Current:Home > InvestPitbull Stadium is the new home of FIU football. The artist has bought the naming rights -StockHorizon
Pitbull Stadium is the new home of FIU football. The artist has bought the naming rights
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-09 21:31:24
Welcome to Pitbull Stadium, the home of your FIU Panthers.
Florida International announced what could end up as a 10-year agreement on Tuesday with international recording artist, Grammy winner and entrepreneur Armando Christian Pérez — the Miami native better known as Pitbull — to put his name on their on-campus stadium.
Pérez will pay $1.2 million annually for the next five years, the university said, for the naming rights. He will have an option in August 2029 to extend the deal for another five years and continue the rebranding.
“Yes, we’re going to create history in Pitbull Stadium,” Pérez said during a news conference in Miami. “This isn’t just an announcement. This is a movement. This is truly history in the making.”
FIU said it is the first agreement where an artist possesses the naming rights to a stadium. Pérez will also be involved with FIU’s efforts in the name, image and likeness space, athletic director Scott Carr said.
“This is a historic day for FIU athletics to uniquely partner with a world-renowned artist and amazing person who truly values relationships and his community,” Carr said. “Armando’s financial support is program-changing, but him providing a microphone to amplify FIU will be even more beneficial to growing our brand.”
As part of the deal, Pérez gets use of the stadium for 10 days each year rent-free, with some tickets to those events to be set aside for FIU students. A vodka brand he owns will be a preferred brand at the stadium going forward, he will receive use of two suites and 20 VIP parking passes for FIU football home games, and he’s being asked to create an “FIU Anthem” to be played at the school’s athletic contests.
“It’s a true blessing, a true honor,” Pérez said. “Let’s make history.”
Pitbull — who also goes by “Mr. 305,” a nod to Miami’s area code — kicked off his music career in the South Florida rap scene around 2004, eventually becoming one of the world’s most recognized artists.
“Pitbull’s career trajectory mirrors FIU’s ascent as one of the nation’s top public research universities,” FIU President Kenneth A. Jessell said. “Like FIU, he started out very 305 and became worldwide.”
Pérez has been a longtime proponent of supporting education in South Florida. FIU said he founded the first SLAM! (Sports Leadership, Arts, and Management) tuition-free public charter school in Miami in 2012.
“This is about uniting everybody,” he said. “This is about bringing everybody together. ... Hard work is what pays off. They tell me, ‘You so lucky.’ Well, the harder I work, the luckier I get.”
___
Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here.
___
AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
veryGood! (949)
Related
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Waiting for news, families of Israeli hostages in Gaza tell stories of their loved ones
- NASCAR rescinds Ryan Blaney Las Vegas disqualification; restores playoff driver's result
- Kids are tuning into the violence of the Israel Hamas war. What parents should do.
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- 'We're not monsters': Community mourns 6-year-old amidst fears of anti-Muslim hate
- EU leaders seek harmony at a virtual summit after cacophony over response to the Israel-Hamas war
- Federal judge imposes limited gag order on Trump in 2020 election interference case
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Kate Spade 24-Hour Flash Deal: Get This $400 Shoulder Bag for Just $112
Ranking
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Colorado court upholds Google keyword search warrant which led to arrests in fatal arson
- Suzanne Somers dies at 76: 'Three's Company' co-star Joyce DeWitt, husband Alan Hamel mourn actress
- Chinese search engine company Baidu unveils Ernie 4.0 AI model, claims that it rivals GPT-4
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- 'We're not monsters': Community mourns 6-year-old amidst fears of anti-Muslim hate
- The Indicator Quiz: Climate edition
- Greta Thunberg joins activists to disrupt oil executives’ forum in London
Recommendation
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Jada Pinkett Smith Reveals Why She and Will Smith Separated & More Bombshells From Her Book Worthy
Rangers hold off Astros in Game 2 to take commanding ALCS lead, stay perfect in MLB playoffs
Bill Ford on UAW strike: 'We can stop this now,' urges focus on nonunion automakers
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Trump set to return to the civil fraud trial that could threaten his business empire
Fijian leader hopes Australian submarines powered by US nuclear technology will enhance peace
'Specter of death' hangs over Gaza as aid groups wait for access, UN official says