New York Mets logoNew York Mets

Bank of America Backs Out of Yanks Deal; Mets, CitiGroup Still Forge Ahead

Tony ArnoldineCorrespondent IFebruary 27, 2009

Bank of America did a smart thing, in this tough economy, and backed out of a $20 million per year deal for premium signage at the new Yankee Stadium. BoA had recently been given bailout money by the federal government and it would have been foolish and outlandish for them to continue with the agreement with the Yankees under those circumstances.

It doesn't bother the Mets and CitiGroup, though.

CitiGroup has been begging for more bailout money each day, but still promises to go through with the $20 million a year naming rights to Citi Field, despite backlash from taxpayers, basically giving a giant middle finger to everyone.

Nice work, Mets.

Where can I comment?

Stay on your game

Latest news, insights, and forecasts on your teams across leagues.

Choose Teams
Get it on the App StoreGet it on Google Play

Real-time news for your teams right on your mobile device.

Copyright © 2017 Bleacher Report, Inc. Turner Broadcasting System, Inc. All Rights Reserved. is part of Bleacher Report – Turner Sports Network, part of the Turner Sports and Entertainment Network. Certain photos copyright © 2017 Getty Images. Any commercial use or distribution without the express written consent of Getty Images is strictly prohibited. AdChoices