UCF is close to finalizing a stadium naming rights deal with 3MG Roofing, pending a Board of Trustees vote Wednesday.
3MG Roofing, a Central Florida-based construction company, submitted a letter of intent calling for a 12 year, $20 million agreement that includes renaming the UCF Knights’ football stadium “3MG Stadium,” according to the Board of Trustees agenda for Wednesday’s special meeting.
The agreement, which would start Sept. 1, calls for payment of $20 million over 12 years to the UCF Athletics Association with annual sponsorship payments escalating over the payment schedule.
3MG Roofing became a UCF Athletics partner in January. As part of the deal, 3MG Roofing’s logo has been part of LED signage at UCF football and basketball games and is a media backdrop sponsor.
3MG Roofing will replace Spectrum, previously Bright House Networks, as the previous UCF football stadium partner, a deal that ended in summer 2020.
Following the end of Spectrum’s deal, there was an agreement in place with RoofClaim.com, which reportedly would have paid UCF $35 million over 15 years, but it fell through. UCF’s on-campus football stadium has been officially called “The Bounce House” since August of last year.
On Wednesday, the Board of Trustees will also vote whether to accept the Hula Bowl’s request to rent the Bounce House for its annual college football all-star game on Saturday, Jan. 15, 2022.
Daniella Medina is a contributing writer for Black & Gold Banneret. Follow her on Twitter @danimedinanews.