Monday, November 13, 2006

Cisco Announces Deal with Oakland A's

Cisco announced a deal with the Oakland Athletics (A's) to build a baseball stadium in Fremont, California. Highlights of the deal include:

  • Cisco will purchase the naming rights to the ballpark. This 30-year deal is valued at $4 million annually, with the potential for annual increases based on inflation. This naming rights agreement is transferable at any time.

  • Separate to this agreement, Cisco will sell its 143-acre parcel of land in Fremont to the A's. The land is intended to become the future site of Cisco Field and a surrounding Baseball Village development. The terms of this land transaction are not being publicly disclosed, as the deal is still subject to final negotiation.

  • Cisco will become the "Official Technology Partner of the A's and Cisco Field."