The Broncos no longer want to be associated with Sports Authority, the bankrupt retailer that will close all its stores this summer.
After Sports Authority failed to make more than $2 million in payments on its agreement to act as the sponsor to Sports Authority Field, the team filed a motion in U.S. Bankruptcy Court trying to cancel the deal.
According to the Denver Post, the team is trying to prevent Sports Authority from selling off its naming rights as part of its bankruptcy proceedings. If Sports Authority were allowed to do that, the Broncos would have no say in the name of the stadium they play in.
It’s unclear how long it would take for the Broncos to get out of the Sports Authority deal and work out a new deal. It’s possible that this year, the team will go back to playing in a stadium simply known as Mile High.