Jets, Giants could bag Super stadium namer
The Jets and Giants may get not just get
the Super Bowl, but also a super sponsor.
The teams' bid to host the 2014 Super
Bowl at their new $1.7 billion stadium should jumpstart their stalled search
for a naming-rights sponsor for the venue, sports marketing experts said.
If the sales pitch is successful -- and
many observers believe it will be -- the teams would suddenly have a nice
carrot to dangle in front of corporate sponsors.
"There is no question that if they
are awarded the duties, it enhances their chances of getting a naming-rights
deal," said Kevin Adler, president of Engage Marketing, a sports
business consulting firm.
The Miami Dolphins scored a
naming-rights deal with Sun Life Financial in January, just in time for the
Super Bowl. Sun Life paid $37.5 million for the five-year deal and got more
than $27 million in TV and media exposure just during the Super Bowl,
according to research firm Joyce Julius.
With the big game in the New York region
for the first time, there would be an even greater return on investment,
said Richard Yaffa, North American CEO of GroupM ESP, which specializes in
sports and entertainment marketing partnerships. "The venue will be the
focus of attention until 2014," he said.
With two storied sports franchises in
the largest media market, New Meadowlands Stadium was supposed to fetch a
record amount -- more than $30 million a year over 20 years -- for its
naming-rights deal. Then the economy tanked.
The Jets and Giants have managed to sign
four smaller "corner" sponsorship deals. The asking price for
naming rights is said to have fallen below $20 million, yet is still said to
be too high.
The economic situation isn't lost on
team owners, who will decide next month which site gets the 2014 Super Bowl.
Along with New York, Tampa and South Florida have also submitted bids. Some
industry observers believe NFL Commissioner Roger Goodell is lobbying owners
to give the bid to New York as a reward for building the expensive new
stadium...