Arizona Cardinals
University of Phoenix ending Cardinals stadium sponsorship
Arizona Cardinals

University of Phoenix ending Cardinals stadium sponsorship

Published Apr. 11, 2017 5:29 p.m. ET

GLENDALE, Ariz. (AP) The Arizona Cardinals are looking for a new naming-rights partner for their stadium.

The team announced Tuesday that the University of Phoenix wants to ends its 20-year sponsorship with about nine years remaining on the contract.

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.

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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.

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