TAMPA — The Tampa Bay Buccaneers announced Tuesday that Raymond James Financial will keep its name on the NFL team's home stadium through 2027, thanks to a 12-year extension to their naming-rights agreement.
The Bucs and the University of South Florida football team have played in Raymond James Stadium since it opened in 1998, and it was home to Super Bowls in 2001 and 2009. It also will host college football's national championship game in January.
No financial terms were disclosed, but the Bucs cited the benefits of stability in what will be a 30-year relationship by the end of this extension.
"It is rare in today's business climate to form the type of long-lasting partnerships that can endure the test of time," Bucs co-chair Bryan Glazer said in a statement. "By the end of this extension, our partnership with Raymond James Financial will have reached 30 years. That type of long-term approach has defined our relationship to this point and will serve as the foundation for the years to come."
Raymond James, which has its headquarters in St. Petersburg, has more than 2.8 million clients worldwide with combined assets exceeding $522 billion.
"Raymond James has enjoyed a productive and mutually beneficial relationship with the Tampa Bay Buccaneers from the time the stadium opened in 1998," executive chairman Tom James said. "Two Super Bowls and a Buccaneer NFL championship 18 years later, we are proud to extend our partnership for another 12 years. Just as importantly, we are also excited to continue giving back to the Tampa Bay community through our combined efforts, including our legacy Kicking for Kids and Sack Hunger programs."
Raymond James Stadium is undergoing roughly $100 million in renovations, including new video boards that will be in place for the upcoming football season. Tampa was passed over last week as the NFL awarded three future Super Bowls to Atlanta, Miami and Los Angeles, meaning it will be at least 2022 before the city could next host a Super Bowl.