Oracle, SF Giants reach stadium naming-rights deal

Oracle Park replaces AT&T Park after Giants agree to new 20-year naming rights agreement

Oracle Park replaces AT&T Park after Giants agree to new 20-year naming rights agreement

The team's ballpark at 24 Willie Mays Plaza will be renamed from AT&T Park to Oracle Park for the next two decades, the team said.

The San Francisco Giants have reached a 20-year deal with Oracle for the rights to rename AT&T Park to Oracle Park immediately, officials announced Wednesday.

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

Terms of the deal are not being disclosed, but in an interview Wednesday, Giants President and CEO Larry Baer termed it "very much in line with other recent naming-rights deals for top-tier facilities".

The deal is reportedly worth more than $200 million.

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Oracle, a Redwood City technology company, has also held naming rights to Oracle Arena, the home venue of the Golden State Warriors, since 2007.

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

The ballpark about to be known as Oracle Park opened in April 2000 and is already on its fourth name.

AT&T gave the Giants the option to end their deal a year early if the team could find another partner. "The Giants have always been on the forefront of bringing innovative experiences to baseball, and we are excited to continue that tradition", said Mark Hurd, CEO of Oracle. However, Giants president and CEO Larry Baer told Schulman that AT&T chose to go in a different strategic direction during the two sides' renegotiation period.

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