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The Carrier Dome Renaming Thread...
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[QUOTE="qdawgg, post: 3080680, member: 52"] I don't see the last part happening, that's a lose/lose/lose for Carrier. Carrier isn't going to want to throw money at SU that it doesn't feel is necessary since there is already a contract AND then allow SU to go do its own thing in 10 years when it has no contractual obligation to do that. I think people are overestimating the bargaining power SU has. There is no precedence for SU to just get out of this contract. Unless Carrier and SU can reach some agreement, which I can't think of an agreement that is favorable to Carrier, unless SU legally being able to not include "Carrier" on most/all of the promotional stuff forces Carrier to change the agreement. But in order to get out of this contract completely it's going to require some court time, which will cost significant money b/c as far as I can tell SU will be asking a court to set some level of precedence on contracts like this. I highly doubt SU is going to want to ante up the money for that, especially since I don't think there's a guarantee at all of success. I also have two friends who are CEO/CFO of a local NYS company that's a regional company but with a national presence. They had a marketing deal with the NY Islanders a number of years ago, compared to a stadium deal it wasn't a lot of money but it wasn't cheap either per year. I was told as soon as the contract was up, which was within months, they would not be renewing it. There was no benefit they could see from having the deal at all and ultimately saw it as a waste of money. Now, it's the NY Islanders. So there's that. It was also a little different circumstances and not apples to apples. But in talking with them in general about marketing, etc. it sounded like more companies were not seeing the benefits of spending money on being in stadiums, or similar types of things. Obviously companies are still throwing money around for these things but my point is, in the Syracuse area, I don't think SU is going to see the type of money some people think it can, if it can get out of the Carrier deal. [/QUOTE]
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