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Albertson's LLC has committed $12.5 million for the naming rights to Boise State University's stadium for the next 15 years.
The agreement, which will transform the current Broncos Stadium to Albertsons Stadium, is subject to approval by the Idaho State Board of Education, which will take place June 18.
“Albertsons has chosen to link our name with Boise State because we admire and share their commitment to the values of becoming part of the community, integrity, hard work, developing leadership and continuously learning and improving," said Bob Miller, CEO of Albertson’s LLC.
"This July marks our 75th year as a company, and growing our partnership with Boise State is a wonderful way to celebrate that accomplishment and extend our reach as the Official Grocer of Boise State Athletics," Miller added.
Albertsons and Boise State have partnered previously to enhance the University. The company donated $6 million for an expansion to the school's library in 1990, which was later named Albertsons Library.
Boise-based Albertsons operates 600 locations in 16 states.