Syracuse Says 36 Years Is Enough on Permanent Stadium Name Deal
- Carrier Corp. paid $2.75 million for naming rights in 1980
- Stadium to replace roof as part of $255 million campus upgrade
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Syracuse University is asking for more money from Carrier Corp. in order to keep the heating-and-cooling company’s name on the domed stadium in central New York.
The current deal with Carrier is one of the sweetest in sports. Before the 50,000-seat stadium opened in 1980, Mel Holm, Carrier’s chief executive officer at the time, gave $2.75 million to the university in exchange for naming rights in perpetuity. As the value of those rights has soared in the ensuing decades, Syracuse has been left out in the cold.