The Jacksonville City Council Finance Committee declined to approve the Jacksonville Jaguars' naming rights deal with EverBank, Tia Mitchell of the Florida Times-Union reports.

Chairman Daniel Davis deferred the issue until 3pm on Tuesday, as members have questions as to why the city agreed to waive their 25% cut of the revenue from the naming rights deal, which would reportedly be $4 million over five years.

In addition to the naming rights deal at Jacksonville Municipal Stadium, the Jaguars reached a naming rights deal with Blue Cross Blue Shield of Florida for their practice fields, and struck a deal on a scratch ticket with the Florida lottery.