Friday July 25th, 2014

The Jacksonville Jaguars and Everbank have reached an agreement on a 10-year extension for the team's stadium naming rights, The Florida Times-Union's Gene Frenette reports.

Everbank took over naming rights from Alltel in 2010. Frenette reports the deal is expected to be an increase from the five-year, $16.6 million contract to which the sides agreed in 2010.

More: Jags owner: No reason to cut troubled Blackmon

The Jaguars have significantly upgraded the stadium this offseason, including installing poolside cabanas and adding the league's largest video board.

Jacksonville, which finished last year 4-12, was 1-7 at home in 2013. 

More: Jaguars' Offseason Report Card

- Paul Palladino

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.