The removal of FedEx’s name and signage from the stadium would cost team owner Daniel Snyder dearly. Because FedEx is paying its $205 million naming rights deal over time, roughly $45 million is due after the 2020 season, if payments are spread out evenly over the 27 year contract. By citing the risk to the FedEx brand, the letter appears to lay the foundation for terminating the agreement “for cause.” That interpretation, confirmed by a person with knowledge of the letter, means that FedEx wouldn’t pay the balance due after 2020 if the name isn’t changed..
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