Giants To Announce Naming Rights Deal With Oracle

11 Janvier, 2019, 05:09 | Auteur: Adelaide Bullion
  • Oracle Pays More Than $200 Million to Rename San Francisco Giants’ StadiumMore

As first reported by the San Francisco Chronicle's Henry Schulman, the Giants announced a new naming rights deal with technology giant Oracle on Thursday.

The team's ballpark at 24 Willie Mays Plaza will be renamed from AT&T Park to Oracle Park for the next two decades, the team said.

While the deal's financial terms were not publicly disclosed, Bloomberg reported that Oracle will pay more than $200 million for a 20-year term, according to people familiar with the matter.

"It's an iconic park, and we kind of view it as a landmark", Larry Baer said.

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The change to Oracle Park will be immediate, with temporary signs going up Thursday. Oracle is reportedly paying significantly more money for rights than AT&T did under the old deal.

The Golden State Warriors are now playing their last season in Oracle Arena. The stadium was known as Pac Bell Park from 2000-03, SBC Park from 2004-05, AT&T Park from 2006-18, and now Oracle Park from 2019 onward.

The Giants' waterfront arena on 3rd and King Streets is on its fourth name change in 19 years. However, Giants president and CEO Larry Baer told Schulman that AT&T chose to go in a different strategic direction during the two sides' renegotiation period.

Oracle CEO Mark Hurd said the visibility the company gained with the Warriors' success in Oakland played a key part in the company's decision to make the deal with the Giants.

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