by: Kristy Wolski Updated:
JACKSONVILLE, Fla. - EverBank Field will keep its naming-rights through the 2024 NFL season.
The 10-year, $43 million agreement was announced Friday afternoon.
“I’m thrilled to announce today that EverBank, the Jaguars and the city of Jacksonville have signed a new agreement to extend our partnership for another 10 years through the 2024 NFL season,” said Robert Clements, EverBank chairman and CEO.
The announcement took place inside the newly renovated EverBank Field. Speakers included
Khan has funded the new renovations at EverBank Field, which will be publicly unveiled Saturday. Those renovations include installing the world’s largest scoreboards.
Over the years, there has been some speculation the Jaguars would leave Jacksonville. Friday Action News asked Khan if the renovations and new deal mean he plans to keep the team here for a long time.
“When I was introduced here I said, ‘I’m going to do everything possible to make football work’ and that’s exactly what we’re doing,” said Khan.
He said the investment is not only in the team, but the city.
“To me everything we’re doing is really economic growth for Jacksonville,” Khan said. "Because Jacksonville, if it does better, the Jaguars are going to do better.”
The deal asks the city to waive its 25 percent share of the naming rights revenue.
The agreement will now go to the city council. Officials said they hope to take up the issue at the Aug. 12 meeting.