BLOOMINGTON — Indiana athletic director Scott Dolson shed light about how his department will allocate the funds it receives from a new long-term sponsorship agreement with Merchants Bank .

The university held a news conference at Henke Hall of Champions on Friday afternoon to discuss the agreement.

Indiana Athletics will receive $50 million over 20 years as part of the deal that will see Memorial Stadium’s playing surface renamed Merchants Bank Field at Memorial Stadium. The organization will also provide student-athletes comprehensive financial literacy training.

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