One of the University of New Mexico’s highest-profile athletics boosters has renegotiated the terms of her football field naming rights deal to pay slightly more than half of what she originally committed.
Prominent attorney Margaret Branch last year signed an amended gift agreement for the naming rights to UNM’s football field that lowered the total payments to about $830,000. In 2012, the gift was announced as $1.5 million. The playing surface has since been called Branch Field.
The University of New Mexico Foundation on Thursday released the updated agreement — signed in June 2017 — to the Journal, along with a joint written statement from Branch and the foundation. The Journal had requested a copy of any such agreement on multiple occasions over the past two years.
Margaret and Turner Branch, also a prominent New Mexico lawyer, had entered into the agreement in 2012, pledging they would pay $214,285 annually for seven years. Turner Branch is Margaret’s late husband, who died in 2016.