Astros Rumored to Announce Stadium Name Change
Minute Maid Park's name could be changing soon
The Houston Astros are reportedly in talks to sell the naming rights to Minute Maid Park, according to a report from the Houston Chronicle. The team has been in discussions with several companies, and an announcement could come as early as next week.
Minute Maid has been the stadium's naming rights partner since 2002, when the Astros moved into the new ballpark. The company's 10-year, $100 million deal expired in 2012, but the two sides have continued to work on a year-to-year basis.
Possible new naming rights partner
The Astros are reportedly looking for a new naming rights partner that will pay them more than $5 million per year. The team is also hoping to find a partner that will be a good fit for the Astros brand and the city of Houston.
One potential suitor is NRG Energy, which is headquartered in Houston. NRG is a leading provider of electricity and natural gas, and it has a strong presence in the Houston market. Another possibility is Phillips 66, which is also headquartered in Houston. Phillips 66 is a major oil and gas company, and it has a long history of supporting the Astros.
If the Astros do sell the naming rights to Minute Maid Park, it will be the second time in the stadium's history that it has changed names. The stadium was originally called Enron Field when it opened in 2000, but the name was changed to Minute Maid Park in 2002 after Enron filed for bankruptcy.