Rapper and singer Pitbull has reached a deal to purchase the naming rights to Florida International University's football stadium. The Grammy award winner and entrepreneur -- real name Armando Christian Perez -- has signed a five-year contract with the venue to rename its stadium Pitbull Stadium. The arena is currently known as FIU Stadium and is the home of the FIU Panthers.
Pitbull will pay the school $1.2 million per year over the next five years for the naming rights, and will have an option in August 2029 to extend the deal for another five years and continue the rebranding. "For me, what it boils down to is, Miami is always known for being underdogs, no matter what we do and what level we take it to," Pitbull said .
"...
Being underdogs is what I always felt about FIU -- fighting, clawing their way to just be seen, to be recognized whether it be from education, business, through sports. "So when this idea came about, it came about just like a Miami-Dade County, 305 idea would come about -- nobody would believe in it. .
.. All we had to do was, just like we say in Miami, take it to the house.
" "Yes, we're going to create history at Pitbull Stadium," he added during a news conference in Miami. "This is not just an announcement. It's a movement.
It's really a historic event." This is a wholly unprecedented deal as Pitbull is the first musician to have a stadium named after him in college sports history. As part of the deal, Pitbull will reportedly create an anthem for FIU, .