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XRP is coming to The Swamp, and the money explains almost everything

Gatorade made sense. Publix made sense. XRP offered Florida $5 million
Oct 5, 2024; Gainesville, Florida, USA; A Florida Gators helmet sits on the field before a game against the UCF Knights at Ben Hill Griffin Stadium. Mandatory Credit: Matt Pendleton-Imagn Images
Oct 5, 2024; Gainesville, Florida, USA; A Florida Gators helmet sits on the field before a game against the UCF Knights at Ben Hill Griffin Stadium. Mandatory Credit: Matt Pendleton-Imagn Images | USA TODAY Network via Reuters Connect

As a sign of modern times, Florida announced on Friday a partnership with Ripple, a self-described “American technology company which offers enterprise blockchain products on the XRP Ledger and other networks.” Part of the agreement includes putting a logo for XRP on the field at Gator football games. XRP is described as “cryptocurrency that's fast, efficient, and trusted.”

On the surface, it’s a partnership that has most fans going “Huh?” Then the price tag for this deal has fans going “Oh, OK.”

But it also raises a question as to whether or not brand fit matters anymore in college football’s ever expanding arms race.

Florida to put a cryptocurrency logo on their field

According to Yahoo Sports, the deal is worth $5 million a year for Florida. The logo will go where the Gators used to put the “Fast F” on the field, though that was replaced last year with a logo from Geico.

If you are keeping score at home, Ripple Labs has been a recent target of the SEC. And not the SEC led by Greg Sankey. The U.S. Securities and Exchange Commission went after Ripple for selling unregistered XRP tokens. The end result was Ripple paying a $125 million fine.

So $5 million is nothing for them.

The question is whether or not it matters to Florida fans that the Gators didn’t partner up with someone like Gatorade or Publix, two brands that would have been perfect for Florida. $5 million for a logo that will be seen a grand total of six Saturdays this season is a ton, and it’s essentially free money for Florida’s athletic department. 

And there is this juxtaposition where we tend to accuse Florida of not quite having the money as some other top-level schools, but then we raise an eyebrow when they go out and make a deal that is one of the most lucrative field logos in the country for 2026.

But even if it was Gatorade or Publix or any other company, it doesn't change this nagging question we have raised in connection with the proposed renovations to The Swamp:

How much benefit will there be for the common fan?

The extra $5 million a year isn’t being used to offset ticket costs or even offset the increasing onslaught of commercials fans have to endure as they dread watching the guy with the countdown clock march onto the field. And since the money schools can directly spend on NIL is capped at $21.3 million this year, it’s not like that money is going to the players either.

Are we being petty?

Perhaps.

All we know is that college athletics has more ways than ever to generate money from sponsorships, and yet ticket prices continue to soar.

Just the price of being a fan in 2026.

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