SYRACUSE, N.Y. — After more than 40 years, The Syracuse University Carrier Dome is getting a name change, according to online sports-business publication “Sportico.”
The Dome will be named after JMA Wireless, a tech manufacturing company that is building a large campus in Syracuse.
42 years ago, Carrier paid $2.5 million for naming rights to The Dome “in perpetuity,” which in legal terms means forever.
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Syracuse University and Carrier have now come to a settlement over the naming rights to the stadium.
Nowadays, naming rights to stadiums go for tens of millions of dollars and come with time limits so that stadium owners can shop around for more money to keep or find new sponsors.
Syracuse University has been fighting the “forever” deal with Carrier and now, "Sportico" reporter Eben Novy-Williams says an agreement is in place to drop Carrier and add JMA Wireless to Syracuse’s iconic stadium.
This comes as the university recently received $20 million in state funding to complete the second phase of renovations on The Dome, which includes new seats, event space, and wireless 5G upgrades courtesy of JMA Wireless.
A statement from Syracuse University along with more information on the name change is expected.