The Arizona Cardinals said on Tuesday morning it has reached an agreement on an 18-year naming rights commitment with the insurance company, turning University of Phoenix Stadium into State Farm Stadium.
The news follows a similar announcement last week when State Farm announced that Philips Arena in Atlanta, home of the Atlanta Hawks NBA team, will be called State Farm Arena. That deal was a 20-year pact worth $175 million.
The Cardinals’ home venue has been known as University of Phoenix Stadium since its first season in Glendale in 2006. In April 2017, the online school asked to get out of the current deal with the team. The school will still remain as the team’s Official Education Partner.
Along with being home to the Cardinals, the stadium is also home to the Fiesta Bowl, which has been played there every year since 2007. It has also been home to two Super Bowls, a College Football Playoff National Championship game and a Final Four.
Last week, dates for every Fiesta Bowl game through 2025 were announced. Super Bowl LVII in 2023 and the 2024 Final Four will take place at State Farm Stadium, as well.
“State Farm is committed to making a difference and so are the Arizona Cardinals” said Michael Tipsord, State Farm chairman and CEO. “Working with them gives us the chance to build even stronger communities in Arizona and helps us build our brand nationally.”
Arizona is home to one of the State Farm regional hubs with about 7,000 employess in the area.