Published on September 22nd, 2022 📆 | 7547 Views ⚑0
Bruins reveal cybersecurity firm Rapid7 will be first sponsor of patch on game and practice jerseys
The deal is believed to be worth at least $16 million.
The patches feature a relatively modest “RAPID7″ logo with white letters for the black jerseys and the opposite for white jerseys. The patch is 1 inch by 3 inches.
“The ‘cleanliness’ of the jersey was a big part, that was a requirement,” said Glen Thornborough, chief revenue officer of the Bruins, who described the new partnership as “one of the most significant partnerships we have.
“They are clearly interested in brand awareness and we wanted a brand integration partner. Cosmetically, how it looked on the jersey was critically important to us, we needed to make sure this was aligned for us to put it on the jersey.”
The Bruins patch is a speck compared to the patches the Montreal Canadiens unveiled earlier this week – a circular gold-on-blue “RBC” (a Toronto-based bank) patch on home jerseys – that has drawn the ire of fans for a variety of aesthetic and cultural reasons.
About half of the 32 NHL teams have announced deals, including “Milk” for the Maple Leafs, and “Caesars Sportsbook” for the Capitals.
Teams had the option of selling space to different sponsors for different jerseys, but the Bruins opted for the single sponsor.
Rapid7, a global company that trades on NASDAQ, is headquartered at 120 Causeway Street, one of the newer office towers adjacent to TD Garden where the Bruins play.
“Our customers are massive hockey fans,” said Thomas. “Boston’s a great town, the Bruins are well regarded. You want to make sure that if you do something that it’s with the right partner, one that represents both the value and the ethos of our organization.”
Keith Wachtel, chief business officer of the NHL, told the Globe in April the league believes the patches will be “extremely lucrative across the 32 clubs,” in excess of $100 million a year combined.
Beginning last season, the Bruins sold space on their helmets for a TD Bank decal.
Since 2016, the Bruins had worn chest patches from the China-based ORG Packaging on their practice jerseys.
Thomas received his MBA from Harvard Business School and sits on the board of directors of Blue Cross Blue Shield of Massachusetts, according to the Rapid7 website.
Next year, the Red Sox and other MLB teams will enter the jersey ad patch world. The MassMutual financial services company is expected to become the debut jersey corporate sponsor for the Red Sox in a 10-year deal believed to be worth $17 million a year.
Since the 2017-18 season, the NBA has allowed a small patch on the left chest of its players’ uniforms in a deal believed to be worth in excess of $200 million annually combined among all 30 teams, according to Boardroom.
CNBC estimated that the Celtics’ Vistaprint uniform patch sponsor brings in between $10 and $15 million a year to the team.
Michael Silverman can be reached at firstname.lastname@example.org. Follow him on Twitter: @MikeSilvermanBB.