EAST RUTHERFORD, N.J. (AP) — MetLife is upping the ante and taking on a bigger role at the new home of the Jets and Giants, and the 2014 Super Bowl.
The New York-based insurance giant signed an agreement Tuesday with the NFL teams to buy the naming rights to the $1.6 billion stadium that will be the site of the league's title game in three years.
None of the parties would say how much North America's largest insurance company paid for the right to call the one-year-old facility MetLife Stadium for the next 25 years, although there have been multiple reports that the deal will net the co-owners between $17 million to $20 million annually.
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