By Matthew Keck —
The University of Louisville can finally put John Schnatter in the past. The University of Louisville Athletic Association announced Oct. 24 they have reached a five-year, $9.5 million settlement over the naming right’s deal for the football stadium.
The first payment of this deal to Schnatter will be $1.4 million and then $2 million each year over the next five years.
U of L athletic director Vince Tyra said the university is looking for a new naming rights partner but they are in no rush. “Our intention would be to try to get that buttoned up for next season and put a name back on the stadium,” said Tyra.