Simplicity Esports and Gaming Company has announced that it has signed a 30-month long sponsorship agreement with gaming peripheral manufacturer Redragon for Flamengo Esports.
The sponsorship will include over $170,000 (£127,500) in cash and over $10,000 (£7,500) worth of gaming equipment. In exchange, the Redragon logo will be featured as a jersey sponsor for Flamengo Esports, Simplicity Esports’ Brazilian subsidiary competing in League of Legends’ CBLOL.
According to a release, the sponsorship funds will be paid over 30 months beginning in January 2021. The exchange rate used to calculate the sponsorship value in USD is $5.