BOISE, Idaho (KBOI) -- Albertsons plans to pay Boise State about $12.5 million over 15 years for the naming rights to Bronco Stadium.
Albertsons Stadium will first have to be approved by the Idaho State Board of Education June 18.
"Since the 1930s, when Boise State and Albertsons each began just a couple of miles away from each other, the two institutions have shared a passion for the community and for improving opportunities in higher education," Boise State President Bob Kustra said.
Boise State says the money will be used to provide a "first class experience for the over 400 Bronco student athletes."
"It is our privilege to support Boise State," said Bob Miller, CEO of Albertson's LLC. "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."
The name change will take place prior to Boise State's opening game this fall.