Current:Home > FinancePitbull Stadium is the new home of FIU football. The artist has bought the naming rights -Dynamic Money Growth
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 22:01:31
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! (1)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Quinn Ewers injury update: Texas football QB enters locker room, Arch Manning steps in
- 2024 Emmys Hosts Dan Levy and Eugene Levy Beg You To Say Their Last Name Correctly
- 2024 Emmys: How Abbott Elementary Star Sheryl Lee Ralph's Daughter Helped With Red Carpet Look
- US appeals court rejects Nasdaq’s diversity rules for company boards
- ‘Beetlejuice Beetlejuice’ is No. 1 again; conservative doc ‘Am I Racist’ cracks box office top 5
- 2024 Emmys: Christine Baranski and Daughter Lily Cowles Enjoy Rare Red Carpet Moment Together
- In Honduras, Libertarians and Legal Claims Threaten to Bankrupt a Nation
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- 2024 Emmys: Dakota Fanning Details Her and Elle Fanning's Pinch Me Friendship With Paris Hilton
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- This city is hailed as a vaccination success. Can it be sustained?
- Shedeur Sanders refuses to shake Brayden Fowler-Nicolosi's hand after win vs Colorado State
- 2024 Emmys Fans Outraged After Shelley Duvall Left Out of In Memoriam Segment
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Who plays on Sunday Night Football? Breaking down Week 2 matchup
- Florida State's latest meltdown leads college football's Week 3 winners and losers
- When does daylight saving time end? What is it? What to know about 'falling back'
Recommendation
Small twin
How to Talk to Anxious Children About Climate Change
A Houston man broke into the pub that fired him. Then he got stuck in a grease vent.
'Rarefied air': Ganassi's Alex Palou wins third IndyCar title in four years
US appeals court rejects Nasdaq’s diversity rules for company boards
Who plays on Sunday Night Football? Breaking down Week 2 matchup
2024 Emmys: Selena Gomez Brings Boyfriend Benny Blanco as Her Date
2024 Emmys: Jesse Tyler Ferguson's Hair Transformation Will Make You Do a Double Take