Phoenix arena to lose US Airways Center name

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US Airways Center (Source: CBS 5 News) US Airways Center (Source: CBS 5 News)

The arena that is home to the Phoenix Suns is losing its US Airways Center name.

The stadium has been called the US Airways Center for nearly a decade, but the naming-rights agreement is set to end in October 2015.

American Airlines said it is relinquishing its naming rights, allowing the Phoenix Suns to seek a new naming sponsor.

American Airlines and US Airways merged last year. Airline spokesman Andrew Christie declined to say how much US Airways paid for the naming rights.

He added that American has long-term deals in place and no plans to take its name off the American Airlines Center in Dallas, home to the Mavericks, and the American Airlines Arena in Miami, where the Miami Heat plays.

There is no word if there are any early bidders.

Copyright 2014 Associated Press. All rights reserved.  CBS 5 (KPHO Broadcasting Corporation) contributed to this report.