The stadium was named after the Carrier Corporation paid $2.75 million for the naming rights. Carrier paid for naming rights for life, so a big difference there. The Teflon-topped structure cost $26.85 million and was named after the Carrier Corporation, which paid $2.75 million for the naming rights in perpetuity, a … Before the 50,000-seat stadium opened in 1980, Mel Holm, Carrier’s chief executive officer at the time, gave $2.75 million to the university in exchange for naming rights in perpetuity. Twitter Share. Rahnamay-Azar said in 2018 that the Dome renovations will not alter Syracuse’s relationship with Carrier Corp., a heating and air conditioning company which has had naming rights for the Dome since 1979. Details of the original deal, believed to be the first naming rights agreement in college sports, have not been made public. Gallery: Carrier Dome. It isn't really a surprise to hear that Syracuse University is considering selling the naming rights to the Carrier Dome after it's renovated. The first corporate naming rights deal in college athletics was in 1980, where Syracuse University partnered with Carrier to name the university’s new football and basketball facility the “Carrier Dome.” The facility is currently undergoing a $118 million renovation. When the University says to Athletics you want something from here on out, you go out and find the money. High Point Solutions, Rutgers: High Point recently formed a … The facility’s name was agreed to upon its opening, following a $2.75 million contribution from then Carrier CEO Mel Holm. Syracuse is negotiating for new naming rights deal on Carrier Dome (report) Updated Mar 21, 2019; Posted Sep 26, 2016 . Before the stadium opened in 1980, Mel Holm, Carrier's CEO at the time, gave $2.75 million to the university in exchange for naming rights in perpetuity, according to the report. Facebook Share. Athletics should get to make money off the name of it's buildings and the University has no right to name them for them. 10. The Orange played their first football game at the Carrier Dome on September 20, 1980. Carrier Dome. Given that the funding looms as one of the largest questions, Syracuse University is closely examining the original naming rights deal for the Carrier Dome. But, SU did remove all 64 mentions of “Carrier” in its football media guide, Syracuse.com reported on Aug. 21. Syracuse's naming rights deal with Carrier for the Carrier Dome is an all-time boondoggle, but the school is trying to change the tides. Carrier Dome, Syracuse: Carrier purchased the naming rights to the dome back in 1980 for $2.75 million. 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