One of the best things about being a fan of the Los Angeles Dodgers is getting to watch the boys in blue at Dodger Stadium. Not only is it the third oldest stadium in all of Major League Baseball, but it also doesn’t have some random company’s name at the beginning of it. Well, that could change in the near future.
According to Sports Business Journal, the team has been shopping the naming rights to the field since Spring of this year. How much does something like this cost? The team is reportedly looking for a staggering $12 million a year!
A quick scroll through the mentions of the tweet below shows an immense amount of unhappiness from Dodger fans, and rightfully so.
— Sports Business Journal (@sbjsbd) July 17, 2017
So would a potential buyer be getting a good deal at $12 million a year? To give you an example, the San Diego Padres made a 22-year deal with Petco for a total of about $60 million. That comes out to almost $3 million a year.
On the other hand, the New York Mets made a ludicrous 20-year deal with Citigroup valued at $400 million. After some intense math, that comes out to $20 million a year!
So it seems like at $12 million a year, the Los Angeles Dodgers are not asking for anything extraordinary as for as value goes. Dodger stadium has led the league in attendance since 2013 and they are located in Los Angeles, one of the largest markets in the world.
With all of that said, it would be a shame for the Los Angeles Dodgers to sell the field naming rights. As the old saying goes, “If it ain’t broke, don’t fix it.”
What do you think about this? Let us know in the comments below!
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