AM founder Noel Biderman sent a letter to the CEO at New Meadowlands -- obtained by TMZ -- declaring, "At this stage, we are prepared to make a preliminary offer ... of $25,000,000 for the Naming Rights for a five-year term."
He adds, if the stadium gets better offers, "We would be pleased to match any such superior offer."
The offer (which works out to $5M a year) is pretty big, but it's still below the average for other stadium sponsorships -- Bank of America pays $7M a year to sponsor the Carolina Panthers stadium and FedEx drops $7.6 a year on the Redskins stadium in D.C.
