UCF is shut to finalizing a stadium naming rights deal with 3MG Roofing, pending a Board of Trustees vote Wednesday.
3MG Roofing, a Central Florida-primarily based construction business, submitted a letter of intent contacting for a 12 year, $20 million agreement that features renaming the UCF Knights’ football stadium “3MG Stadium,” according to the Board of Trustees agenda for Wednesday’s unique meeting.
The agreement, which would start off Sept. 1, phone calls for payment of $20 million above 12 several years to the UCF Athletics Association with annual sponsorship payments escalating more than the payment schedule.
3MG Roofing turned a UCF Athletics husband or wife in January. As element of the offer, 3MG Roofing’s emblem has been portion of LED signage at UCF soccer and basketball video games and is a media backdrop sponsor.
3MG Roofing will swap Spectrum, formerly Vibrant Home Networks, as the earlier UCF soccer stadium husband or wife, a deal that finished in summer months 2020.
Following the stop of Spectrum’s deal, there was an arrangement in put with RoofClaim.com, which reportedly would have paid UCF $35 million over 15 many years, but it fell via. UCF’s on-campus soccer stadium has been officially named “The Bounce House” considering the fact that August of last yr.
On Wednesday, the Board of Trustees will also vote whether or not to settle for the Hula Bowl’s ask for to rent the Bounce Dwelling for its yearly higher education soccer all-star match on Saturday, Jan. 15, 2022.
Daniella Medina is a contributing author for Black & Gold Banneret. Comply with her on Twitter @danimedinanews.