million television households, along with access to the Big Ten Network and its nearly 60 million homes across the U.S. and Canada. Established in 1766, Rutgers University is the State University of New Jersey and eight oldest higher education institution in the country. As a premier academic institution, Rutgers is a member of the prestigious Association of American Universities.
Provident Bank, Rutgers Athletics Announce Partnership
Club Level of SHI Stadium to be Renamed “Provident Bank Stadium Club”
ISELIN, N.J. and Piscataway, N.J. (September 3, 2019) – Provident Bank, a leading New Jersey financial institution, and Rutgers Athletics, today announced a multi-year partnership, which gives the bank the naming rights to the club level of SHI Stadium. The space will be known as the “Provident Bank Stadium Club.”
As a partner of Rutgers Athletics, Provident Bank will also receive exposure through a variety of marketing and promotional assets, as well as access to VIP hospitality experiences for Rutgers football, and men’s and women’s basketball.
“We are delighted to team up with the state’s premier institution of higher education and extend our commitment to the Rutgers University community. This partnership allows us to further enhance our brand and elevate our name recognition in the market,” said Chris Martin, Chairman, President and CEO, Provident Bank. “Rutgers Athletics’ commitment to excellence is consistent with our brand promise,” added Martin.
“We are proud to partner with Provident, the first state chartered bank in the history of the State. Two words not often found together describe this great banking institution, venerable and innovative” said Pat Hobbs, Director of Intercollegiate Athletics, Rutgers University. “Both Rutgers and Provident share a rich tradition of excellence.”
Founded in 1839, Provident Bank has a deep history of commitment to its customers, communities, and employees. This commitment now includes the Rutgers University family.
The Provident Bank Stadium Club is located on the club level of the recently renamed SHI stadium, which serves as home to Rutgers football and men's and women's lacrosse. This season, the Scarlet Knights celebrate its history as the Birthplace of College Football and the sport's 150th anniversary.
Pat Hobbs, Director of Intercollegiate Athletics, Rutgers University (Right), presents Chris Martin, Chairman, President, and CEO, Provident Bank with a Rutgers football jersey to commemorate the two organizations’ partnership.
ABOUT PROVIDENT BANK
Provident Bank, a community-oriented bank offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE
FS), which reported assets of $9.94 billion as of June 30, 2019. With $6.87 billion in deposits, Provident Bank provides a comprehensive suite of financial products and services through its network of branches throughout northern and central New Jersey and eastern Pennsylvania. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company. For more information about Provident Bank, visit www.provident.bank or join the conversations on Facebook (ProvidentBank) and Twitter (@ProvidentBank).ABOUT RUTGERS ATHLETICS
The Rutgers Department of Intercollegiate Athletics (Rutgers Athletics), comprised of 24 men's and women's varsity sports serving more than 600 student-athletes, is a member of the Big Ten Conference and governed by the National Collegiate Athletic Association (NCAA). Rutgers is the Birthplace of College Football, hosting the first-ever collegiate matchup on Nov. 6, 1869, a 6-4 victory over Princeton. Rutgers Athletics is uniquely positioned in the nation's largest media market with over seven million television households, along with access to the Big Ten Network and its nearly 60 million homes across the U.S. and Canada. Established in 1766, Rutgers University is the State University of New Jersey and eight oldest higher education institution in the country. As a premier academic institution, Rutgers is a member of the prestigious Association of American Universities.
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