$1.4M per year for 20 years for naming rights.
see a list of naming deals here
Illinois is getting $2M per year for 30 years (only listing big ten basketball examples)
Maryland is $25M for 20 years.. with Comcast who has so much money
Nebraska 25 years for only $11.25M
Ohio State does not mention the term of the $12.5M deal
So.. it is not bad by those standards.. though NC State has an $80M deal for 20 years. Don't worry.. if Rutgers Basketball goes gangbusters there will be other revenue opportunities. And if Jersey Mikes wants to advertise more for Rutgers games on various networks because they swung this deal.. there will be a trickle-down effect in our favor.. more exposure and maybe some broadcast features during games...
I hope this is a good deal for everyone.. if so, the money will flow and this revenue stream will just be the beginning of it.