قالب وردپرس درنا توس
Home / Sports / Rutgers signs multi-million dollar name rights deal for the football stadium

Rutgers signs multi-million dollar name rights deal for the football stadium



CHICAGO – Rutgers & # 39; Stadium has a new name as the Scarlet Knights begin their 150th college football year.

Three weeks after the expiration of their eight-year contract with High Point Solutions, Rutgers has signed a new one naming-rights enters into an agreement with a New Jersey-based IT solution provider.

Rutgers entered into a multi-year partnership with SHI International Corp. on Friday. , a Somerset-based company that was founded in 1989, claims to offer "tailor-made IT solutions for every aspect of the business environment, and aims to be a global provider of technology solutions and products to more than 20,000 US customers.

The new name will be SHI Stadium (pronounced with the initials SHI).

While Rutgers A contracted person, NJ Advance Media announced that it is a 7-year contract starting at $ 1

.25 million and rising to $ 1 million per annum between 2025 and 26 , $ 85 million raised.

June 2011 Rutgers approved an eight-year contract worth $ 600,000 per year with High Point Solutions. In essence, Rutgers Athletics director Pat Hobbs more than doubled the number of stadium names in the first year and more than tripled in the seventh year.

"As the State University of New Jersey, we are pleased to partner with SHI." Hobbs said in a statement, "SHI is headquartered here in Somerset and proudly welcomes its strong links with Rutgers, and on the occasion of our 150th anniversary of college football, we look forward to working with a company involved in our relentless pursuit. " Excellence: This partnership will have a positive impact on athletics, the university and the New Jersey community.

In a press release, Rutgers said that SHI "will gain significant brand awareness through the signage and around the stadium, including stadium exterior signage, scoreboard signage, campus signage and logo placement on the pitch." ; & # 39;

"This partnership confirms the close ties Rutgers and SHI have maintained for nearly 30 years," said Thai Lee, President and CEO of SHI International. "Nearly 350 Rutgers alumni are currently working at SHI, and More of our employees earned their degrees at Rutgers than at any other college or university, and both SHI and Rutgers are deeply rooted in New Jersey and rooted around the world, sharing a common history, culture and commitment to excellence in this partnership especially rewarding. "

The Rutgers football team as well as the men's and women's lacrosse tea ms play from 1938 to 2011 at Rutgers Stadium with 52,454 seats. The university also hosts its annual kick-off at the stadium, and Rutgers is expected to consider further events to expand the athletics department's revenue over the next decade.

Rutgers' stadium name was changed to HighPoint.com Stadium last season after Sparta, NJ-based company removed "solutions" from its co-founder, Tom Mendiburu.

Rutgers will host its first sporting event at the newly-designated SHI Stadium on Friday, August 30, as the Scarlet Knights celebrate their history as the birthplace of College Footbal and the sport's 150th anniversary at 19:15 , Eastern Clash against UMass.

Keith Sargeant can be reached at ksargeant@njadvancemedia.com . Follow him on Twitter @KSargeantNJ . Find NJ.com Rutgers Football on Facebook .


Source link