|
Post by Bornthrilla on Aug 20, 2019 9:48:22 GMT -5
What was gained?
*$1.5 million dollars annually throughout the duration of the contract *Relationship with a major bank that just become the worlds # 6 largest bank
Not speaking of what I heard but from what I know! My wife is the current VP of Marketing for BB&T.
The question of what is happening with the 1.5 million should be directed at Mr. Martin & Mr. Hilton
No disrespect to your wife, but your information is bad. We are not getting $1.5 million annually throughout the duration of the contract. The agreement was a 10 year deal for a total of $1.5 million. That means we are getting just $150,000 each year. If we were getting $1.5 million a year from this deal I would tattoo Earl Hilton's name on a visible part of my body.
|
|
aw8
New Member
Posts: 3
|
Post by aw8 on Aug 20, 2019 9:52:41 GMT -5
I posted the wrong info but right its $150,000 per year.
|
|
oleschoolaggie
Official BDF member
2009 Poster of the Year, 2009 Most Knowledgeable Poster
Posts: 24,164
|
Post by oleschoolaggie on Aug 20, 2019 14:35:52 GMT -5
well, the way that i see it? is before we made the bb&t deal, what did we gain by our football stadium being named aggie stadium? answer? pretty much "nothing" financially.
so to me, unless somebody is willing to pay more than bb&t, then we've gained $150k per year for 10 years simply by changing the name of our stadium, which the name itself previously did not generate not even "one dime" for a&t.
most aggies still call our stadium "aggie stadium". so in my eyes, we're getting paid to place the name "bb&t" on our stadium without sacrificing anything other than "pride". and assuming the cost to place the name "bb&t" on our stadium was paid by bb&t, then we're making out like bandits because very few "if any" hbcu's have stadium naming rights agreements in place like we do. so its not like other corporations are "drooling at the mouth" to pay us for naming rights.
so to me, we're getting paid $150k per year for doing virtually "nothing". however, if a&t had to pay the cost of placing the name "bb&t" on our stadium, then deduct that cost from the $150k per year and the balance is what we're getting paid every year for doing virtually "nothing"...
|
|
Aggie77
Official BDF member
Member Since: September 2004
Posts: 5,570
|
Post by Aggie77 on Aug 20, 2019 15:45:04 GMT -5
I expect Hilton can answer this question. Anything else is just conjecture. Are you new here or something? Without conjecture what would you hope to find here. Let's hear your opinion, what did we get out the BB&T deal?
|
|
|
Post by AggiePride on Aug 20, 2019 16:06:02 GMT -5
Truist stadium now.
|
|
Aggie77
Official BDF member
Member Since: September 2004
Posts: 5,570
|
Post by Aggie77 on Aug 20, 2019 16:26:46 GMT -5
What was gained?
*$150,0001.5 million dollars annually throughout the duration of the contract *Relationship with a major bank that just become the worlds # 6 largest bank
Not speaking of what I heard but from what I know! My wife is the current VP of Marketing for BB&T.
The question of what is happening with the 1.5 million should be directed at Mr. Martin & Mr. Hilton
I'm generally benign to these; for the lack of a better description "pretentious posts", but for some reason these two posts saying, "why don't you ask Hilton", seems to be giving me (and I mean us) the stink eye! But first, are you and tlc88 the same person? Now, kindly provide detail steps on how we (and I mean you) should proceed in directing a question to Dr. Martin and/or Mr. Hilton? So the whole world (and I mean the whole world) will know, because they just tell anybody, anything, anytime!
|
|
saabman
Official BDF member
Posts: 11,768
|
Post by saabman on Aug 21, 2019 8:09:50 GMT -5
well, the way that i see it? is before we made the bb&t deal, what did we gain by our football stadium being named aggie stadium? answer? pretty much "nothing" financially. so to me, unless somebody is willing to pay more than bb&t, then we've gained $150k per year for 10 years simply by changing the name of our stadium, which the name itself previously did not generate not even "one dime" for a&t. most aggies still call our stadium "aggie stadium". so in my eyes, we're getting paid to place the name "bb&t" on our stadium without sacrificing anything other than "pride". and assuming the cost to place the name "bb&t" on our stadium was paid by bb&t, then we're making out like bandits because very few "if any" hbcu's have stadium naming rights agreements in place like we do. so its not like other corporations are "drooling at the mouth" to pay us for naming rights. so to me, we're getting paid $150k per year for doing virtually "nothing". however, if a&t had to pay the cost of placing the name "bb&t" on our stadium, then deduct that cost from the $150k per year and the balance is what we're getting paid every year for doing virtually "nothing"... Correct me if I'm wrong but with these type of naming right contracts do they not include a minimal fan capacity requirement for home game's ? And if the minimal numbers are not met over the period of the contract the naming rights price can be renegotiated or withdrawn all together ?
|
|
oleschoolaggie
Official BDF member
2009 Poster of the Year, 2009 Most Knowledgeable Poster
Posts: 24,164
|
Post by oleschoolaggie on Aug 21, 2019 10:39:07 GMT -5
well, the way that i see it? is before we made the bb&t deal, what did we gain by our football stadium being named aggie stadium? answer? pretty much "nothing" financially. so to me, unless somebody is willing to pay more than bb&t, then we've gained $150k per year for 10 years simply by changing the name of our stadium, which the name itself previously did not generate not even "one dime" for a&t. most aggies still call our stadium "aggie stadium". so in my eyes, we're getting paid to place the name "bb&t" on our stadium without sacrificing anything other than "pride". and assuming the cost to place the name "bb&t" on our stadium was paid by bb&t, then we're making out like bandits because very few "if any" hbcu's have stadium naming rights agreements in place like we do. so its not like other corporations are "drooling at the mouth" to pay us for naming rights. so to me, we're getting paid $150k per year for doing virtually "nothing". however, if a&t had to pay the cost of placing the name "bb&t" on our stadium, then deduct that cost from the $150k per year and the balance is what we're getting paid every year for doing virtually "nothing"... Correct me if I'm wrong but with these type of naming right contracts do they not include a minimal fan capacity requirement for home game's ? And if the minimal numbers are not met over the period of the contract the naming rights price can be renegotiated or withdrawn all together ? saab, i'm not privy to the details of our contract, nor am i privy to anybody else's naming rights contract. so i don't know the answers to your questions, i don't know how that stuff works...
|
|
|
Post by neighborhoodsuperstar on Aug 21, 2019 11:03:29 GMT -5
I think we have enough football cache now to where we can clearly get more than $150K per year. If we are going to open our stadium to being named any ole thing, ask other businesses if they'd be willing to fork more money over for naming rights.......
Dudley's Hair Care Products Stadium Stephanie's Restaurant Stadium Swisher Sweets (Blueberry Flavor) Stadium
Seriously speaking.....$150K ain't nothing for a legitimate company to drop, especially a bigazz bank! I know you have to crawl before you can run, but $150K/yr is a snail's pace type of crawl. We can clearly do better than this. I can't imagine that a buyout clause to have the stadium renamed is that much. If the total deal is $1.5 million, I cannot imagine some huge financial fine would be imminent if another company was willing to purchase the naming rights to the stadium.
I think it is fair to ask what BB&T has provided us in this deal.....asking Earl Hilton or Chancellor Martin such a question would not be considered blasphemy. I know both gentleman fairly well. They are receptive to interaction/questions. Frankly, based upon our recent success, they are probably thinking THEMSELVES whether $1.5 million over 10 years justifies the BB&T name being put on our stadium.
This is a legitimate question that really shouldn't spark any type of contentious argument. $150K per year simply ain't enough for what this football program has been able to achieve recently....
|
|
|
Post by marchingband1969 on Aug 21, 2019 12:31:53 GMT -5
There are two reasons companies spend marketing dollars on "naming rights." They believe they will get more paying customers or they will increase their public image. Small to medium sized businesses will only pay out this level of funds for guaranteed paying customers. Only large established companies are willing to pay for public image.
Our relationship with BB&T may not be that large now but it puts us in the "public image" arena. I expect that we can now start working on the renewal and shop other large companies. BTW, at Panthers stadium, the first company paid $20 million for 5 year naming rights. Bank America is now paying 5 times that amount. We're in the game thanks to BB&T and now it's our responsibility to do what Aggies do...win!
|
|
A&T-roy
Official BDF member
Posts: 4,491
|
Post by A&T-roy on Aug 21, 2019 13:47:11 GMT -5
What was gained?
*$150,0001.5 million dollars annually throughout the duration of the contract *Relationship with a major bank that just become the worlds # 6 largest bank
Not speaking of what I heard but from what I know! My wife is the current VP of Marketing for BB&T.
The question of what is happening with the 1.5 million should be directed at Mr. Martin & Mr. Hilton
I'm generally benign to these; for the lack of a better description "pretentious posts", but for some reason these two posts saying, "why don't you ask Hilton", seems to be giving me (and I mean us) the stink eye! But first, are you and tlc88 the same person? Now, kindly provide detail steps on how we (and I mean you) should proceed in directing a question to Dr. Martin and/or Mr. Hilton? So the whole world (and I mean the whole world) will know, because they just tell anybody, anything, anytime!
|
|
A&T-roy
Official BDF member
Posts: 4,491
|
Post by A&T-roy on Aug 21, 2019 13:53:58 GMT -5
Aggie77 - My name is Troy Coleman and I wasn't trying to give anybody the "stink eye". I've emailed Hilton a few times and he's responded pretty quickly. I didn't say anything about going to Dr. Martin, though I have gone to him for other stuff and he's been very responsive...looks like we going to get another company added to the list of companies the recruit out students. Hilton has given me correct info. in the past (Celebration Bowl payout, reason why we are not going to put turf on our field, etc.). That said, I know they can say anything BUT that doesn't mean we shouldn't ask them. One can get Hilton's email address from the school website in the Directory. The person that asked the original question can email him if he wants to know. That's basically all I was saying.
|
|
Aggie77
Official BDF member
Member Since: September 2004
Posts: 5,570
|
Post by Aggie77 on Aug 21, 2019 14:46:47 GMT -5
Aggie77 - My name is Troy Coleman and I wasn't trying to give anybody the "stink eye". I've emailed Hilton a few times and he's responded pretty quickly. I didn't say anything about going to Dr. Martin, though I have gone to him for other stuff and he's been very responsive...looks like we going to get another company added to the list of companies the recruit out students. Hilton has given me correct info. in the past (Celebration Bowl payout, reason why we are not going to put turf on our field, etc.). That said, I know they can say anything BUT that doesn't mean we shouldn't ask them. One can get Hilton's email address from the school website in the Directory. The person that asked the original question can email him if he wants to know. That's basically all I was saying. Thank you for your response I really appreciate it. However, I think you missed the point, and definitely missed the sarcasm. Please enjoy the many discussions, share your wisdom often and happy posting!
|
|
saabman
Official BDF member
Posts: 11,768
|
Post by saabman on Aug 21, 2019 15:26:51 GMT -5
Shouldn't you be able to get that information about the Aggie Stadium naming rights contract under the Freedom information Act ??
|
|
|
Post by aggieswag on Aug 23, 2019 11:31:14 GMT -5
I think there should be an explanation of what we are getting out of this deal. You could sell Krispy Kreme donuts and get more than 150k a year. That in the fact they gave HP 5x what they gave us when our football games, track and field, and tv will expose BB&T to 100x more customers than a sally league bball team in hp that will never have more than 1500 folks and no one from out of town will ever go there and they will never be on tv.
I do believe that there has to be something better,not even the most incompetent can make a deal that bad. For transperancy purposes they should include the details. The blood sweat and tears of the AAF built that stadium way back when, and if they going to change the name the AAF should not be requesting info, it should be demanded.
|
|