SECU nears naming-rights deal for new Towson arena

Venue is scheduled to open next month with the Harlem Globetrotters

 Jack Lambert 

SECU credit union is finalizing a deal for the naming rights of Towson University’s new 5,200-seat arena, according to several sources.

The pact between the Linthicum-based credit union and Towson to rename Tiger Arena is expected to be announced with the next few months, sources said. The deal is not yet complete, the sources said.

Terms of the deal could not be learned. Towson hired Rockville-based Team Services LLC in April 2012 to help sell the deal. At the time, executives from the company said the average price for naming rights for an arena like Towson’s runs between $300,000 and $600,000 a year.

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