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Looking back: Naming Progressive Field, Quicken Loans Arena

1:38 PM, Jan 15, 2013   |    comments
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Now that the Browns Stadium has been renamed FirstEnergy Stadium Home of the Cleveland Browns, how did the Cleveland Indians' Progressive Field and the Cleveland Cavaliers' Quicken Loans Areana get named and why?

Progressive Field

The late real estate mogul Richard E. "Dick" Jacobs and his brother, David, bought the Indians from the O'Neill family for $35 million in 1986.

The Indians left the old Cleveland Municipal Stadium in 1994 for the new, publicly financed Jacobs Field, with its 43,368 seats and 132 luxury suites.

Originally named Jacobs Field in honor of the team's ownership, the new stadium opened on April 4, 1994 with elaborate pre-game festivities that included President Bill Clinton throwing out the first pitch.

Jacobs Field, which many fans quickly shortened to "The Jake," wasn't the only new sports facility in the area.

The stadium was part of the Gateway Sports and Entertainment Complex, which included what's now called Quicken Loans Arena.

Ohio-based Progressive Auto Insurance bought naming rights for Jacobs Field in 2008 in a 16-year agreement worth nearly $58 million.

Quicken Loans Arena

Quicken Loans Arena also opened in the 1994 season and has been the home of the Cavs ever since.

From 1994 until August 2005, it was known as Gund Arena, named for Gordon Gund, the former owner of the Cleveland Cavaliers basketball team, after he paid $14 miilion for the 20-year naming rights.

Current Cavs owner Dan Gilbert bought the naming rights to Gund Arena when he purchased it and the Cavaliers for $375 million from former owner Gordon Gund in 2005.

No figure was ever given for what part of the $375 million deal was for the naming rights.

The building is the home of the Cleveland Cavaliers of the National Basketball Association (NBA), the Lake Erie Monsters of the American Hockey League (AHL), the Cleveland Gladiators of the Arena Football League (AFL), the Mid-American Conference (MAC) Basketball Tournaments, and the Cleveland Crush of the Lingerie Football League (LFL).

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