Originally posted on Waiting For Next Year  |  Last updated 1/14/13

The news vortex of Twitter is abuzz on Monday stating that the Browns will be handing naming rights over to FirstEnergy, the diversified energy company headquartered in Akron, Ohio. Several outlets are bantering about the likelihood, trolling for feedback — one of the more legitimate being WEWS’ Kristin Volk. Nothing confirmed, but rumor has it that Browns struck a deal with First Energy for naming rights of the stadium. Thoughts? — Kristin Volk (@Kristin_Volk) January 14, 2013 Following the completion of the transaction which transferred majority ownership of the Cleveland Browns to Jimmy Haslam III, naming rights to the stadium were one of the first items which many in Cleveland expected to be changed. The stadium had been dubbed “Cleveland Browns Stadium” since its erection prior to the 1999 season, but Haslam — the former CEO of a billion-dollar truck stop business — notoriously sees the stadium as additional means to market the team. If proved true, what the stadium’s official name will be remains to be seen as “FirstEnergy Stadium” is presently home to the Reading Fighting Phils, the Eastern League affiliate of the Philadelphia Phillies. This, in addition to the stadium that houses the University of Akron soccer programs. In 2008, Progressive Insurance (headquartered in Mayfield, Ohio) purchased the naming rights to the ballpark which houses the Cleveland Indians, costing the publicly traded firm roughly $58 million for 16 years of rights. Two months prior, Progressive laid of 340 employees. This past November, FirstEnergy — having eliminated 200 positions in October — announced that it expects to cut up to 400 jobs by 2016 citing ”struggles to stay profitable in a lackluster economy,” one which has led to continued low demand and low power prices. As of 2010, First Energy reportedly employed 10,000 individuals and provided energy sources to 4.5 million customers. [Related: Kelly, Chudzinski, & Plan B….Was There One?]

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Sam Mitchell reportedly candidate to join Pelicans’ coaching staff

Warriors GM indicates Steve Kerr still isn’t ready to return

Taylor Hall says it was “nice to finally see” the Edmonton Oilers eliminated

Report: Jets to hire female defensive backs coach

Vince Young officially inks contract with CFL team

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Jason Witten: Bill Parcells is getting soft in his old age

Braves make up with fan ejected by security for interference

David Price to start for Red Sox Monday against Chicago

David Price to start for Red Sox Monday against Chicago

Magic Johnson indicates Brandon Ingram is Lakers’ only untradeable player

Congress drafted a bill that could legalize online sports betting; how soon might it happen?

Kicking It: East is East, and West is West

Three Up, Three Down: Some surprises way out (NL) West

The 'Let's go to the videotape!' quiz

It’s our civic duty to stop attending Super Bowls in new stadiums

Box Score 5/25: The Cavaliers look to close out the Celtics

The 'Farewell to the Manu, the Myth, the Legend' quiz

Box Score 5/24: Craig Anderson saves the Senators

The 'Walk on home, boy' quiz

NBA Referee Hotline Bling: Dejounte Murray gets his calls blocked twice

It's reality check time for the Texas Rangers

Box Score 5/23: Preds, Warriors move on to respective Finals

The 10 best sports docs available for streaming

NFL News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Kicking It: East is East, and West is West

Three Up, Three Down: Some surprises way out (NL) West

The 'Let's go to the videotape!' quiz

Why the Indianapolis 500 is called 'the greatest spectacle in racing'

The 'Farewell to the Manu, the Myth, the Legend' quiz

NBA Referee Hotline Bling: Dejounte Murray gets his calls blocked twice

It's reality check time for the Texas Rangers

The 'Walk on home, boy' quiz

NBA Weekend Awards: Who will take a bite of the Snow White Crystal Apple?

Why wait? Our too soon Cavaliers-Warriors NBA Finals preview

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker