The deal for the Vikings stadium naming rights has been been completed: U.S. Bank will pay $220 million over 20 years to the team for naming rights to the publicly funded stadium.
The Sports Business Journal first reported that the deal was signed in March and will be officially announced June 22. It will be called U.S. Bank Stadium.
The Journal, via its sister publication, the Minneapolis St. Paul Business Journal, orginally reported that the bank is “is paying $8.8 million per season, which is slightly less than what Levi Strauss & Co. paid for naming the San Francisco 49ers stadium in 2013.“
Later, the Star Tribune reported that the deal was for more than $9 million a year.
The billion dollar stadium, with the state paying for about half, is scheduled to open next year.