Astros reach new naming-rights deal for ballpark

The Astros and Daikin Comfort Technologies North America have reached agreement on a 15-year naming-rights deal for the team’s downtown ballpark, the team announced (video link via X). Beginning in 2025, Houston’s Minute Maid Park will be renamed Daikin Park. The new name will remain in place through the 2039 season.

“We are excited to be partnering with Daikin for our ballpark’s naming rights,” owner Jim Crane said in a statement Monday morning. “Daikin is an international company that proudly calls the Greater Houston area its North American home. The Houston Astros and Daikin share the same values, a commitment to excellence and a desire to give back to our local community.”

The Houston Chronicle’s Matt Kawahara reports that the prior 28-year naming deal with Minute Maid Co. had been slated to run through the 2029 season but was ended early for yet-unknown reasons. That agreement paid the Astros an estimated $170M over the life of the deal, per Kawahara. Minute Maid remains a marketing partner but will no longer claim those naming rights. It’s not yet clear how much of that estimated $170M was yet to be paid out or how the new naming rights agreement will impact revenues.

The team’s lease at the current ballpark runs through 2050, so it’s possible there’ll be at least one additional new name somewhere down the road. Of course, the Astros and Daikin could agree to an extension of the new naming rights agreement at a later date.