Closing Bell

76ers Announce Five Founding Partners For New Practice Space

9.19.2016

The 76ers today unveiled their five founding partners for their new practice facility: Toyota, NovaCare Rehabilitation, Virtua, NFI and Kimball Office. Team execs "refused to disclose the total value of the founding deals" but said that "each of them is for at least five years and the total value surpasses the average value of NBA practice center naming-rights agreements." One source said that NBA practice facility naming-rights deals range from $500,000-2M annually, "depending on the level of the team’s national media exposure" (SPORTSBUSINESS JOURNAL, 9/19 issue).

The ribbon-cutting ceremony for the venue will occur on Friday (76ers).

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76ers Announce Five Founding Partners For New Practice Space

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