The Facts: Washington announced Monday that it will retire the "Redskins" nickname and logo. A new team name will be announced at a later date.
Diehards Line: "Today, we are announcing we will be retiring the Redskins name and logo upon completion of this review," the team said in a statement. "Dan Snyder and Coach (Ron) Rivera are working closely to develop a new name and design approach that will enhance the standing of our proud, tradition rich franchise and inspire our sponsors, fans and community for the next 100 years." The update comes 10 days after the franchise set in motion a thorough review of the team's name following an invigorated push this month from several major companies urging the club to change the name. On July 2, a group of 87 investment firms and shareholders signed three separate letters to Nike, FedEx and PepsiCo threatening to terminate relationships with the team unless it dropped the racially insensitive name. Later that day, FedEx, the company with naming rights to the team's stadium, formally requested the franchise take action. The review began the following day.