So your cousin has a sophomoric sense of humor and also doesn’t know what he’s talking about with UW’s deal?
Stadium Vote:
- Thread starter PSUFTG
- Start date
So the largest field sponsorship deal in college sports at $50m wasn’t enough because @lionJC said so. Got it.
Why do I get this feeling that you’re not actually “The Pennsy Oracle” from the old BWI board?
Your posts have a familiar style, especially the start of your responses. Do you actually think you’re fooling anyone?
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Paterno’s (in various forms) have already given MUCH, MUCH more.
Because with our him, they would have played for Rutgers.
His legacy was trashed by those “leaders” they played under.
Still need a coach that can win a meaningful game (no, Potato State dies not count).
Yes, its all a grand conspiracy to make the old Pennsy look bad.Why do I get this feeling that you’re not actually “The Pennsy Oracle” from the old BWI board?
Your posts have a familiar style, especially the start of your responses. Do you actually think you’re fooling anyone?
Or…..
I am one and the same and you wear tinfoil hats.
So if we name the field after Joe, we are instant Championship contenders? GTFOOH with your nonsense.
LOL. These two losers --- by my count, their "all-time record going back to November 2011" as regards all things Joe Paterno is now 0-154329.
Even the Washington Generals aren't that bad!
To his credit, Jay hasn't --- at least to the best of my knowledge --- acted as a paid shill for the Kingdom of Saudi Arabia lately.
The BOT is ROT. So it’s a record setting agreement but they have less than 48 hrs to review? As usual, decisions are made behind the scenes. They told Sue that Joe has a Smithsonian display planned at the museum coming. That’s great. WSH is paying $475k a game. Seems cheap and can’t wait to see what else they receive.
For those who didn’t watch the video:
www.pennlive.com
Former Penn State QB speaks out against Beaver Stadium name change
Former Penn State quarterback and university trustee Matt McGloin spoke out against the Beaver Stadium naming rights agreement, in favor of recognizing Joe Paterno.
www.pennlive.com
I understand and respect that everyone has an opinion on this. I'm satisfied that the decision makers went with the best financial offer. I fail to see why they would not. I also understand that nothing about "college football" resembles the game I've loved for more than 60 years. I'm not convinced that this process could not have been orchestrated in a manner to be palatable to Joebots like me. Putting Joe's name on the field without an overwhelming financial deal would have been a PR disaster and financially irresponsible. That's hard to dismiss. While I will never understand PSU fans who never took the time to study and understand the false narrative......I do get that the average person only knows what they hear or read.
I would have liked to see a meaningful gesture honoring Sue and Joe come forward in unison with the branding announcement. Something that would assure us Joebots that Joe would no longer be treated as persona non grata .....because there is no way in hell this program or this stadium is even close to where it is without him. Instead, I feel like they slammed the door, once again. Yes, nothing would please Joe or honor him more than winning an NC as Mauti says. But I have a question.....if PSU wins a National Championship, will the bastards even mention who the coach was for the other two?
I would have liked to see a meaningful gesture honoring Sue and Joe come forward in unison with the branding announcement. Something that would assure us Joebots that Joe would no longer be treated as persona non grata .....because there is no way in hell this program or this stadium is even close to where it is without him. Instead, I feel like they slammed the door, once again. Yes, nothing would please Joe or honor him more than winning an NC as Mauti says. But I have a question.....if PSU wins a National Championship, will the bastards even mention who the coach was for the other two?
West Shore Home, a Pennsylvania-based home remodeling company, along with its founder B.J. Werzyn, has committed to a $50 million gift to Penn State University for the naming rights of the field at Beaver Stadium. This agreement, approved by Penn State’s Board of Trustees on March 10, 2025, with a 22-8 vote, designates the field as "West Shore Home Field at Beaver Stadium" for a 15-year period, starting with the 2025 football season and running through 2039.
The payment structure is structured as follows: West Shore Home will make annual payments to finance the field naming, with $10 million paid over the first 10 years (equating to $1 million per year for that initial decade), and the remaining $40 million disbursed over the subsequent 50 years. This front-loaded approach, as noted by Vice President for Intercollegiate Athletics Pat Kraft, is designed to support the immediate financial needs of Beaver Stadium’s $700 million renovation project, reducing the amount the university needs to borrow upfront. The entire $50 million gift is allocated toward this revitalization effort, which began in 2024 and is expected to be completed by the 2027 season.
This donation is the second-largest private gift in Penn State history, surpassed only by Terry Pegula’s $102 million contribution for the campus ice arena and hockey programs. With this commitment, Penn State has raised $130.675 million toward its $134 million fundraising goal for the stadium project. Kraft has described this as potentially the most valuable athletic facility naming gift in the country, emphasizing its significance to the university’s athletic and financial strategy.
so it averages 3.3million/yr but it’s 1 million/year 1st 10 yrs and long tail of $40 million over 50 years, which isn’t ideal. Just in time to rebuild the stadium again. Compare that to what other schools did (like @fairgambit did with U of W).
The payment structure is structured as follows: West Shore Home will make annual payments to finance the field naming, with $10 million paid over the first 10 years (equating to $1 million per year for that initial decade), and the remaining $40 million disbursed over the subsequent 50 years. This front-loaded approach, as noted by Vice President for Intercollegiate Athletics Pat Kraft, is designed to support the immediate financial needs of Beaver Stadium’s $700 million renovation project, reducing the amount the university needs to borrow upfront. The entire $50 million gift is allocated toward this revitalization effort, which began in 2024 and is expected to be completed by the 2027 season.
This donation is the second-largest private gift in Penn State history, surpassed only by Terry Pegula’s $102 million contribution for the campus ice arena and hockey programs. With this commitment, Penn State has raised $130.675 million toward its $134 million fundraising goal for the stadium project. Kraft has described this as potentially the most valuable athletic facility naming gift in the country, emphasizing its significance to the university’s athletic and financial strategy.
so it averages 3.3million/yr but it’s 1 million/year 1st 10 yrs and long tail of $40 million over 50 years, which isn’t ideal. Just in time to rebuild the stadium again. Compare that to what other schools did (like @fairgambit did with U of W).
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And there is probably some level of truth to that
But after watching a couple of people who are probably closer than any of us are to the situation, it appears the decision was made based on $50MM being ready and available in cash, right now. This appears to be the second largest gift made to PSU athletics-ever.
I suppose if a concerted group of people who wanted to name the field after Joe, could guarantee and document and have available more than $50MM, it would have been different.
I don't know if this firm gets some sort of tax break for the donation. But, one can assume they did not just do this out of the kindness of their heart.
So, if after say 10 years and $10M in payments made WSH goes bankrupt...? It was $1M per year.
I questioned Nate on this on the pay site and he said it's all going to be paid out in the first ten years.
I posted this on the pay site:
"To add to this, don't forget that West Shore Homes has been a significant factor in our recent success through NIL. It's not like they just jumped on board because the team is selling out Beaver Stadium with a great team. They were actually part of drawing in the crowds by stepping up with NIL now they are looking to put us over the top."
A naming period of 15 years paid over 50 years? Is that correct? For f*ck’s sake.
$134 MM fundraising goal for the stadium project? What about the other $566 MM? For f*ck’s sake.
Agree but it's really $50 million over 50 years not $50 million available right now
That is not correct - I do not know if Kraft "misspoke", or someone "heard it wrong".
The time period is 15 year.
For those "quantitatively inclined", that means the total present value of the advertising revenue (assuming all payments are made on schedule) depending on exactly which discount factors one uses, is approximately $25-30 m..... the first $3+ million to come due this year.
Where did you get that? I thought I read that it was indeed front-loaded such that all $50MM was coming in semi/annual payments over the first 10 years.
Several sources online reported this and there in lies my confusion. If it is a 15 year deal with $1 mil/yr first 10 years, does that mean the $40 mil left gets paid out over the last 5 yrs? I don’t see a lot of clarity with the actual specifics. It’s 15 years so Kraft was misheard in laying out the specifics. 15 vs 50 is a huge difference.
How is this front loaded? 10mm over first ten years then $40mm over an additional 50?! Good lord.
@PSUFTG
Barry, does the President have the authority to ok an honorary naming when no monetary donation is involved? In other words, if Neeli decided to (and I realize she previously said no to naming the field for Joe last year), could she make that happen without BOT approval?
Thanks.