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Canberra hockey teams sign major sponsorship deals

Canberra's Australian Hockey League teams have finalised naming rights sponsorship deals, shoring up their future just a year after funding cuts crippled their finances.

Men's outfit the Lakers have signed a joint agreement with Parkhill Financial Group and Rams ACT North, while women's side the Strikers have retained long-time sponsor Canberra Labor Club.

It's a big relief for both clubs, who lost $60,000 in ACT government funding following Hockey Australia's decision to condense the competition.

Traditionally a round robin tournament, the move to stage it at one venue over nine days last year made the Lakers and Strikers ineligible for funding.

Despite boasting a handful of Olympians, the teams were forced to hold sausage sizzles and raffles to compensate.

Strikers coach Steph Andrews said the sponsorship will help alleviate the financial concerns felt by part-time players juggling commitments.

"Most of our athletes are committed to full-time work and/or study, placing a significant financial burden and time commitment on these athletes already struggling to stay afloat,'' she said.

"The girls have already commenced fund-raising activities to bring the price down, but are eager to put the best team on the park ... Reducing the financial strain will help ensure that.''