San Francisco Giants' Stadium Renamed to Oracle Park

  • San Francisco Giants' Stadium Renamed to Oracle Park

San Francisco Giants' Stadium Renamed to Oracle Park

As first reported by the San Francisco Chronicle's Henry Schulman, the Giants announced a new naming rights deal with technology giant Oracle on Thursday. AT&T signs at the park are already being removed.

The change to Oracle Park will be immediate, with temporary signs going up Thursday.

While the deal's financial terms were not publicly disclosed, Bloomberg reported that Oracle will pay more than $200 million for a 20-year term, according to people familiar with the matter.

If that's any indication, the deal for the incoming Chase Center, which will host the Golden State Warriors in 2020, was stated to have cost JP Morgan Chase upwards of $300 million. The ballpark has been known as AT&T Park since 2006, and it has been home to three World Series championship teams over that span.

Oracle will remove its name from the Oracle Arena in Oakland once the Warriors move into Chase Center.

"We are extremely proud that one of the best and most storied ballparks in America will now be called Oracle Park". Oracle will replace AT&T as the team's naming-rights partner. It was Pacific Bell Park even before it opened in 2000, then SBC Park in 2003, and finally changed to AT&T Park when the telecom giant bought out its predecessors. "Oracle, with their investment with the arena over in Oakland, has clearly shown a lot of local ties, so I think it's something fans will be positive with".