New Orleans’ iconic Superdome may soon bear the Caesars Entertainment name and logo, under a 20-year naming rights deal with the Saints that is nearing completion and won required legislative backing today.
Terms of the contract are still being finalized. But the deal is estimated to be worth about $138 million through 2041, according to information provided to the Joint Legislative Committee on the Budget, the House and Senate panel that approved the naming rights transfer without objection.
The money will go to the Saints organization, as provided in state law as part of Louisiana’s contractual arrangement with the NFL team.
But the Saints intend to spend the cash on renovations and upkeep of the domed stadium, says Evan Holmes, with ASM Global, the company that manages the state-owned Superdome and other facilities in the Louisiana Stadium and Exposition District.
The Superdome bore the Mercedes-Benz name and icon for the past decade, but that 2011 sponsorship expires July 31. Caesars wants to take over the naming rights starting in August.
The Saints say a formal announcement of the new sponsorship agreement will come when a final deal is struck with Caesars Entertainment. Photos of how the dome exterior and interiors will look with the new Caesars Superdome branding, signage and logo were provided to lawmakers.
The Superdome hosts not only home Saints games but also Essence Festival, the New Orleans Bowl, the Allstate Sugar Bowl, the Bayou Classic football game between Southern University and Grambling State University, as well as other events. The 2025 Super Bowl is scheduled to be played in the stadium. Read the full story.