So the Charleston RiverDogs are offering naming rights to their new baseball stadium. Should you bite? Here are seven questions to ask about any deal with a professional sports team.
1. What’s the connective tissue?
Sporting events and teams certainly breed emotion, particularly at the local or regional level. That’s why the public will not only align itself with a team, but also with a venue and a sponsor. Research from the Journal of the Academy of Marketing Science indicates that the “sponsor-event fit” and the perceived sincerity of the sponsor are the top determinants in generating a favorable response from a sports sponsorship.
So here is the simple litmus test: Will the average fan “get it?”
2. If you’re not the lead dog, how good is the view?
Sports teams will sell you sponsorships for just about anything associated with their business – from stadium naming rights to your logo on the team bus, from major billboard placements inside the stadium to your logo on beverage cups and napkins. Ask yourself what happens once average fans are saturated with high-profile sponsorships and logo placements.
Do they have any mental storage space left to associate your good name when it’s only splashed across the second floor atrium?
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