The Seattle Mariners and T-Mobile (NASDAQ: TMUS) announced on Wednesday that the home field of the Mariners will be known as T-Mobile Park for the next 25 years. This partnership is subject to approval by the Washington State Major League Baseball Stadium Public Facilities District (PFD).
“T-Mobile has a deep commitment to this community, a passion for customer service and a well-earned reputation as a leader in innovation.
These are the qualities that make T-Mobile the right partner to name this iconic ballpark,” said John Stanton, Seattle Mariners Chairman and Managing Partner.
The Mariners recently finalized a new 25-year lease with the PFD, the public development authority that owns the ballpark. The agreement obligates the Mariners to pay a minimum of $600 million for ballpark maintenance, operations, capital upgrades and fan improvements over the next 25 years.
Mariners President and CEO Kevin Mather said, “Fans have come to expect a great experience at this ballpark and we have made a commitment to invest substantial club revenues over the next 25 years to make sure that continues. This partnership with T-Mobile will help us meet that obligation so that fans will have a first-class experience at T-Mobile Park for decades to come.”
At the end of the new lease agreement, the total investment of Mariners revenues into the publicly owned ballpark since 1999, will add up to over $1 billion.
The process of incorporating the T-Mobile branding assets throughout the ballpark will take place over the coming months. Much of it is expected to be completed by Opening Day on March 28, 2019, when the Mariners meet the Boston Red Sox.
December 21, 2018