The home of the New York Jets and New York Giants now has a new name. MetLife announced it has agreed to a 25-year deal with the two teams to name the facility, formerly known as New Meadowlands Stadium, MetLife Stadium. There will be an event this Friday at Bryant Park in Manhattan including players from both teams to celebrate the naming rights to the stadium being purchased. The festivities will begin at 1:00 p.m.
MetLife is one of the leading life insurance providers worldwide, and is now the official insurance company of the Jets and Giants. MetLife Stadium is the only facility in the NFL that plays host to the home games for two teams, and will be the site of Super Bowl XLVIII.
“Today’s announcement begins the next chapter of a spectacular collaboration with MetLife,” said Woody Johnson, chairman and chief executive officer of the New York Jets. “MetLife’s increased presence at the Stadium will greatly enrich the game day experiences for all visitors, and with a full roster of activities and events, the inaugural season at MetLife Stadium will be unlike any other.”
The agreement will certainly help the financial standing of both teams, owners of two of the highest debt-to-value ratios in the NFL. MetLife was also the first cornerstone sponsor for the Jets and Giants, providing a unique fan experience on game days.
The event on Friday, August 26, features Rex Ryan, Mark Sanchez, and Darrelle Revis of the Jets, along with Tom Coughlin, Eli Manning, and Justin Tuck of the Giants, in addition to other players. The event will be hosted by Mike Golic.
The timing of the deal couldn't be any better, with MetLife Stadium set to host the preseason game between both occupants, the Jets and Giants, this Saturday.
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