University of Phoenix Stadium will soon be no more.
The Arizona Cardinals and University of Phoenix announced Tuesday the online school will prematurely end its 20-year sponsorship deal finalized in 2006.
Declining enrollment has led the University of Phoenix to withdraw from its naming rights at the stadium, which hosted the Final Four last week.
While the Cardinals seek a new naming-rights sponsor, the stadium will keep its current name. The team will also continue a partnership with University of Phoenix, which laid off more than170 full-time faculty members and saw a decline in enrollment of 40,000 students from 2015 to 2016. But University of Phoenix will remainCardinals’ official education partner.
"We look forward to continuing our relationship with University of Phoenix while at the same time are excited about identifying a new naming rights partner for the next era of the stadium’s success," Cardinals executive vice president/chief operating officer Ron Minegar said in a statement. "Our partners at University of Phoenix have been a major factor in the building’s success which has not only been a tremendous source of community pride but also an unparalleled economic driver for Arizona."
Since the stadium opened in 2006, it has hosted two Super Bowls, three college football national championship games, 11 Fiesta Bowls and a Pro Bowl in addition to the Final Four.