Report: T-Mobile buys naming rights for Safeco Field?
SEATTLE -- The Seattle Mariners' colors are blue and teal, but will there be shades of pink at their home ballpark next season as well?
T-Mobile is buying the naming rights to what is currently Safeco Field, according to a report in Forbes magazine, citing anonymous sources. However, the Seattle Mariners deny the report.
Forbes reported the Bellevue-based telecommunications company is rumored to be paying $3 million a year for the rights. But a spokesperson for the Mariners says the team does not have an agreement in place and can't finalize any agreements until their new ballpark lease is approved by the Public Facilities District.
"Until we have a final lease agreement, we won’t be able to have a final agreement with a naming rights partner," said Rebecca Hale with the Seattle Mariners.
A spokesperson for T-Mobile told KOMO News they are "always looking for ways to show our hometown love" but they have no news to share.
Hale went on to say that she expects the new 25-year lease agreement between the Mariners and the Public Facilities Director to be finalized by the end of the year.
That is when Safeco Insurance’s naming rights expire.
Safeco Insurance had held the naming rights since the park opened in 1999. The company, which had since been bought out by Liberty Mutual, announced in 2017 it would not renew its naming rights deal after the 2018 season.
Hale said the revenue will go towards operating and maintenance costs.
In September, the King County Council approved a compromise deal to spend $135 million over 25 years for improvements to Safeco Field requested by the Seattle Mariners.
"The Mariners will pay for roughly 83 percent of all operations, maintenance and capital improvements over the next 25 years with public funding taking care of the rest and we think it's a fair deal," said Mariners Executive Vice President Fred Riviera.
Single-game tickets go on sale for the Mariners 2019 season on Saturday.