S.F. Giants' home changes names to Oracle Park

The San Francisco Giants' waterfront home has a fourth name in its 19-year history: Oracle Park.

The team called a press conference for Thursday to announce the change from AT&T Park, the site's name since late 2005, to Oracle Park. Oracle and the Giants reached a 20-year naming-rights agreement.

Giants president and CEO Larry Baer told the San Francisco Chronicle on Wednesday that the contract is "very much in line with other recent naming-rights deals for top-tier facilities."

According to the newspaper, that could put the value of the deal at $300 million to $350 million. The Chronicle reported that the Giants netted between $200 million and $250 million from the previous deal that was originally signed with Pacific Bell in 1996 -- prior to the stadium's completion.

The venue opened as Pac Bell Park in 2000, then became SBC Park in 2004 and '05 following SBC Communications' takeover of Pac Bell. SBC merged with AT&T in November 2005, and the stadium's name became AT&T Park.

After 52 years in San Francisco without winning a championship, the Giants celebrated three World Series titles at then-AT&T Park in 2010, 2012 and 2014.

In addition to being the home facility for the Giants, the China Basin venue also was home to a college football bowl game from 2002-13 and to three years of regular-season football action. The XFL's San Francisco Demons (2001), the United Football League's California Redwoods (2009) and the University of California Golden Bears (2011) all played one season in the stadium.

Oracle already holds the naming rights to Oracle Arena across the bay in Oakland, Calif., home of the NBA champion Golden State Warriors. However, the Warriors are scheduled to move into the new Chase Center next year, a facility that will be located in the same San Francisco neighborhood as Oracle Park.

Oracle, headquartered in nearby Redwood Shores, Calif., is a major software and technology company.

--Field Level Media

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)