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TIAA Bank Field will keep its name for some time

TIAA Bank Field.JPG
Jacksonville Jaguars
The sale of TIAA Bank will mean a new name for the Jaguars' stadium.

The announcement Thursday that TIAA is selling its Jacksonville-based bank means the city-owned stadium and home of the Jacksonville Jaguars will have a new name.

The move could also have implications for the sponsorship agreement and business relationship between the NFL franchise and what TIAA Bank becomes under new ownership.

In an email Nov. 3, the Jaguars said they expect to continue a partnership with the new owner.

However, the naming rights agreement with the city shows a new name requires the consent of the city and the NFL team, and probably a higher fee.

Read the rest of this story at the Jacksonville Daily Record, a WJCT News partner.