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Maryland athletics announced on Thursday the football team’s stadium will have a new name. Maryland Stadium will be called SECU Stadium later on this season per a press release from the team.
The changes will not take place overnight, as Maryland’s stadium will not have its named changed until Oct. 1. Maryland will be taking on Michigan State on that date, in its 2nd B1G game of the season, and conference home opener.
The naming rights partnership is with the SECU Credit Union of Maryland, and will be for 10-years. SECU has agreed to pay Maryland $11 million in guaranteed money. There will also be $2.5 million that will go to facility and program upgrades. Lastly, there will be estimated compensation of up to $300K-$400K each year.
The agreement will last until the year 2032. This is the first change to the name since 2015, when the school agreed to change the name to Maryland Stadium.
A kickoff time for the Michigan State game has not been announced just yet.
Grant Bricker covers the B1G for Saturday Tradition. His previous stops include the Williamson Homepage and Nashville Post.