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Should Ted Leonsis follow through with the move and leave D.C., it may be an expensive breakup. The Virginia study says Monumental “will also pay approximately $200 million in breakage for the teams to leave,” a figure that includes the cost to break its existing lease at Capital One, as well as leases for office space nearby, plus other potential moving costs.
It'll be NBA champs vs. NFL champs − on the golf course. The eighth installment of Capital One’s "The Match" will pit stars of the defending NBA champions against the reigning Super Bowl champions: Golden State Warriors guards Stephen Curry and Klay Thompson vs. Kansas City Chiefs quarterback Patrick Mahomes and tight end Travis Kelce, Warner Bros. Discovery announced Wednesday.
Barkley has three years and $30 million remaining on his TNT deal. Besides the $10 million a year he makes from TNT, he said on “The Dan Patrick Show” last week that he makes another $10 million in endorsements, including Subway, Capital One and Dick’s Sporting Goods. “My No. 1 priority is to be fair to Turner and my sponsors, to be honest with you,” Barkley said. “I couldn’t just keep them holding on so I made up my mind (Thursday) night. I was like, ‘Make a decision and live with it.’”
Quinton Mayo: In celebration of the NBA’s 75th season, the Washington Wizards are returning to their Baltimore roots for their annual Open Practice presented by Capital One on Monday, October 11. The event will be hosted in partnership with Morgan State University beginning at 11:30 a.m.
Mike Vorkunov: Sean Maclean started with Knicks today as an exec part of Brock Aller's basketball strategy team, according to a source. He'll be working alongside Michael Arcieri & others. Maclean worked in strategy lead roles at Capital One and Stack Sports before this. https://t.co/lQb9GQq9g5
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Without Beal, a team whose season ticket base has already been hemorrhaging, per sources, would struggle mightily to fill seats at Capital One next year. That’s true. And you can’t get rid of Beal, goes the argument, when you have no idea what version of Wall you’ll get back; what if he returns to his four-time All-Star form? The Wizards rode Wall and Beal within a game of the conference finals just a couple of years ago; couldn’t they do it again? And, don’t you owe it to Wall to have a competitive team here when he returns?
Candace Buckner: Kelly Oubre Jr. on his emotions returning to Washington: "Pretty even keel right now. I think tomorrow might be a different story. Going to the Capital One having never played there as a visitor. Even coming to the practice facility as a visitor was kind of different."
Monumental Sports and Entertainment (MSE) and Capital One today announced that Capital One will become the new naming rights partner for the arena in downtown Washington, which hosts over 220 concerts, shows and events a year, including the Washington Capitals, Washington Mystics, Washington Valor, Washington Wizards and Georgetown men's basketball. The partnership of these two prominent local companies underscores their deep commitment to the continued economic growth and development of Washington, D.C. where they are both headquartered, and where Monumental employs 4,000 full and part-time employees and vendors. It also reinforces the unique position that Washington, D.C. holds and the role the D.C. market plays as a center for global influence and a platform for business-to-business and business-to-government connections, offering opportunities that can't be replicated anywhere else. The arena will be called Capital One Arena beginning immediately, with the full signage and branding shift to occur in fall 2017.
Monumental Sports & Entertainment is engaged in active conversations with Capital One about renaming Verizon Center, and a person familiar with the deal suggested that an announcement could come by next week. The existing naming rights deal with Verizon, which predated Ted Leonsis’s ownership of the downtown arena, was set to expire in 2018, and Leonsis had been vocal about his desire to land a more team-friendly arrangement.
Domain Name Wire reported this week that Capital One has registered more than 50 domain names that suggested the financial corporation could be taking over the naming rights, including “Cap1centerdc.com” and “capitalonearenadc.com.” News that a deal was nearing completion was first reported by 106.7 The Fan.
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Capital One’s interest, the source suggested, would link two local companies that both have business and philanthropic ties to the D.C. region. The bank — which is building a new headquarters in Tysons Corner and has spent heavily on sports advertising in recent years — was drawn to the global reach of the D.C. market, according to the person familiar with the deal. Capital One has already been a major corporate sponsor of both the Capitals and the Wizards.
The Wizards promotional schedule is coming out this week, and there’s one important date you should circle on your calendar immediately: Jan. 31. That’s the date of the Marcin Gortat Action Figure giveaway, presented by Capital One. You want a Gortat action figure. I certainly want a Gortat action figure. And you’ve got to figure that many of the people who went crazy for Jayson Werth garden gnomes would want a Gortat action figure.
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