Levi's Stadium
On May 8, 2013, the 49ers announced that San Francisco-based Levi Strauss & Co. purchased the naming rights to the new stadium. The deal calls for Levi's to pay $220.3 million to the city of Santa Clara and the 49ers over 20 years, with an option to extend the deal for another five years for around $75 million. On September 14, 2015, ESPN's Chris Berman coined the name "The Big Bellbottom" in reference to the stadium. In a Deadspin article covering the 49ers on August 18, 2015, article writer Drew Magary coined the nickname "the Jeanhole" for the stadium.
Levi's Stadium
On February 20, 2015, the Raiders announced that they would be seeking a joint stadium in Carson, with the San Diego Chargers should they not receive public funding to replace the Oakland Coliseum, reducing the likelihood of the Raiders sharing Levi's Stadium with the 49ers. In January 2016, after losing their bid to relocate to Los Angeles to the Los Angeles Rams, the Raiders withdrew their request to move to Los Angeles, and joint tenancy at Levi's again surfaced in general discussion. However, with the Raiders getting approved for a move to Las Vegas and securing a local agreement for stadium funding there with Las Vegas Stadium under construction, it seems unlikely the Raiders will ever pursue a move to Santa Clara.