IDAHO FALLS -- The Idaho State Board of Education is meeting in Idaho Falls this week, tackling dozens of issues affecting higher education in Idaho, including the stadium naming rights deal between Boise State University, Bronco Sports Properties, and Albertsons LLC.
That deal was announced just last month, changing the name of Bronco Stadium to Albertsons Stadium. But, before that can happen, the deal needs to be approved by the State Board of Education, which will take it up Thursday.
From the day KTVB broke the news of the deal, we knew it was worth $12.5 million over 15 years. What we didn't know, and what was not even in the materials provided to the state board, is exactly where all that money was going to go.
Initially, that information was redacted in released documents, but was just un-redacted late Wednesday. That information spells out exactly how much of the $12.5 million will go to Boise State University, and how much will go to Bronco Sports Properties, which is a business and BSU's media and marketing arm for their athletics.
About two-thirds to three-quarters of that money every year will go to Boise State, while the rest will go to Bronco Sports Properties. In total, BSP will get $3.5 million of the $12.5 million.
BSP owner Learfield Communications said they did not release that information because it was a trade secret, and they didn't want to weaken their position in any future negotiations. But eventually, they agreed to lift the redactions.
There are a number of other things on the state board's plate on Thursday. They will approve or deny contracts for six coaches at Idaho's three universities, most notably, the contracts of Boise State's Leon Rice and Idaho's Don Verlin.
The Board will also consider the operating budgets of the universities and their athletic departments and take a look at possible construction projects and the Bengal Pharmacy at Idaho State.
Another point of discussion will be the possibility of Boise State moving part of their computer science department to Gardner Company's yet-to-be-built City Centre Plaza in downtown Boise.