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JACKSONVILLE, Fla. -- The home of the Jacksonville Jaguars will continue to be named EverBank Field for at least the next 10 years.

The Jacksonville Jaguars and EverBank announced a naming right extension on Friday. The new deal, which will begin with the 2015 season, is worth $43 million.

The city still has to approve the new deal, which calls for Jacksonville to waive its 25-percent share ($10.75 million) of the naming-rights revenue for the publicly owned facility. Jacksonville's city council passed a similar motion by a 14-3 vote in 2010, and Mayor Alvin Brown says he's in favor of waiving the quarter share again.

EverBank became the named sponsor of the Jaguars field in 2010 after a five-year deal was signed. That deal ends this year.

The new deal will expire at the end of the 2024 season.

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