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Sprint extends Cup sponsorship to 2016

Telecommunications company Sprint has signed a three-year extension to its title sponsorship of NASCAR's top-level Cup series, taking it through to the end of 2016.
NASCAR announced at the end of last week that they had signed an extension to their existing sponsorship deal with telecoms giant Sprint, which will see the company have naming rights to the top-level Cup series through to the end of the 2016 season.

The series became the Sprint Cup when the Sprint Corporation took over Nextel Communications in 2005. Nextel had been the title sponsors since 2004 when they replaced longtime series sponsor Winston, and Sprint took over the original ten-year sponsorship deal with their acquisition and the Nextel Cup duly became the Sprint Cup.

The original deal would have expired at the end of the 2013 season, but it had seemed clear for much of this season that Sprint were looking at extending and deepening their backing of America's most popular motor sport series, leading to last week's announcement that a three-year extension would see Sprint remaing as the the sport's main backers until the end of 2016.

"I could not be more pleased than to announce and celebrate tonight that Sprint and NASCAR have agreed to an extension of our relationship," said Sprint chief executive officer Dan Hesse.

Hesse was speaking on Friday in Las Vegas, where NASCAR's officials, teams, drivers and sponsors were assembled at the Wynne Hotel-Casino for several days of post-season celebrations - which included Sprint handing new champion Tony Stewart a cheque for $5.8m, as well as the sight of Jeff Gordon revealing a hitherto unsuspected talent for break dancing.

"It probably wasn't an option for us not to [extend]", said Sprint's vice president for corporate marketing Steve Gaffney. "It's too important for us as a brand. It's an incredible relationship. It's a great sport ... The enthusiasm of the fans, the product of the track: we couldn't be more proud to be associated with NASCAR, and we look forward to this relationship growing more and more over the coming years."

"We're pleased to have Sprint back and to have an extension," said NASCAR's chief marketing officer Steve Phelps. "To have a brand like Sprint, who is our entitlement partner and our largest sponsor in the sport, to come back and essentially renew early for us is huge. I think it provides a lot of wind at our back.

"We had a great year at the track, an incredible Chase with the best finish we've had ever in our Sprint Cup history," he continued. "So, yeah, I think it will provide some significant wind at our back and help those teams that are still looking for sponsorship."

Neither Sprint nor NASCAR would give details about the financial terms of the agreement, and whether or not Sprint are maintaining their former level of sponsorship funding - estimated at around $70m per year - or whether the current economic climate has forced everyone to tighten their belts as the price for the financial security and public endorsement of an early renewal.

“I can say that I'm 100 percent [sure] that both Sprint and NASCAR are really pleased about the way the negotiations ended up and the fact that we're partners through 2016,” insisted Gaffney.


Tagged as: sponsorship , Sprint

Related Pictures

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Tony Stewart and Carl Edwards shake hands after the NASCAR Sprint Cup Series Champion`s Week Awards Ceremony at Wynn Las Vegas on Dec. 2, 2011, in Las Vegas, Nev. [Photo Credit: Todd Warshaw/Getty Images for NASCAR]
Tony Stewart, driver of the #14 Office Depot/Mobil 1 Chevrolet, drives ahead of Carl Edwards, driver of the #99 Aflac Ford, during the NASCAR Victory Lap on the Las Vegas Strip on Dec. 1, 2011, in Las Vegas, Nev. [Photo Credit: Chris Graythen/Getty Images]
Jeff Gordon shows off his breakdancing skills during NASCAR After the Lap at The Joint inside the Hard Rock Hotel & Casino on Dec. 1, 2011, in Las Vegas, Nev. [Photo Credit: David Becker/Getty Images for NASCAR]
NASCAR Sprint Cup Series champion Tony Stewart speaks during the NASCAR Sprint Cup Series Champion`s Week Awards Ceremony at Wynn Las Vegas on Dec. 2, 2011, in Las Vegas, Nev. [Photo Credit: Ethan Miller/Getty Images]
Sprint CEO Dan Hesse, left, shakes hands with NASCAR Sprint Cup Series champion Tony Stewart during the NASCAR Sprint Cup Series Champion`s Week Awards Ceremony at Wynn Las Vegas on Dec. 2, 2011, in Las Vegas, Nev. [Photo Credit: Ethan Miller/Getty Images]
The victorious Stewart-Haas Racing team celebrate winning the 2011 NASCAR Sprint Cup. (Photo Credit: Jared C. Tilton/Getty Images)
Kevin Harvick, driver of the #4 Jimmy John`s Chevrolet, practices for the NASCAR Sprint Cup Series Oral-B USA 500 at Atlanta Motor Speedway on August 29, 2014 in Hampton, Georgia. (Photo Credit: Todd Warshaw/NASCAR via Getty Images)
Paul Menard, driver of the #27 Serta/Menards Chevrolet SS, finished ninth and Austin Dillon, driver of the #3 Dow Great Stuff Chevrolet SS, finished 28th Saturday, August 23, 2014 in the Nascar Sprint Cup race at Bristol Motor Speedway in Bristol, Tennessee. (Photo by Alan Marler/HHP for Chevy Racing)
Jamie McMurray, driver of the #1 McDonald’s Chevrolet SS, finished eighth and Kasey Kahne, driver of the #5 Great Clips Chevrolet SS, finished 35th Saturday, August 23, 2014 in the Nascar Sprint Cup race at Bristol Motor Speedway in Bristol, Tennessee. (Photo by Rusty Jarrett/HHP for Chevy Racing)
Kurt Busch, driver of the #41 Haas Automation Chevrolet SS, finished fifth Saturday, August 23, 2014 in the Nascar Sprint Cup race at Bristol Motor Speedway in Bristol, Tennessee. (Photo by Harold Hinson/HHP for Chevy Racing)
Jimmie Johnson, driver of the #48 Lowe`s Chevrolet SS, finished fourth and Kyle Larson, driver of the #42 Target Chevrolet SS, finished twelfth Saturday, August 23, 2014 in the Nascar Sprint Cup race at Bristol Motor Speedway in Bristol, Tennessee. (Photo by Rusty Jarrett/HHP for Chevy Racing)
Joey Logano, driver of the #22 Shell Pennzoil Ford, leads a pack of cars during the NASCAR Sprint Cup Series Irwin Tools Night Race at Bristol Motor Speedway on August 23, 2014 in Bristol, Tennessee. (Photo Credit: Tom Pennington/NASCAR via Getty Images)
Joey Logano, driver of the #22 Shell Pennzoil Ford, and his team celebrate in Victory Lane after winning the NASCAR Sprint Cup Series Irwin Tools Night Race at Bristol Motor Speedway on August 23, 2014 in Bristol, Tennessee. (Photo Credit: Matt Sullivan/NASCAR via Getty Images)
Joey Logano, driver of the #22 Shell Pennzoil Ford, celebrates in Victory Lane after winning the NASCAR Sprint Cup Series Irwin Tools Night Race at Bristol Motor Speedway on August 23, 2014 in Bristol, Tennessee.  (Photo Credit: Sean Gardner/Getty Images)
Joey Logano, driver of the #22 Shell Pennzoil Ford, celebrates in Victory Lane after winning the NASCAR Sprint Cup Series Irwin Tools Night Race at Bristol Motor Speedway on August 23, 2014 in Bristol, Tennessee.  (Photo Credit: Sean Gardner/Getty Images)
Joey Logano, driver of the #22 Shell Pennzoil Ford, takes the chequered flag to win the NASCAR Sprint Cup Series Irwin Tools Night Race at Bristol Motor Speedway on August 23, 2014 in Bristol, Tennessee. (Photo Credit: Brian Lawdermilk/NASCAR via Getty Images)
Joey Logano, driver of the #22 Shell Pennzoil Ford, celebrates with a burnout after winning the NASCAR Sprint Cup Series Irwin Tools Night Race at Bristol Motor Speedway on August 23, 2014 in Bristol, Tennessee. (Photo Credit: Patrick Smith/Getty Images)
Matt Kenseth, driver of the #20 Dollar General Toyota, leads a pack of cars during the NASCAR Sprint Cup Series Irwin Tools Night Race at Bristol Motor Speedway on August 23, 2014 in Bristol, Tennessee. (Photo Credit: Brian Lawdermilk/NASCAR via Getty Images)

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