Sponsorships are a major revenue driver for professional teams in all of the major leagues. In most cases, a team’s largest sponsorship deal is the stadium naming rights deal. Below are the ten most expensive stadium naming rights deals of all time (bottom of page).
As previously discussed, sponsorships are simply the exchanging of resources between two or more parties that each party deems equal. When a team and its venue are involved, the exchange is between the team (property) and a company whose marketing objectives align with that team. The goals of the sponsorship are different for each side. The team seeks financial investment, media and marketing exposure, and in-kind or price reduced products and services. The sponsor company may want a number of things, including: increased awareness, image enhancement, a platform to demonstrate products/services, hospitality opportunities and/or product trial/sales opportunities.
Directors are often brought up through the ranks as ticket sales managers or account executives. Directors oversee the sales and account management staff and work with the VP on strategies for targeting companies within different categories. Directors also work with the league office to stay current on open categories that the team is allowed to sell sponsorships in. Most leagues manage all sponsorship inventory, and disperse some of it down to the team level when it is more lucrative than selling league-wide deals.
It is critical for directors of sponsorship to have a strong understanding of sponsorship strategy and business strategy as well. Many have Master’s degrees either in business administration, marketing, sports management or a combination. Getting into sponsorship through sales or account management and working your way up is the best way to acquire these positions.
Compensation:
The following ranges of salaries were gathered by surveying team personnel within the different professional leagues. These salaries are not static and vary dependent upon many factors such as years of practice, education level, geographic region and team reputation.
Major League Baseball: $60,000 – $105,000
National Football League: $70,000 – $110,000
National Basketball Association: $60,000 – $90,000
National Hockey League: $50,000 – $80,000
Name |
Team |
Price (Millions) |
Contract (Years) |
Annual Income (Millions) |
Citi Field |
New York Mets |
$400 |
20 |
$20 |
Reliant Stadium |
Houston Texans |
$300 |
30 |
$10 |
FedEx Field |
Washington Redskins |
$207 |
27 |
$7.7 |
American Airlines Center |
Dallas Mavericks/Stars |
$195 |
30 |
$6.5 |
Philips Arena |
Atlanta Hawks/Thrashers |
$181.9 |
20 |
$9.1 |
University of Phoenix Stadium |
Arizona Cardinals |
$154 |
20 |
$7.7 |
Bank of America Stadium |
Carolina Panthers |
$140 |
20 |
$7 |
Lincoln Financial Field |
Philadelphia Eagles |
$139.6 |
20 |
$7 |
Lucas Oil Stadium |
Indianapolis Colts |
$121.5 |
20 |
$6.1 |
Invesco Field at Mile High Stadium |
Denver Broncos |
$120 |
20 |
$6 |
Staples Center |
Los Angeles Lakers/Clippers/Kings |
$116 |
20 |
$5.8 |