Coming soon to GT: Corporate sponsorships and new names for football field and basketball gym

[bobongo]

We got lowballed. 55 mil for 20 years is chump change. Bow down to the almighty dollar. We need the money badly but jeez. Considering the amount of money that's poured into college football annually, 55 mil for 20 years is lowwww. Go Jackets

55 mil Sounds like a lot of money just to hang a name on a field in a 55,000-seat stadium. That comes to $1,000 a seat.
It's like selling out the stadium at $50 a pop one game for the next 20 years.
And we still get to put up a marker commemorating Grant Field - tradition preserved.

 

[Lotta Booze]

We got lowballed. 55 mil for 20 years is chump change. Bow down to the almighty dollar. We need the money badly but jeez. Considering the amount of money that's poured into college football annually, 55 mil for 20 years is lowwww. Go Jackets

Lowballed based on what? Are you comparing it to SoFi Stadium? I got news for you buddy, we don't have the draw of an NFL team

 

[wesgt123]

Lowballed based on what? Are you comparing it to SoFi Stadium? I got news for you buddy, we don't have the draw of an NFL team

Based on what I think is low balling

 

[slugboy]

It’s an improvement to our finances. We need to attack our debt with chainsaws and flame throwers.

I know money is fungible, but we need a lot more of this to fill in the hole we dug over the last 25 years.

I’d love for this to be four times this size.

 

[bobongo]

This is four years old, but $2.75 mil per year looks like a good deal compared to these college football stadium naming contracts. In fact, it's better than any one of them listed:

Is Your School Receiving Top Money for Its Football Stadium Naming Rights? - Stadium

The market says that a school can sign a deal for its football stadium's naming rights that can yield upwards of $1 million annually.

watchstadium.com

 

[dtm1997]

Based on what I think is low balling

Based on what you think in your head or actual comparable data?

 

[roadkill]

It’s an improvement to our finances. We need to attack our debt with chainsaws and flame throwers.

I know money is fungible, but we need a lot more of this to fill in the hole we dug over the last 25 years.

I’d love for this to be four times this size.

Let's put this in perspective. $3.5M annually is equivalent to a 25% increase in donations to the AA, 26% of our debt service, or 28% of our ticket sales. It moves the needle in the right direction at a time when the need is dire.
I, and most others on this board, refer to the location where GT plays football as "BDS". That doesn't change. I doubt many alums or even football fans know the history behind the original naming of the field. No disrespect to Mr. Grant, but the contribution he made to the stadium is no longer used. We dropped the "Hugh Inman" part of the name long ago, I don't recall anyone complaining.

 

[Lotta Booze]

 

[cpf2001]

So are you giving 3.00M a year then?

I mean my first reaction is it’s a great amount

 

[bobongo]

I mean my first reaction is it’s a great amount

I caught your double negative. You're right, it "ain't nothing".

 

[Techwood Relict]

View attachment 14557

You can have it in any color you like, as long as it's White and Gold. With Navy trim so the thread can reach 300 pages....

 

[wesgt123]

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This is incredible

 

[Techster]

No one outside of sports announcers on gameday will mention Hyundai, and that will be because they will have to.




Schultz isn't wrong. It will ALWAYS be BDS and Grant Field...it's just now Hyundai gets the privilege of stroking millions to paint their name on the field.

Also, the numbers keep getting bigger and bigger. Let's see where the final numbers come in.

 

[TooTall]

No one outside of sports announcers on gameday will mention Hyundai, and that will be because they will have to.




Schultz isn't wrong. It will ALWAYS be BDS and Grant Field...it's just now Hyundai gets the privilege of stroking millions to paint their name on the field.

Also, the numbers keep getting bigger and bigger. Let's see where the final numbers come in.

Shultz IS wrong. It's been Bobby Dodd Stadium at Grant Field. It's Now Bobby Dodd Stadium at Hyundai Field.

 

[roadkill]

Just FYI, the Hyundai partnership goes deeper than just the field naming rights. https://ramblinwreck.com/georgia-tech-and-hyundai-announce-multi-decade-partnership/

 

[Creative]

$55 Million. Obviously, there is good and bad to this. I am certain, we will all still say “BDS”. I am certain there will be pushback, but this is where we are in CFB. We need the money and now we have more. Thoughts?

 

[HouseDivided]

Don't like it, but it's a money business now, so what must be done, has been done. We need the $$$ flow.

 

[GTpdm]

$55 Million. Obviously, there is good and bad to this. I am certain, we will all still say “BDS”. I am certain there will be pushback, but this is where we are in CFB. We need the money and now we have more. Thoughts?

It’s still Bobby Dodd Stadium, and that’s what I’ll call it (as I always have) They can give us $$$ to call the playing area “Hyundai Field”, but so what?

 

[TomOReilly]

Are the terms $55M/year

 

[dressedcheeseside]

Is the money for athletics, academics or research?