The Bengals may have a brand new title for his or her residence stadium.
The power previously generally known as Paul Brown Stadium will now be referred to as Paycor Stadium, the group introduced Tuesday. The Bengals offered the stadium naming rights to Cincinnati-based Paycor, an organization that focuses on human assets.
The settlement is for 16 years. Monetary phrases weren’t disclosed.
“It is a transfer that I believe my father would have agreed to. He was at all times for what’s greatest for the soccer group,” Bengals president Mike Brown stated in a press release. “This partnership permits the Bengals to proceed to compete on the highest degree within the NFL and exemplifies our long-term dedication to the group.”
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The transfer comes because the Bengals wish to capitalize on top-of-the-line seasons in franchise historical past. In 2021, Cincinnati reached the Tremendous Bowl for the primary time in 31 years. The Bengals misplaced to the Los Angeles Rams 23-20.
Since then, the franchise has offered the naming rights to the group’s observe facility, signed Altafiber (previously Cincinnati Bell) as a significant company sponsor and now added Paycor as effectively.
Monetary phrases weren’t disclosed. Based on the Bengals’ stadium lease with Hamilton County, the group will obtain the primary $16.67 million of income from the naming rights. After that, the group will obtain 70% whereas the county will get 30%.
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