FedEx has severed its naming-rights ties with the Washington Commanders, ending their agreement two years early by taking advantage of the team\'s change in ownership.
The remaining two years were worth approximately $15 million in revenue.
The Commanders must now find another sponsor. The team announced $75 million in upgrades and improvements to their stadium earlier this week.
While the move caught the team by surprise, according to multiple sources, the Commanders have been quietly seeking a new partnership for the past two months.
Via John Keim/ESPN