College Rutgers Selling Athletic Facility Naming Rights Rutgers is selling naming rights to their athletic facilities. Is there a company you would like to see? Or is this a bad idea all together? by Staff Post July 1, 2010 Rutgers University has decided to sell naming rights to their football and basketball facilities in an effort to increase revenue for the athletic department. When Tim Pernetti was hired as athletic director, he promised to change the way the department did business. He promised to find ways to generate new revenue that would help support the entire athletic department. Selling naming rights is an excellent way to do this. This is strictly a decision to provide financial independence to the Rutgers athletic department. According to reports, during the 2008-09 school year, Rutgers’ athletic revenue was $159,641 more than its expenses. While that looks and sounds good, nearly $18 million of that was state subsidy. Pernetti sees the problem as a revenue issue. “I don’t feel like we have an expense problem; we have a revenue problem.” the athletic director said. Now that the football stadium, currently called Rutgers Stadium, has expanded and plans for renovation of the Rutgers Athletic Center have been introduced, money can be made. While selling naming rights has not yet become the norm in college sports, it has been successful at some schools. There will be people that do not like the idea. People will say “This is the birth place of college football, it should always be called Rutgers Stadium.” Nobody said it can’t still be called Rutgers Stadium. That is a possibility. Capital One paid Maryland University more than $25 million for the naming rights to Capital One Field at Byrd Stadium. So who’ to say our state university won’t end up with something like Verizon Field at Rutgers Stadium? Maryland also got $20 million from Comcast for naming rights to the schools basketball arean. This opportunity opens the door for future investments as well. Louisville negotiated a deal in the early 90’s with Papa John’s for naming rights for their football stadium. Through time, the company has also provided other donations to help with new facilities for every sport Louisville offers. These types of deals can also be used for athletic scholarships and general athletic department funds. Brooklyn Sports & Entertainment is teaming up with IMG College as co-sales agents for this project. Which companies would you like to see get naming rights to Rutgers Stadium and Rutgers Athletic Center? phenergan dosage vomiting drug fluoxetine 100mg side effects exelon energy about calan bosch club princesa playa effects habana costa mesa restaurant menu tabs alli travis bikini effects lithium toxicity calcium price benicar xl generic zofran iv push paxil cr reviews webmd drug Post Views: 1,434 The following two tabs change content below.BioLatest Posts Staff Post Latest posts by Staff Post (see all) In The Zone Announces Initial Podcast Lineup - November 13, 2020 The Essential Resources You Need to Start Your Own Gym in 2020 - February 6, 2020 Wilder vs Fury II – How the second fight will be different to the first? - February 5, 2020 Early turnovers, defensive struggles plague the Scarlet Knights - January 26, 2020 Related TopicsCapital One BankComcastLouisvilleMarylandPapa JohnsRutgers StadiumRutgers UniversityTim PernettiVerizon Click to comment You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. Newsletter Subscription Can't Miss Posts! MadFit Dance Workout Videos — Fitness Fun for All by Elizabeth DiPietro | posted on March 15, 2021 Will Michael Jordan’s Exclusive Golf Course Enable Him To Take On The Pros? by Katie Malespina | posted on March 30, 2021 Michael Jordan Could Change the Future of Nascar for the Better by Inesh Chari | posted on March 30, 2021 Whoop Rewards Employees With $100 Each Month To Sleep by Inesh Chari | posted on March 22, 2021 The Mockery of A Sport: Paul vs. Askren by Brandon Berrios | posted on April 19, 2021 More in College You Know I’m Right, Episode 107: New York Post’s Columnist Mike Vaccaro (Audio/Video) On the 107th episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... Master P’s Son, Hercy, Commits to Tennessee State Master P’s son, Hercy Miller, is committing to Tennessee State to play basketball. While... EA Sports Plans to Revive College Football Video Game EA Sports announced that they plan on making college football video games again. The... UVM Women’s Basketball Team Quits 2020-2021 Season The University of Vermont (UVM) women’s basketball will be ending their 2020-2021 season early... Becoming the Next Big East Champs! By Darnell Stapleton Rutgers Football: O-Line Pride Starts With Coach Kyle Flood