MetLife has agreed to terms for the naming rights to the New Meadowlands Stadium, the home of the New York Football Giants and New York Jets. The deal is valued at $20 million a year for 20 years and will be officially announced early next week. Representatives from the Met Life Insurance Company, both the Jets and Giants and a “number of star players” are expected to attend the announcement.
MetLife is currently a cornerstone partners in a deal worth $7M annually. Per the terms of the new deal, the name of the stadium will be changed MetLife Stadium.