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Rangers Ballpark renamed Globe Life Park

<p>The Texas Rangers have reached a stadium naming rights agreement with Globe Life Accident and Insurance Company.</p>

Arlington, TX (SportsNetwork.com) - The Texas Rangers have reached a stadium naming rights agreement with Globe Life Accident and Insurance Company.

The building previously known as Rangers Ballpark in Arlington will become Globe Life Park. Financial terms of the 10-year agreement were not disclosed.

Based in McKinney, Texas, the insurance company has been in business since 1951.

"Globe Life is the perfect partner -- a Texas-based company that has been helping families with their insurance needs for more than 60 years," said Rangers co-chairmen Ray Davis and Bob Simpson in a release Wednesday.

"This agreement makes us a stronger organization -- on the field and in our community. It will give us increased flexibility and help us remain competitive from both short-term and long-term perspectives."

The stadium first opened in 1994 as The Ballpark in Arlington.

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