U. of Phoenix buys naming rights to Cardinals stadium

Updated: September 26, 2006, 4:18 PM ET
Associated Press

GLENDALE, Ariz. -- The Arizona Cardinals played for 18 years at a college stadium in Tempe.

Now the University of Phoenix -- the nation's largest private university -- will pay the NFL team $154.5 million over the next 20 years to put its name on the Cardinals' new home.

The "University of Phoenix Stadium" label was unveiled at a news conference outside the $455 million structure in suburban western Phoenix on Tuesday.

The for-profit university has 323,000 ...

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