Qualcomm Stadium Naming-Rights Deal Expires, But No Plans To Rename Venue
Qualcomm's 20-year naming-rights deal for the Chargers' former home in San Diego expired on Tuesday, but a city spokesperson said that there are "no immediate plans to tear down signs or officially rename the stadium," according to David Garrick of the SAN DIEGO UNION-TRIBUNE. City officials and Qualcomm have "had at least one recent meeting to discuss potentially extending the deal," but no decisions had been made as of yesterday. Changing the name without a new deal "could create hassles with outdated stationery, brochures and confusion among residents and potential users of the stadium, such as monster truck shows and international soccer games." Qualcomm gave the city an $18M "lump-sum payment" in '97 to cover part of $78M in stadium renovations "requested by the Chargers." The lump-sum payment was "unusual for stadium naming rights deals, which more typically include annual payments throughout the partnership" (SAN DIEGO UNION-TRIBUNE, 6/15).