Today, the Indians joined the ever-growing number of sell-outs. They announced that for a mere $3.6 million per year, Progressive Insurance can kick Jake out of the park:
The Cleveland Indians announced today that their ballpark, currently known as Jacobs Field, will become Progressive Field. Progressive, a leading car, motorcycle and commercial auto insurer, has partnered with the Indians on a 16-year deal for the naming rights to the ballpark and will also become the Official Auto Insurer of the Cleveland Indians.
Progressive President and CEO Glenn Renwick said: "This is a story about two Cleveland-based organizations making a long-term commitment to the city, the fans and our people."
Progressive's payments to the Indians over the 16-year term of the agreement will average approximately $3.6 million annually.