The letters that spelled out the name of football legend Paul Brown were taken off of the front gate of the stadium Wednesday to make way for a new name. However, it seems like the county is more interested in the fine print of the naming rights contract. “From a fan perspective, I was excited about it, but also as a county commissioner,” said Hamilton County commissioner Alicia Reece. “But, let’s put the emotion aside and get into what’s in black and white.”Reece said she’s in favor of the new naming rights that will make the home of the Bengals, Paycor Stadium, but she’s concerned about some of the details.The contract says that after the first $16.6 million, they split naming rights money with the Bengals getting 70% and the county getting 30%. Reece said there are some other layers to the contract that her financial team has analyzed and determined that the county will get a much smaller amount than that.There is also a clause that has the county paying for “fulfillment costs.”Those are things like advertising, private suites, club seats and tickets among others and there is no cap on those costs.Reese wants to renegotiate the deal because the county contract only extends to 2026 and the naming rights contract runs 13 years beyond that.“We’re happy that it’s a local company. We’re happy for the Bengals. What I’m trying to get to is a win, win, a win for the local company, a win for the Bengals and a win for the taxpayers,” Reese said.
The letters that spelled out the name of football legend Paul Brown were taken off of the front gate of the stadium Wednesday to make way for a new name.
However, it seems like the county is more interested in the fine print of the naming rights contract.
“From a fan perspective, I was excited about it, but also as a county commissioner,” said Hamilton County commissioner Alicia Reece. “But, let’s put the emotion aside and get into what’s in black and white.”
Reece said she’s in favor of the new naming rights that will make the home of the Bengals, Paycor Stadium, but she’s concerned about some of the details.
The contract says that after the first $16.6 million, they split naming rights money with the Bengals getting 70% and the county getting 30%.
Reece said there are some other layers to the contract that her financial team has analyzed and determined that the county will get a much smaller amount than that.
There is also a clause that has the county paying for “fulfillment costs.”
Those are things like advertising, private suites, club seats and tickets among others and there is no cap on those costs.
Reese wants to renegotiate the deal because the county contract only extends to 2026 and the naming rights contract runs 13 years beyond that.
“We’re happy that it’s a local company. We’re happy for the Bengals. What I’m trying to get to is a win, win, a win for the local company, a win for the Bengals and a win for the taxpayers,” Reese said.
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