Current:Home > InvestOpinion: Corporate ballpark names just don't have that special ring -FinTechWorld
Opinion: Corporate ballpark names just don't have that special ring
View
Date:2025-04-18 15:28:53
Ballpark names aren't what they used to be. And I mean that — to use an overworked word of our times — literally.
Oracle Park in San Francisco used to be Pac-Bell, after it was SBC, after it was AT&T Park. U.S. Cellular Field in Chicago, which some of us might think of as, "the new Comiskey Park", is now Guaranteed Rate Field. Does anyone ever say, "Gosh, they got great dogs at Guaranteed Rate Field!" T-Mobile Park in Seattle is the new name for Safeco Field. Progressive Field in Cleveland has nothing to do with Bernie Sanders — it's the name of an insurance company, on the stadium that used to be Jacobs Field.
The Houston Astros play in Minute Maid Park. It was Enron Field when the park opened in 2000, but in 2001, the oil company went bankrupt in a sensational accounting scandal. The Astros had to sue to get the Enron name off of their ballpark, but won their division. They had a better year than Enron.
Fans like me might be pointlessly sentimental when it comes to stadium names, but they used to be personal, not corporate. They were named after people, sometimes the owners: Comiskey and Wrigley in Chicago, Crosley in Cincinnati, and Griffith in Washington, D.C. Ebbets Field in Brooklyn was named for a man who used to be a ticket taker, but would come to own the Dodgers. Some other names came from the stadiums' locations: Fenway, a neighborhood in Boston, or Candlestick, for a tip of land that juts into San Francisco Bay.
And of course what name invokes more fame and grandeur than Yankee Stadium?
The change came when teams realized they could sell companies the rights to put their corporate monikers on their ballparks, and turn the whole thing into a billboard. But naming rights may not be as extravagant an expenditure as you think.
It costs JPMorgan Chase and Co. $3.3 million a year to put their bank name on the Phoenix ballpark. It costs Petco $2.7 million a year to put their pet supply company name on San Diego's ballpark, and the Guaranteed Rate Mortgage Company pays just over $2 million a year to have their name on the stadium where the White Sox play.
I don't want to characterize any of those fees as chump change. But the average salary of a major league ballplayer today is higher than any of those rates, at nearly $5 million a year.
Instead of seeing stadium names as one more chance to sell advertising, teams could salute players and fans by naming their parks after one of their own departed greats. There should be a Jackie Robinson Park, a Roberto Clemente Field, and one day perhaps, a Shohei Otani Stadium. They're the names that made games worth watching.
veryGood! (1)
Related
- 'Most Whopper
- 2024 MLB mock draft: Latest projections for every Round 1 pick
- Nordstrom Anniversary Sale 2024: Shop Activewear Deals from Beyond Yoga, adidas, SPANX & More
- Houston community groups strain to keep feeding and cooling a city battered by repeat storms
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- First victim of Tulsa Race Massacre identified through DNA as WWI veteran
- Eddie Murphy and Paige Butcher Get Married in Caribbean Wedding
- World’s first hydrogen-powered commercial ferry set to operate on San Francisco Bay, officials say
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Rep. Adam Smith on why Biden should step aside — The Takeout
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Chiefs star Patrick Mahomes, wife Brittany announce they're expecting third child
- Conservative groups are pushing to clean voter rolls. Others see an effort to sow election distrust
- Blue Bell limited edition flavor has a chocolatey cheesy finish
- Meta releases AI model to enhance Metaverse experience
- Chiefs star Patrick Mahomes, wife Brittany announce they're expecting third child
- Map shows all the stores slated to be sold in Kroger-Albertsons merger
- Wisconsin governor declares state of emergency for 4 counties, including 1 where flooding hit dam
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Diana Taurasi will have 2 courts named after her at Phoenix Mercury’s new practice facility
After embrace at NATO summit, Zelenskyy takes his case for US military aid to governors
Georgia state tax collections finish more than $2 billion ahead of projections, buoying surplus
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Princess of Wales set to attend Wimbledon men’s final on Sunday in rare public appearance
Glen Powell Details Friendship With Mentor Tom Cruise
MOD Pizza has new owner after closing 44 restaurants amid bankruptcy rumors