Broncos, Empower ink 21-year naming rights deal

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DENVER (AP) - The Denver Broncos have partnered with Empower Retirement on a 21-year deal to name their stadium “Empower Field at Mile High.”

The Metropolitan Football Stadium District will meet later this week to sign off on the agreement that runs through 2039 and ends a three-year span without a title sponsor for the stadium that opened in 2001.

Ed Murphy, president and CEO of Colorado-based Empower Retirement, the nation’s second-largest retirement plan provider, said temporary signage will be in place at the stadium for the Broncos’ home opener against the Chicago Bears in Week 2.

The Broncos’ stadium was originally called Invesco Field at Mile High. In 2011, Invesco transferred the naming rights to Sports Authority, which signed a 25-year agreement worth $150 million that was supposed to run through 2036. Sports Authority went bankrupt in 2016, however, and the Broncos purchased the remainder of the contract, allowing them to gain control of seeking a new corporate partner.