Earthquakes strike 10-year stadium name deal with PayPal
The San Jose Earthquakes have struck a naming-rights deal with Silicon Valley brand PayPal in a move that could elevate the Major League Soccer team’s profile in the Bay Area and beyond.
The Quakes announced Monday they have a 10year agreement with the digital pioneer to rename their stadium PayPal Park that also will increase touchless payment this season.
“It is going to be a total game-changer as far as how the sport is perceived in this market and how our stadium is perceived on a national level,” said Jared Shawlee, the Earthquakes chief operating officer.
The team had gone three years without a namingrights deal after original sponsor Avaya withdrew from its $20-million, 10year agreement because of bankruptcy issues.
The Quakes declined to release the financial terms of the PayPal deal but Shawlee said it falls within the top half of MLS naming-rights agreements. He also said it is an increase from the Avaya terms. ORGANIZATIONS TO TEST CONCUSSION SUBSTITUTES >> U.S. Soccer, Major League Soccer and the National Women’s Soccer League are joining a trial program that will allow teams two additional substitutes for suspected concussions in each match.
The International Football Association Board, which sets the rules for the game, approved the trial for concussion substitutes last December. It is expected to run through August 2022.
Starting this season, teams can make two substitutions for suspected concussions. That’s in addition to the five substitutions already allowed because of the coronavirus. Normally teams are allowed three total substitutions.
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