ALBUQUERQUE, N.M. (AP) A home-remodeling business that operates in four states has bought the naming rights for The Pit - the University of New Mexico's famed basketball arena - and the football stadium for $10 million.

School officials and representatives of Dreamstyle Remodeling Inc. gathered at one of the company's showrooms in Albuquerque on Wednesday to make the announcement.

The 10-year deal marks the largest philanthropic agreement in the athletic department's history. Aside from naming rights, it includes contributions to the university's business management school, children's hospital and performing arts center.