FedEx bows out of Orange Bowl title slot

Updated: May 3, 2010, 4:56 PM ET
ESPN.com news services

The Orange Bowl will no longer be sponsored by FedEx, ending the longest-running naming rights deal for a BCS game at 21 years.

A report in the Sports Business Journal said that FedEx informed ESPN it is bowing out of its sponsorship because the company didn't want a larger season-long sponsorship platform in college football, which is being asked of all BCS sponsors.

The company announced the move in a statement Monday. It said the decision was difficult but "allows us to ...

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