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.
Multi-purpose stadium
The Miami Marlins, which changed their name from the original Florida Marlins in November 2011, moved to Marlins Park, a new retractable-roof stadium in Miami, in 2012. Sun Life Stadium (now Hard Rock Stadium) was then renovated to eliminate its baseball functionality, making it a football-only stadium. With the Marlins' relocation, the Oakland Athletics are the last team in the U.S. still sharing a stadium with an NFL team (the Oakland Raiders), the Oakland Coliseum. This arrangement will end once the Raiders move to Las Vegas (most likely in 2020), after which each NFL and MLB franchise will have its own stadium. The Athletics are currently seeking a new home; they are currently exploring plans to build Oakland Ballpark. Before announcing their upcoming move to Las Vegas, the Raiders suggested a move back to Los Angeles, where they played from 1982 to 1994, and also actively explored a move to the Alamodome in San Antonio; other parties suggested that the Raiders share the new Levi's Stadium in Santa Clara with the 49ers.