EAST RUTHERFORD, N.J. (AP) -PepsiCo has signed an agreement to become the fourth cornerstone partner for the new stadium for the Jets and Giants.

The New Meadowlands Stadium Corporation announced the multiyear deal on Thursday.

No contract deals immediately available.

MetLife, Verizon and Budweiser had previously signed contracts to be cornerstone partners for the $1.6 billion stadium that is scheduled to open next spring with a concert by Bon Jovi. The first NFL game will be played in the summer.

The teams are still looking to sell the naming rights to the new stadium, which is being constructed next to Giants Stadium.

PepsiCo offers the world's largest portfolio of food and beverage brands.