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University of Phoenix calls for end to agreement with Arizona Cardinals

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Posted at 3:55 PM, Apr 11, 2017
and last updated 2017-04-11 18:57:50-04

The Arizona Cardinals will be playing in the same stadium but with a different name in the future.

The Cardinals announced on Tuesday that University of Phoenix would remove the school’s name from the stadium.

The University of Phoenix won the naming rights in 2006. The $154.5 million deal paid the Cardinals an average of $7.7 million per year.

Apollo Education Group, the parent company for the University of Phoenix, has been hit with declining enrollment and regulatory scrutiny in recent years.

Ron Minegar, the Cardinals' executive vice president and chief operating officer, says talks already are underway with a potential new naming rights partner.

He says the University of Phoenix will keep its name on the stadium until a new sponsor is found.