The Colorado Rockies held up their end of a sponsorship deal with Sports Authority and should be paid the nearly $350,000 owed, the baseball club told the U.S. Bankruptcy Court in Delaware on Thursday.
In the fallout from its failure to reorganize in Chapter 11, Sports Authority has filed requests in federal bankruptcy court to cancel hundreds of sponsorship agreements, including high-profile partnerships with pro teams including the Rockies, Denver Broncos and Milwaukee Brewers.
But even before the Englewood-based retail giant decided it could not emerge from bankruptcy whole, it stopped making payments on a sponsorship deal that started in 2011 and puts the company’s name on ticket backs and ballpark signs.