Big 12 Considers Historic Naming Rights Deal with Allstate
The potential agreement could generate significant revenue for the conference, helping to offset rising costs and maintain competitiveness.
- The Big 12 is exploring selling its naming rights to Allstate, a move that could bring in up to $60 million annually.
- Each of the 16 member schools could receive approximately $3 million per year from the deal.
- The conference faces financial pressures, including a $20 million increase in expenses due to a recent antitrust lawsuit settlement.
- The naming rights deal is unprecedented in major American sports and could set a new trend.
- While there are concerns about brand equity, the potential financial benefits are substantial.