Foot Locker's Q4 Beats Expectations Penske Renews With Logano, Shell-Pennzoil Pimlico Report Calls For $300M Renovation MTS Centre Getting C$12M In Upgrades Crew Unveil New Gold Uniforms NASCAR Hopes Format Captures New Fans Alabama Football Program Nets $47M-Plus Profit MLB Giants Payroll To Top $200M For First Time As Top Stars Retire, Young Drivers Carry Hope FS1 Developing New TV Shows For Katie Nolan
SBD/July 23, 2013/FacilitiesPrint All
The Cowboys are in the process of "reaching a stadium naming rights deal with AT&T," according to sources cited by Mike Fisher of FOXSPORTSSOUTHWEST.com. The framework of the deal "once centered" on a $25M annual fee. But a source said Farmers Insurance's bid of $700M for a proposed new stadium in L.A. and the 49ers’ recent 20-year deal for $220M with Levi Strauss "re-set" the framework for conversations. The source also said that the AT&T deal would "go into effect for the 2014 season." It is "not yet known how AT&T will be included in the new name." Cowboys Owner Jerry Jones in the past has "talked of the value of 'Cowboys Stadium' as its own brand" (FOXSPORTSSOUTHWEST.com, 7/22). In Dallas, David Moore notes Cowboys COO & Exec VP Stephen Jones yesterday "did not deny" the initial report by KRLD-FM of the potential deal, but he "stressed nothing has been finalized." Jones: "We’ve been pretty close to done on many things. We’ve always been involved in naming rights, but I think that’s way premature to be saying anything like that.” Moore notes an improving economy has "rekindled the initial dialogue between the Cowboys and AT&T." Jerry Jones has "consistently said there are only a few brands that would make sense for the Cowboys," and AT&T "is one of them" (DALLAS MORNING NEWS, 7/23). ESPN DALLAS' Calvin Watkins noted AT&T already is a "major sponsor with the Cowboys and currently has a plaza named after the company inside" the stadium (ESPNDALLAS.com, 7/22).
I'M MOVIN' OUT: The DALLAS MORNING NEWS' Moore reports Cowboys officials are in the "final stages of negotiations to move their practice facility to Frisco." Sources said that work "remains before the team severs ties with its home of 28 years at Valley Ranch in Irving to travel north." It is "doubtful an announcement will be made in the next few days or weeks." But sources "speak in terms of when, not if, the club departs Valley Ranch." It appears the new facility will be "part of the Frisco Station project," a 317-acre mixed-use development. Irving has made a "strong bid to retain the Cowboys." Irving Mayor Beth Van Duyne yesterday said that city negotiators have "suggested several locations for a new facility, including the land where Texas Stadium once stood." Arlington Mayor Robert Cluck also "met with the Cowboys more than three months ago to inform them of his city’s interest." Cluck has said that he always "considered the stadium the most important asset for Arlington but considered the opportunity to land the practice facility a bonus." But the deal Frisco officials have put in place and their "persistence to get something done have left competitors in their wake" (DALLAS MORNING NEWS, 7/23).
MLS President & Deputy Commissioner Mark Abbott said that using Yankee Stadium as a temporary home for expansion club NYC FC “isn't a done deal and the pursuit of a new stadium in Queens isn't quite dead,” according to Brian Straus of SI.com. Abbott: "No one has decided to play in Yankee Stadium yet. That's genuinely true." Straus noted Abbott’s comments came a few days after Mayor Michael Bloomberg's office "retracted a statement" indicating Yankee Stadium will become the home of NYC FC, "which is scheduled to enter MLS in 2015.” Abbott “doesn't expect the team to spend too long in temporary digs,” regardless of where it starts play. He said, “No one is envisioning a long period of time here in an interim stadium. I don't know exactly what that time is, but it's intended to be fairly short. On a daily basis they're working on a long-term stadium solution, as are we.” Straus noted EPL club Manchester City and the Yankees have “taken over the lead role in the pursuit” (SI.com, 7/22).