Report: MetLife Signs ‘Definitive Agreement’ For New Meadowlands Stadium Naming Rights

NEW YORK (WFAN) — MetLife stadium it is, according to the New York Post.

The paper reported late on Thursday that the insurance giant “has inked a definitive agreement” for naming rights at the New Meadowlands Stadium.

An announcement could happen “as early as next week” in Manhattan, reported The Post.

SportsBusiness Journal reported in June that a deal to rename the home of the Giants and Jets would reportedly cost MetLife between $17 and $18 million dollars per year.

According to the SBJ report, the New Meadowlands Stadium, set to receive worldwide attention in 2014 as the site of Super Bowl XLVIII, had originally asked potential naming partners for $30 million per year after building the East Rutherford, N.J. arena.

MetLife’s relationship to the New Meadowlands goes back three years, when it signed a cornerstone sponsorship agreement with the stadium for $7 million annually. That deal is expected to end after the naming rights announcement.

This would be the second major stadium deal to hit New Jersey in 2011. The Scarlet Knights announced in June that Rutgers Stadium will be renamed High Point Solutions Stadium.

Jets, Giants fans: are you happy with the name MetLife Stadium? Sound off in the comments below…

  • Nick Russo

    1st choice would have been JetBlues and 2nd choice Green Giant as sponsors for the stadium.

  • ap215

    I agree that corporate naming rights isn’t the way to go for these stadiums & arenas it should be named for either a place or a person also i believe that the public should be the ones who decide what name they choose for the arenas & stadiums.

  • jets2011

    Anything to keep fatcessa from calling it “new giants stadium”… what a miserable giants fan

  • Brian

    Should’ve been named JetBlue Stadium. Had them as sponsors

  • NYGfan

    I wish the Jets had flown off to LA, LA Jets has a nice ring to it. It was a big mistake by the Giants deciding to share a new stadium with the Jets. Giants Stadium was a much better place to watch football, who cares about shopping and luxury lounges unless you’re rolling in cash. Hey, with the extra 18 milliion per year coming in can I get a PSL refund????

    • NYJfan

      sounds like another loser giants fan if you ask me

      • gmanfan

        Don’t forget… Wellington Mara opened the doors for the Jets when they were homeless and couldn’t come to an agreement with the Mets at Shea Stadium. I agree Jets in LA? that’s a little silly. I do agree, however, that John Mara has allowed the Jets to overshadow his team by sharing a stadium with them. I wish that the West Side Stadium would’ve went through, and that the Giants could’ve stayed in GIANTS stadium.

      • edperk

        You can talk when the Jets win a Super Bowl this century !

  • Joe

    Why would I care about naming rights? We all knew it was coming eventually. I only care about the product on the field. Esp if the Jets win and the Giants lose. Just stop calling it Giants Stadium!!!

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