The posts on this thread make me wonder about our education system. Cleary economics isn't being taught in school anymore. If the RW or any pro team doesn't have sponsorships, what happens? Ticket prices go up. Concession prices go up. Parking goes up. TV/cable prices go up. For the RW to spend 64.3 million on player salaries, they have to bring in twice that to cover all their expenses. GM's cost money, scouts cost money, the beer and hot dogs cost money, the JLA has utility bills to be paid. Plus all owners want to make a profit. or at worst, break even.
Now for those that dislike Amway, please get some idea of what you are talking about. You do realize that the De Vos family-co-founders of Amway own the Griffins right? The arena they pay in is owned by the Van Andel family, the other co-founders family. Not to mention the ties with the Whitecaps, the various lector hall/labs/residence halls on many of Michigan's college campuses. Plus the 5000 or so hourly workers at the Amway plant in Ada. The business model of Amway is no different than the franchise model of Little Caesars. Little Caesars doesn't make money off of selling pizzas. They make money off of selling the ingredients to the thousands of franchises around the world.
Sometimes it is better, to know a little bit about the people posting stuff. I have intended and also studied economics and I know the view of some economists I just don't agree with them, because no matter how you slice it, there is always a bigger picture one.
Amway is a pyramid scheme, period. Schemes like that are built to create a huge income for the founders/co-founders and early starters by milking all the people who join later. There is a reason why such schemes are often targeted by laws.
Also there is difference between having a team presented by .... or just paying to show up on the bill boards, megatron or wherever.
Naming the new arena after some famous persons just would show the rest of the league, how to do things the right way.
Tell me you wouldn't love a name like "The Geordie Howe Palace", "The Yzerman Dome", Lidströms Plaza or the "Mike Illitch Arena" I really think Mike deserves to get his name on it he has done so much for this team and the city of Detroit.