Oregon State has suspended its sponsorship with Papa John's, school vice president and athletic director Scott Barnes announced Monday.
The move comes days after John Schnatter, the corporation's founder, admitted to using the N-word during an internal conference call.
"The derogatory and insensitive comments made by Papa John's founder John Schnatter are not reflective of Oregon State University's values and the inclusive environment we strive to foster throughout the university community and within OSU Athletics for all student-athletes and fans," Barnes said in a statement Monday.
Louisville president Neeli Bendapudi announced Friday the school will strip the Papa John's name from its football stadium, renaming it Cardinal Stadium.