For more than $200 million, Oracle Corporation, the world’s second-largest software maker, paid for naming rights to AT&T Park, home of the San Francisco Giants. The agreement, first reported by Henry Schulman of the San Francisco Chronicle, will last for 20 years and the change is effective immediately.
“The AT&T signs that were installed in 2006 are being removed, to be replaced Thursday with temporary Oracle Park banners.”
This is the fourth name for the 18-year-old, waterfront ballpark in San Francisco’s South Beach neighborhood. Monikers have included Pac Bell Park, SBC Park, and AT&T Park, with the latter name being the longest and most noteworthy as the home team clinched three World Series championships during the name’s reign.
This isn’t the Redwood City-based tech company’s first foray into sports arena naming. Oakland Arena, where the Golden State Warriors play, was named Oracle Arena (though few referred to it by its purchased name).
Oracle Park will be located a few blocks away from Chase Center, in nearby Mission Bay, which is tentatively slated to open later this year.