The San Francisco Giants will be playing in the same ballpark next year, but the stadium will have a different name.
According to the San Francisco Chronicle, the Giants have split with AT&T and have agreed to a 20-year deal with Redwood City-based Oracle to rename their stadium Oracle Park.
Terms of the deal have not been disclosed but Giants president and CEO Larry Baer said the terms were “very much in line with other recent naming-rights deals for top-tier facilities.”
By that standard, the deal could be worth anywhere from $300 to $350 million, which is a decent bump over the $100 million AT&T paid for the 23 years of naming rights they agreed to in 1996.
The change is effective immediately. The Chronicle reports that the original AT&T signs that were installed in 2006 were being removed Thursday and replaced with temporary Oracle banners.
