Current:Home > MyBrowns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home -DollarDynamic
Browns sign 20-year stadium rights deal with Huntington Bank as they position for possible new home
View
Date:2025-04-24 21:37:08
CLEVELAND (AP) — As they position themselves for a possible new domed stadium, the Cleveland Browns are renaming their current one.
The NFL team on Tuesday announced a 20-year agreement with Huntington National Bank, a partnership that includes naming rights. Cleveland’s lakefront stadium will now be called Huntington Bank Field.
The Browns open the 2024 season at home on Sunday against the Dallas Cowboys.
“We are thrilled to reach a long-term partnership agreement with Ohio’s own Huntington Bank,” Browns owners Dee and Jimmy Haslam said. “Huntington Bank has a long-standing reputation of excellence and they continue to grow both regionally and nationally, while keeping their roots here in Ohio.
“Giving back to the community and a focus on education are two of the many attributes that bond our organizations, and we look forward to working with Huntington to make positive impacts in Northeast Ohio and beyond.”
Financial terms were not immediately known.
Huntington is headquartered in Columbus, Ohio. The Haslams also own the MLS Columbus Crew.
The 65,000-seat lakefront stadium had been known as Cleveland Browns Stadium after an agreement with FirstEnergy Corp. ended in 2023. FirstEnergy’s partnership with the team came under scrutiny after the utility company admitted to paying bribes to Ohio lawmakers.
The new partnership comes as the Haslams consider moving the team out of downtown and into a domed stadium. The team recently unveiled plans for a $2.4 billion dome to be built in Brook Park, Ohio. That proposal also includes retail properties and hotels.
The Haslams, who have owned the Browns since 2012, feel a new stadium and entertainment complex could lure major events like a Super Bowl, Final Fours and music acts to the city, triggering development and economic growth.
The team’s lease at its current stadium expires after the 2028 season.
The city has pushed back at those plans, arguing that moving the Browns would have a detrimental impact on downtown. The city has offered to pay roughly half of a $1.1 billion proposal to renovate the stadium, which opened in 1999 when Cleveland returned to the league as an expansion franchise.
___
AP NFL: https://apnews.com/hub/nfl
veryGood! (45)
Related
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- The death toll from floods in Greece has risen to 15 after 4 more bodies found, authorities say
- Explosion at Archer Daniels Midland facility in Illinois injures employees
- Coco Gauff's maturity, slow-and-steady climb pays off with first Grand Slam title
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Ashton Kutcher, Mila Kunis address criticism for sending character reference letters in Danny Masterson case
- Dutch court sentences former Pakistani cricketer to 12 years over a bounty for a far-right lawmaker
- The United States marks 22 years since 9/11, from ground zero to Alaska
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Dutch court sentences former Pakistani cricketer to 12 years over a bounty for a far-right lawmaker
Ranking
- Why members of two of EPA's influential science advisory committees were let go
- Jennifer Garner's Trainer Wants You to Do This in the Gym
- 1 year after Queen Elizabeth's death and King Charles' ascension, how has Britain's monarchy fared?
- AP Top 25 Takeaways: Texas is ready for the SEC, but the SEC doesn’t look so tough right now
- A South Texas lawmaker’s 15
- ‘The Nun II’ conjures $32.6 million to top box office
- Ocean cleanup group deploys barges to capture plastic in rivers
- Jessa Duggar is pregnant with her fifth child: ‘Our rainbow baby is on the way’
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
India forges compromise among divided world powers at the G20 summit in a diplomatic win for Modi
Germany defeats Serbia for gold in FIBA World Cup
Scarfing down your food? Here's how to slow down and eat more mindfully
Louvre will undergo expansion and restoration project, Macron says
Are almonds good for you? Learn more about this nutrient-dense snack.
Overdose-reversing drug administered to puppy after possible fentanyl exposure in California
California school district to pay $2.25M to settle suit involving teacher who had student’s baby