until the 2016 Summer Olympics host city is announced on Oct. 2

Greising: who will pay $15.7 million velodrome naming rights?

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Naming rights figure prominently in the Chicago 2016 budget: $15.7 million for the velodrome and another $19 million for two facilities, the rowing and shooting venues.

In other words, the bid committee expects revenue that approximates the most lucrative naming deal in sports: slapping Citibank's name on the New York Mets' new stadium at a cost of $20 million a year. Chicago's most lucrative deal to date, for U.S. Cellular Field, nets all of $3.4 million a year. Full column from the Chicago Tribune

 

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